Legacy Frax Dollar1H
0.01%
7D
0.11%
30D
-0.1%
60D
0.08%
90D
0.09%
Low:-
High:-
1H
7D
30D
60D
90D

0x853d...75b99e
Market CapN/A
N/A
N/A
N/A
The live price of Legacy Frax Dollar is at 0.9931 with 24 hours volume of 810,574.28. The chart above shows is currently by -0.01% in the past hour and 0.01% by since yesterday. The total circulating supply of Legacy Frax Dollar token is 275,935,184.01
Over the last 24 hours, Legacy Frax Dollar token experienced trading activity amounting to 810,574.28. The decentralized exchange (DEX) volume accounted for 0.020, while centralized exchanges (CEX) stood at 810,574.28.
Legacy Frax Dollar (FRAX) token reached an all-time high of 2.19 on and an all-time low of 0.7804 on .
Dropping -54.69% from its ATH is a significant retracement, yet a rise of 27.26% from its ATL projects robust recovery.
Sell
Neutral
Buy
Sell
Neutral
Buy
Sell
Neutral
Buy
Please wait data is Loading...
Pairs | Trust Score | |||
|---|---|---|---|---|
Frax (FRAX) is a stablecoin (meaning it is intended to be pegged to a fixed value like the US dollar) operating on a fractional-algorithmic model. It relies on algorithmic mechanisms that, when combined, keep FRAX stable, specifically, at a ratio of 1FRAX=1USD. The fractional-algorithmic model algorithmically manages FRAX's collateralization ratio, relying on a combination of crypto-collateralized reserves and algorithmic supply to maintain price stability over time. Frax was launched in December 2020 by Sam Kazemian, Travis Moore, and Jason Huam, and it was developed to function as a scalable and decentralized stablecoin.
Fractional-Algorithmic Model – The token itself combines collateral backing with algorithmic adjustments to stabilize the value of FRAX at $1.
Decentralized Governance – The decentralized governance model - governed by holders of Frax Shares (FXS) - allows the community to introduce changes to the protocol (governance) and receive the value of the protocol's growth based on their participation in governance.
Dual-Token System:
FRAX – A stablecoin pegged to the US dollar.
FXS (Frax Shares) – A governance token that collects value from gas fees and growth within the system.
Price Stability Mechanism - uses an average price feed within the following systems of oracles such as Uniswap and Chainlink (to monitor the price peg and issue corresponding changes: buybacks/sells, etc.).
(a) FRAX - A stablecoin operating on a fractional-algorithmic model that utilizes both collateralized reserves and algorithmic mechanisms to address price stability, implementation/enforcement of price peg = to $1 (retention of target value).
(b) FPI (Frax Price Index): is a stablecoin that maintains its value by tracking the Consumer Price Index (CPI) rather than being pegged to traditional fiat currency
(c) frxETH - A liquid staking token, designed to be an alternative to wrapped Ethereum (WETH).
Fraxlend is a decentralized lending platform through permissionless borrowing and lending with FRAX and other assets to increase capital efficiency.
This is a decentralized exchange (DEX) specifically optimized for trading and liquidity provision; essentially acting as an agnostic platform for FRAX-related assets to be swapped seamlessly.
Frax Finance utilizes a systematic multi-token system, each token serves a different purpose within its stablecoin and broader DeFi ecosystem.
FRAX (Frax Stablecoin) -offers a fractional-algorithmic stablecoin pegged to the US dollar, retaining stability from fees and growth through a combination of collateral backing and algorithmic supply.
FXS (Frax Shares) - the governance token and utility token of the Frax ecosystem, accruing value from fees, seigniorage, and excessive collateral, that allows the holders to participate as community-based members in governance initiatives.
FPI (Frax Price Index) - A stablecoin pegged to a basket of consumer goods (CPI) through a layer of stake and builds on the case for growing wealth and/or participating in investing capital.
frxETH (Frax Ether) - A liquid staking token, that acts as an alternative to wrapped Ethereum within DeFi (creative use of concepts during growth).
FRAX tokens can be found on multiple cryptocurrency exchanges. Some of the easiest ways to purchase FRAX tokens includes using any of these exchanges - Curve (on Ethereum), Uniswap V3 (on Ethereum), LATOKEN, THENA, Gate.io, or Sushiswap. On these exchanges, trades or purchases of FRAX can be done using pairs like FRAX/USDC, FRAX/USDT, or FRAX/WETH.
When it comes to selecting a wallet for Frax (FRAX), it’s important to think about security, accessibility, and compatibility with DeFi applications. Trust Wallet, Ledger, imToken, MetaMask, Torus, Coinbase, TokenPocket, and iToken Wallet all are considered great choices for storing and managing your FRAX Coins.
Live Token Dashboard & Analytics
Track this token’s real-time pricing, market indicators, supply metrics, exchange activity, and technical analysis insights. The dashboard presents accurate market dynamics to help evaluate performance. If the data is inaccurate, Notify us