FraxFRAX
Stablecoin Protocol$2.05
-23.39%
Frax Finance ¤⛓️¤
@Frax Finance ¤⛓️¤Followers101.24 K
Following329
Influence Index1.26 K
Details
24h High$2.68
24h Turnover$66.24K
All-Time High(ATH)$1.14
All-Time Low (ATL)$0.8745
Market Cap / Fully Diluted Valuation
+38.68%Fully Diluted Valuation (FDV)
$647.03M24h Low$1.86
Market Cap
$647.03MCirculating Supply
314.40M FRAXTotal Supply
314.40M FRAXMax Supply
812.64M FRAXMarket SentimentPositive
Supported Exchanges
+33
+33Related News
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Founded
2019
Community
Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.
Team Members
Sam KazemianFounder
Travis MooreCo-Founder & Chief Technology Officer
BitkevinBD
Vince DowdleVP of Strategic Initiatives & Alliances
Nader Ghazvini Head of Governance & Core Team Member
Investors
Dragonfly
Electric Capital
Robot Ventures
Crypto.com Capital
Balaji Srinivasan
Stani KulechovFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Strategic | -- | -- | 2021-07-15 |  Dragonfly* Electric Capital+ 4 |
