Frax Finance
Stablecoin · Synthetic Yield-Bearing · FXS
Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
Hybrid stablecoin pivoting to RWA backing.
Circulating supply
$1.9M
+0.0% 24h
Latest data · 15 min delay
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Frax Finance — Research Skill
Hybrid stablecoin pivoting to RWA backing.
frax · v1.0.0
Facts
| category | Network |
| symbol | FXS |
| tagline | Hybrid stablecoin pivoting to RWA backing. |
| arbitrumNative | no |
| chains | Ethereum, Arbitrum, Optimism, Avalanche, BSC |
| security | audited (OZ-derived · reported audited (no public link)) |
| memberCoins | 3 (FRAX, frxUSD, sFRAX) |
| tvl | $1.89M |
| marketCap | $237.37M |
| users | 140K |
Sections
Overview
Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
What makes it different
First-mover hybrid algo-collateral stablecoin, now pivoted to RWA-backed frxUSD with BUIDL — an institutional bridge to DeFi.
Components
- Frax Finance core product: Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
Member coins
- Frax (FRAX) — Stablecoin, Original hybrid Frax dollar - Frax USD (frxUSD) — Stablecoin, RWA-backed (BUIDL) dollar - Staked FRAX (sFRAX) — Stablecoin, Yield-bearing FRAX
Risks
- Smart Contract: On-chain logic upgrades, bugs, or parameter errors can impair user funds. - Market: Token, collateral, or peg volatility affects protocol solvency and user outcomes. - Liquidity: Thin markets make exits, liquidations, or redemptions harder during stress. - Peg: Stablecoin may de-peg under reserve, liquidity, or confidence stress.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for Frax Finance. | research_getEntity({ slug: "frax" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
- TVL
- Total value locked — assets held or managed by a protocol, in USD.
- APR
- Annual percentage rate — yield before compounding.
- RWA
- Real-world asset — an off-chain asset represented as an on-chain token.
- ERC-8004
- Trustless-agent identity standard; an agent's portable on-chain identity (ERC-721).