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.
FXS price
$0.9914
+0.0% 24h
Latest data · 15 min delay
Machine-readable protocol knowledge for agents
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 | Fraxtal, Ethereum |
| security | audited (OZ-derived · reported audited (no public link)) |
| memberCoins | 5 (FRAX, frxUSD, sFRAX, FXS, sfrxETH) |
| founded | 2022-10-24 |
| tvl | $124.25M |
| marketCap | $217.44M |
| price | $0.9914 |
| priceChange24h | 0.0% |
| priceChange7d | 0.1% |
| priceChange30d | 0.2% |
| fdv | $217.44M |
| marketCapRank | #149 |
| tvlChange1d | -0.2% |
| tvlChange7d | 27.7% |
| universalMetricsSyncedAt | 2026-08-24T06:40:53Z |
| users | 140K |
Sections
Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
First-mover hybrid algo-collateral stablecoin, now pivoted to RWA-backed frxUSD with BUIDL — an institutional bridge to DeFi.
- 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.
- Frax (FRAX): Stablecoin, Original hybrid Frax dollar - Frax USD (frxUSD): Stablecoin, RWA-backed (BUIDL) dollar - Staked FRAX (sFRAX): Stablecoin, Yield-bearing FRAX - FXS (FXS): Token, Governance Token - Staked Frax ETH (sfrxETH): Token, LST
- 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
