FRAX is the first fractional-algorithmic stablecoin that is partially collateralized by USDC stablecoins and FXS governance tokens.

FRAX

Frax (Moonbeam)

$1.00

Risk Rating

Watch Out

Blockchain

* [Source Code](https://github.com/fraxfinance/frax-solidity) 
* [Community](https://etherscan.io/token/0x853d955acef822db058eb8505911ed77f175b99e) 
* [Website](https://frax.finance) 
* [Discord](https://discord.gg/MTZu6Hf57d) 
* [Twitter](https://twitter.com/fraxfinance) 
* [Telegram](https://t.me/fraxfinance) 
* Asset Type: ERC-20

Info

* Market Cap: $648M 
* Fully Diluted Valluation: $648M 
* FDV / MC: 1 
* Ranking inside Exponential (among stables): #5 
* Circulating Supply: 649,434,271 
* Total Supply: 649,434,271 
* Volume (24H): $47.7M 
* ATH: $1.14 (02/07/2021) 
* ATL: $0.87 (03/11/2023)

Key Metrics

Information

Frax (Moonbeam) 0x322E86852e492a7Ee17f28a78c663da38FB33bfb FRAX is the first fractional-algorithmic stablecoin that is partially collateralized by USDC stablecoins and FXS governance tokens.

FRAX Pools

**FRAX** is a mid-cap undercollateralized asset. This asset is exposed to the underlying risks of Frax, a protocol rated as Watch out. 

**FRAX** is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

Asset Strength

yellow

**FRAX** has an uncapped supply but has inflation control or burn mechanisms in place. FRAX is exposed to death spiral risk as its price depends on another asset, thus creating negative feedback loops.