Original hybrid algo-collateral Frax dollar (declining supply).
Historical peg variance
Loose peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 7d ago
Ethereum160.5M FRAX87.2%
Harmony8.1M FRAX4.4%
Fraxtal7.4M FRAX4.0%
Moonriver2.4M FRAX1.3%
Arbitrum1.9M FRAX1.0%
BSC724.2K FRAX0.4%
Avalanche621.1K FRAX0.3%
OP Mainnet580.1K FRAX0.3%
Moonbeam562.1K FRAX0.3%
Fantom534.0K FRAX0.3%
Polygon488.5K FRAX0.3%
Near150.6K FRAX0.1%
Boba71.0K FRAX0.0%
Aurora48.6K FRAX0.0%
ZKsync Era19.3K FRAX0.0%
Osmosis5.9K FRAX0.0%
Solana2.9K FRAX0.0%
Dogechain548 FRAX0.0%
Metadata
Peg targetUSD
Sub-categoryStablecoin
IssuerView network
ChainsArbitrum One
Arbitrum nativeNo
LiveLive
Founded—
Issuance
Backing & mint/redeem mechanics per the issuer.
Peg mechanismAlgorithmic
Using the Frax Finance app, FRAX can be minted by locking USDC and burning FXS in a proportion determined by the protocol's collateral ratio.
Published audits
www.certik.org/projects/fraxfinance