To Study:
📚Resources
📰Articles/Videos
Twitter Threads
TLDR;
- FRAX is a decentralized stablecoin that is semi-collateralized by USDC and algorithmically backed by its seignorage share, Frax Shares (FXS).
- Frax attempts to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money.