The FRAX stablecoin is issued by the decentralized lending platform Frax Finance. Fractional collateral reserves are used by Frax Finance's algorithm to maintain the value of FRAX. On Frax Finance, the accepted collateral (such as stablecoins) and the governance token (FXS) are both used as collateral. Based on its pricing, the collateralization ratio for FRAX fluctuates. FXS is an Ethereum network-based ERC-20 token. Its main applications are liquidity incentives, minting, staking, and redeeming FRAX, as well as governance. FXS can be locked in vote-escrowed FXS ("veFXS"), where the voting power increases the longer a token is locked, to take part in the governance of Frax Finance.Learn More
The Information on the Engiven website is provided for educational & informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.