Frax Finance

Frax Finance is a pioneering entity in the cryptocurrency space, known for developing the fractional stablecoin and the Frax Price Index (FPI), the first crypto-native consumer price index. The company focuses on creating a decentralized monetary system that offers a scalable alternative to fixed-supply digital assets. Its protocol allows for the issuance of stablecoins that are partially backed by collateral and partially stabilized through algorithms. This approach provides users with an open-source and permissionless stablecoin, which operates on the Ethereum platform. Frax Finance aims to enhance the functionalities of digital currencies while ensuring stability and accessibility in the decentralized finance ecosystem.