Market Data
About Legacy Frax Dollar
FRAX is a fractional-algorithmic stablecoin designed to maintain a peg to the US Dollar. It is the first stablecoin to utilize a hybrid mechanism, being partially backed by collateral and partially stabilized algorithmically. Following the North Star Hardfork, the original token was renamed to Legacy Frax Dollar. The asset serves as a scalable, stable, and on-chain currency within the Frax Finance ecosystem, which also includes the Frax Shares (FXS) governance token.
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