Frax company info

What does Frax do?
Frax Finance (CRYPTO:FRAX) is a decentralized finance (DeFi) platform that offers a variety of products and services, including stablecoins, lending markets, and a decentralized exchange. The platform's goal is to create a self-sufficient DeFi economy that utilizes stablecoins as currency. Frax Finance's flagship product is the Frax stablecoin, which is a crypto-collateralized stablecoin pegged to the US dollar. Frax also offers a variety of other stablecoins, including the FPI stablecoin, which is pegged to a basket of consumer goods. In addition to its stablecoins, Frax Finance also offers a lending platform called Fraxlend and a decentralized exchange called Fraxswap. Fraxlend allows users to lend and borrow crypto assets, while Fraxswap allows users to trade crypto assets in a decentralized manner. Frax Finance is governed by two tokens: Frax Share (FXS) and Frax Price Index Share (FPIS). FXS holders can stake their tokens to earn rewards and participate in governance. FPIS holders can stake their tokens to uniquely govern the FPI stablecoin's novel CPI peg properties. Overall, Frax Finance is a comprehensive DeFi platform that offers a variety of products and services. The platform's goal is to create a self-sufficient DeFi economy that utilizes stablecoins as currency.
Frax company media
Company Snapshot

How many people does Frax employ?

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Employees
50+

What is the market cap for Frax?

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Market Cap
$648.18M

Where is the head office for Frax?

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Head Office
Grand Cayman

What year was Frax founded?

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Year Founded
2020
What does Frax specialise in?
/Arbitrum Ecosystem /Avalanche Ecosystem /DeFi /Fantom Ecosystem /Lending & Borrowing /Moonriver Ecosystem /Polygon Ecosystem /Seigniorage /Stablecoin /USD Stablecoin /Yield Farming

What are the products and/or services of Frax?

Overview of Frax offerings
Frax Assurance pools: Frax Assurance pools provide insurance against losses due to price slippage or smart contract failure.
Frax Price Index (FPI) stablecoin: FPI is a stablecoin pegged to a basket of consumer goods, which allows it to maintain its value even during periods of high inflation.
Frax Shares (FXS) and Frax Price Index Shares (FPIS) governance tokens: FXS and FPIS holders can stake their tokens to earn rewards and participate in the governance of the Frax Finance protocol.
Frax stablecoin: Frax is a crypto-collateralized stablecoin pegged to the US dollar. It is designed to be a decentralized alternative to traditional fiat currencies.
Fraxlend lending platform: Fraxlend allows users to lend and borrow crypto assets, including Frax and FPI stablecoins.
Fraxswap decentralized exchange: Fraxswap allows users to trade crypto assets in a decentralized manner.