Frax Finance

Frax Finance is a pioneering company in the cryptocurrency space, known for creating the fractional stablecoin and the first crypto-native Consumer Price Index, referred to as the Frax Price Index (FPI). The company has developed a unique fractional cryptocurrency protocol aimed at providing highly scalable and decentralized monetary solutions as an alternative to fixed-supply digital assets. Its stablecoins are designed to be partially backed by collateral and partially stabilized through algorithmic mechanisms. This structure allows users to access an open-source, permissionless stablecoin that operates on the Ethereum platform, facilitating greater flexibility and adaptability in the digital financial landscape.