Frax (Moonriver)
FRAX
FRAX is the first fractional-algorithmic stablecoin that is partially collateralized by USDC stablecoins and FXS governance tokens.
Risk Rating
Watch Out
$1.00
0.14%
What is Frax (Moonriver)?
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Information
Blockchain
- Moonriver
Key Metrics
- Market Cap: $646.6M
- Fully Diluted Valluation: $646.6M
- FDV / MC: 1
- Ranking inside Exponential (among stables): #6
- Circulating Supply: 649,433,438
- Total Supply: 649,433,438
- Volume (24H): $34.9M
- ATH: $1.14 (02/07/2021)
- ATL: $0.87 (03/11/2023)
Risk Assessment
Watch Out
Asset Strength
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.
Dependencies
Asset Tokenomics
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.
Things to know about FRAX