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.