{"id":54676,"date":"2025-10-20T21:00:01","date_gmt":"2025-10-20T18:00:01","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=54676"},"modified":"2025-10-20T18:14:25","modified_gmt":"2025-10-20T15:14:25","slug":"what-is-frax-frax","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/","title":{"rendered":"What is Frax (FRAX)?"},"content":{"rendered":"<p dir=\"ltr\"><a href=\"https:\/\/coinengineer.net\/blog\/what-is-legacy-frax-dollar-frax\/\"><strong>Frax<\/strong> <\/a>is a pioneering decentralized finance (<strong>DeFi<\/strong>) platform that blends innovative stablecoins with a robust protocol ecosystem. It offers three distinct stablecoins\u2014<a href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-usd-frxusd\/\"><strong>frxUSD<\/strong><\/a>, FPI, and frxETH\u2014alongside various non-stablecoin tokens. Integrated with multiple subprotocols, Frax ensures stability and usability, delivering a modular and versatile system tailored to the needs of users and protocols. This article delves into what Frax is, how it operates, its tokenomics, and the opportunities it provides.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#What_is_Frax_FRAX\" title=\"What is Frax (FRAX)?\">What is Frax (FRAX)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Purpose_of_Frax\" title=\"Purpose of Frax\">Purpose of Frax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#How_Does_Frax_Work\" title=\"How Does Frax Work?\">How Does Frax Work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Stablecoins\" title=\"Stablecoins\">Stablecoins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Subprotocols\" title=\"Subprotocols\">Subprotocols<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Use_Cases\" title=\"Use Cases\">Use Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Advantages\" title=\"Advantages\">Advantages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Risks\" title=\"Risks\">Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Frax_Tokenomics\" title=\"Frax Tokenomics\">Frax Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Frax_Investors\" title=\"Frax Investors\">Frax Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Frax_Team\" title=\"Frax Team\">Frax Team<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"What_is_Frax_FRAX\"><\/span>What is Frax (FRAX)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Frax is a comprehensive DeFi platform that combines stablecoins and subprotocols to create a dynamic financial ecosystem. It currently issues three stablecoins: frxUSD (pegged to USD), FPI (the Frax Price Index stablecoin, tied to a basket of consumer goods), and frxETH (a liquid staking derivative pegged to ETH). The Frax ecosystem also includes subprotocols like Fraxswap, Fraxlend, and BAMM (Borrow AMM), as well as Fraxtal, a Layer 2 (L2) blockchain. Frax leverages Algorithmic Market Operations (AMOs) to manage protocol-owned liquidity (POL), with the FRAX token serving as the native gas token for Fraxtal. Backed by $1.21 million in funding, Frax is supported by a vibrant community.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinmuhendisi.com\/blog\/legacy-frax-dollar-frax-nedir\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177565 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/frax-1.png\" alt=\"\" width=\"1349\" height=\"313\" \/><\/a><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Purpose_of_Frax\"><\/span>Purpose of Frax<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Project aims to deliver decentralized financial solutions through stablecoins and DeFi protocols. It enables users to conduct secure, transparent, and efficient transactions. frxUSD provides a stable fiat-backed asset, FPI establishes an independent unit of account, and frxETH simplifies Ethereum staking for yield generation. Fraxtal offers low-cost transactions and rapid scalability. Frax fosters a community-driven ecosystem that encourages value creation and sharing for both users and protocols.<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"How_Does_Frax_Work\"><\/span>How Does Frax Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Project operates as a multi-layered ecosystem, integrating stablecoins and subprotocols to address diverse financial needs. Each component is designed to work seamlessly together. Here are the key elements:<\/p>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Stablecoins\"><\/span>Stablecoins<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">frxUSD: A 1:1 USD-pegged, fully collateralized stablecoin backed by tokenized U.S. Treasury funds (e.g., BlackRock BUIDL, Superstate USTB). Managed by Frax Inc under Frax DAO delegation, it ensures 1:1 reserves with regulated custodians, handling custody, KYC\/KYB compliance, and fiat redemptions.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">FPI: The first stablecoin pegged to a consumer goods basket, offering a unit of account independent of national currencies.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">frxETH: A liquid staking derivative pegged to ETH. Its counterpart, sfrxETH, accrues staking rewards. frxETH V2 supports anonymous validator pools.<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Subprotocols\"><\/span>Subprotocols<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Fraxswap: A Uniswap V2-based AMM with a time-weighted average market maker (TWAMM) feature, used for collateral rebalancing, stablecoin supply management, and liquidity deployment.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">BAMM (Borrow AMM): A borrowing\/lending module built on Fraxswap, requiring no external oracles or liquidity. Borrowers remain solvent during high volatility.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Fraxlend: A permissionless lending market enabling isolated pair-based borrowing and collateral onboarding. Maximum loan-to-value (LTV) ratios are community-determined.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">AMOs \/ POL: Algorithmic Market Operations manage collateral and generate revenue, including Fraxlend AMO, Curve AMO, and Uniswap V3 AMO.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Fraxtal: An Optimism-based L2 chain using its token as its gas token. Users earn FXTL points through gas spending and pool farming.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Frax Bonds (FXB): Zero-coupon bond-like tokens convertible to LFRAX at maturity, aiding peg stabilization.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">sfrxUSD: An ERC4626-based yielding stablecoin that distributes weekly protocol yields, selecting the best strategy (carry-trade, AMO, or IORB\/T-Bill).<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">veFRAX: Locking FRAX tokens grants voting power and enhanced farming weights.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Transaction Process:<\/p>\n<ol class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Users deposit fiat or collateral for frxUSD, minted via custodians.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Staking in sfrxUSD yields returns.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Fraxswap or Fraxlend facilitates liquidity provision or borrowing.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">FXBs are purchased at a discount and redeemed for LFRAX at maturity.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Transactions on Fraxtal using FRAX earn FXTL points.<\/p>\n<\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177567 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/frax-2-1.png\" alt=\"\" width=\"1349\" height=\"531\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Use_Cases\"><\/span>Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Project supports:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Stablecoin Transactions: frxUSD, FPI, and frxETH for payments, savings, or DeFi operations.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Yield Generation: sfrxUSD and sfrxETH for staking returns.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Borrowing\/Lending: Fraxlend and BAMM for collateral-based transactions.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Liquidity Provision: AMM pools on Fraxswap.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Governance: veFRAX for protocol decision-making.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Fraxtal: Low-cost L2 transactions and FXTL rewards.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Usage Steps:<\/p>\n<ol class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Connect a wallet to the Frax platform.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Acquire frxUSD, FPI, or frxETH.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Engage with Fraxswap, Fraxlend, or BAMM.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Stake sfrxUSD\/sfrxETH or purchase FXBs.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Transact on Fraxtal to earn FXTL points.<\/p>\n<\/li>\n<\/ol>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Advantages\"><\/span>Advantages<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Stability: Fully collateralized stablecoins.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Yield: Competitive APY via sfrxUSD and sfrxETH.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Permissionless Access: Fraxswap and Fraxlend allow open participation.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Modularity: Fraxtal enables low-cost transactions.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Community-Driven: veFRAX and FXTL incentivize engagement.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Risks\"><\/span>Risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Market Risk: Stablecoin peg fluctuations.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Technical Risk: Smart contract vulnerabilities.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Regulatory Risk: Legal challenges for fiat-backed stablecoins.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Volatility: Market dependency for frxETH and FXBs.<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177568 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/frax-3-1.png\" alt=\"\" width=\"532\" height=\"330\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Frax_Tokenomics\"><\/span>Frax Tokenomics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Maximum Supply: 99.68 million FRAX.<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Distribution:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Community: 64.89%<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Team\/Founders\/Early Members: 20.06%<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Accredited Private Investors: 12.04%<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Strategic Advisors\/External Early Contributors: 3.01%<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177562 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/frax-tokenomics.png\" alt=\"\" width=\"800\" height=\"168\" \/><\/p>\n<p dir=\"ltr\">Emission Schedule:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Initial 8% annual inflation (FIP-428), decreasing 1% yearly, stabilizing at 3% after 6 years.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Emissions fund community initiatives, Fraxtal growth, team expansion, and DAO treasury.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Frax Burn Engine (FBE) reduces supply by burning FRAX tokens (e.g., via FNS Registrar, Fraxtal EIP1559 fees).<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Cross-Chain Strategy:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">OFT (Omnichain Fungible Token): frxUSD, sfrxUSD, frxETH, sfrxETH, WFRAX, and FPI are transferable via LayerZero.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Dual-Lockbox: Liquidity exits on Fraxtal and Ethereum.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Hub Model: Fraxtal-centric \u201cHop\u201d contracts streamline bridging.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">WFRAX vs. FXS: WFRAX is the LayerZero OFT; FXS is the legacy Ethereum version.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Frax_Investors\"><\/span>Frax Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Project raised $1.21 million from investors including Ascensive Assets, Crypto.com Capital, Arbitrum Foundation, A195 Capital, Fairum Ventures, and DeltaHub Capital.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177563 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/frax.png\" alt=\"\" width=\"480\" height=\"297\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Frax_Team\"><\/span>Frax Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">The team, led by Sam Kazemian, includes Stephen Moore, Jason Huan, Travis Moore, and James Alston. Under Kazemian\u2019s guidance, the team focuses on DeFi and stablecoin innovation.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177564 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/frax-team-1.png\" alt=\"\" width=\"946\" height=\"287\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/frax.com\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/fraxfinance\">X (Twitter)<\/a><\/li>\n<li><a href=\"https:\/\/docs.frax.com\/protocol\">Whitepaper<\/a><\/li>\n<\/ul>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"6953\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frax is a pioneering decentralized finance (DeFi) platform that blends innovative stablecoins with a robust protocol ecosystem. It offers three distinct stablecoins\u2014frxUSD, FPI, and frxETH\u2014alongside various non-stablecoin tokens. Integrated with multiple subprotocols, Frax ensures stability and usability, delivering a modular and versatile system tailored to the needs of users and protocols. This article delves into<\/p>\n","protected":false},"author":29,"featured_media":54685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,5],"tags":[93,24861,24862,205,24916],"class_list":["post-54676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-projects","category-project-review","tag-defi","tag-frax-coin","tag-frax-token","tag-tokenomics","tag-what-is-frax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Frax (FRAX)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Frax is a pioneering decentralized finance (DeFi) platform that blends innovative stablecoins with a robust protocol ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-frax-frax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Frax (FRAX)? 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