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A stablecoin protocol that originally used a fractional reserve model, partially backed by collateral and partially by its algorithm.
Definition
A stablecoin protocol that originally used a fractional reserve model, partially backed by collateral and partially by its algorithm. Frax later moved to full collateralization. The ecosystem includes frxETH for liquid staking and Fraxlend for lending.
Related Terms
A cryptocurrency designed to maintain a stable value, usually pegged to the US dollar.
A stablecoin that maintains its peg through algorithms and smart contracts rather than holding actual reserves.
Staking your crypto while still being able to use it in DeFi through a receipt token.
A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.
One of the biggest lending and borrowing protocols in DeFi.
A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.
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