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.
Recent Legacy Frax Dollar news
See all →No recent Legacy Frax Dollar stories from tracked publishers in the last 30 days. Follow the hub for new coverage as it lands.
More Arbitrum Ecosystem assets
See all →
A DeFi protocol issuing the overcollateralized stablecoin USDS
RAIN is the native utility and governance token for the Rain Protocol, a decentralized options and prediction market pla…
Decentralized oracle network
Decentralized automated market maker protocol
Synthetic dollar protocol issuing USDe
PayPal USD (PYUSD) is a US dollar-denominated stablecoin designed to bridge traditional finance with blockchain technolo…
Ondo US Dollar Yield (USDY) is a tokenized note secured by short-term US Treasuries and bank demand deposits. It is a se…
Decentralized non-custodial lending protocol