February 25, 2022, 11:52AM EST
• 8 min read
Quick Take
- FRAX is a stablecoin that is partially collateralized and partially algorithmic with the use of Frax Shares (FXS) as the seigniorage token.
- Protocol-owned collateral is deployed into various DeFi protocols, and a portion of the profit flows to FXS stakers.
- Frax copied Curve’s playbook in implementing a vote locking mechanism that aligns the protocol’s interest with its loyal community members by incentivizing long-term FXS staking.
- 11
- 2022
- access
- Additional
- algorithmic
- article
- asset
- Banking
- CBDCs
- community
- company
- Container
- DeFi
- developing
- digital
- Digital Asset
- ecosystem
- Exclusive
- help
- HTTPS
- implementing
- Including
- interest
- Labels
- Maps
- Markets
- Members
- organizations
- Others
- piece
- Profiles
- Profit
- research
- Services
- Shares
- stablecoin
- Staking
- The Block
- together
- token
- Topics
- use
- various
- Vote