What Is the Frax Protocol? Frax Finance, Frax Share How Many FRAX and FXS, FRAX token скачать в хорошем качестве

What Is the Frax Protocol? Frax Finance, Frax Share How Many FRAX and FXS, FRAX token

00:00 What Is the Frax Protocol (FRAX)? The Frax Protocol is a groundbreaking system for creating stablecoins that uniquely combines fractional collateral with algorithmic stability. It's open-source, decentralized, and operates entirely on the blockchain, currently on Ethereum with the potential for cross-chain expansion. The ultimate aim of the Frax protocol is to offer a highly scalable, decentralized, algorithmic currency as an alternative to fixed-supply digital assets like BTC. 00:35 This innovative protocol encompasses the following key concepts: Fractional-Algorithmic: Frax stands out as a stablecoin with some of its supply backed by collateral and other parts generated algorithmically. The balance between collateralization and algorithmic generation is determined by the market's valuation of the FRAX stablecoin. When FRAX trades above $1, the protocol reduces collateralization, and when it's below $1, it increases collateralization. 01:10 Decentralized & Governance-Minimized: The protocol operates autonomously, with minimal governance intervention, allowing the community to govern its operations. Fully On-Chain Oracles: Frax v1 relies on Uniswap and Chainlink oracles to determine time-weighted average prices for ETH, USDT, USDC, and the USD price. Two Tokens: FRAX is the stablecoin designed to maintain a tight peg to $1 per coin. Frax Shares (FXS) is the governance token that accrues fees, seigniorage revenue, and excess collateral value. Before Frax, stablecoins were categorized into fiat-collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax introduced a new, fourth category, known as fractional-algorithmic, making it a pioneering addition to the stablecoin landscape. 02:09 How Many FRAX and FXS Coins Are There in Circulation? The FRAX stablecoin's supply is dynamic, constantly adjusting to maintain its $1 price target, thanks to its fractional-algorithmic monetary policy. In contrast, the supply of Frax Shares (FXS) is capped at 100 million tokens at genesis, with no scheduled inflation in the protocol. FXS serves as both an investment and governance asset, while FRAX is the currency token. 02:42 What Makes Frax Unique? Frax is a community-driven and uniquely designed stablecoin. Over 60% of the FXS supply is distributed over several years to liquidity providers and yield farmers. It's a fully decentralized protocol with on-chain governance. At its launch in November 2020, it became the first and only stablecoin to feature a fractional-algorithmic hybrid design, setting it apart from the competition. 03:11 Who Are the Founders of the Frax Protocol? The Frax Protocol was conceived by American software developer Sam Kazemian in 2019. The core engineering team behind Frax includes Travis Moore and Jason Huan. Sam Kazemian developed the idea when he noticed the rapid growth of stablecoins but found none that combined algorithmic monetary policy with collateralization effectively. Frax was created as a response to gauge the market's confidence in a partially algorithmic and partially collateralized stablecoin. 03:49 Where Can I Buy or Obtain FRAX and FXS? FRAX, the stablecoin, is available on numerous major exchanges and DeFi platforms, including Uniswap and various DEXes. Frax Shares (FXS) tokens are equally accessible and liquid. If you're interested in gaining exposure to the world's first fractional-algorithmic stablecoin and governance rights, you should consider acquiring Frax Shares (FXS). On the other hand, if you're seeking stability through the world's only fractional-algorithmic stablecoin, you should acquire FRAX. --------------------------------------- My chanel @cryptofanatic What Is Zcash (ZEC coin)?    • What Is Zcash (ZEC coin)?! Founders of Zca...   What Is BitTorrent (BTT) coin!?    • What Is BitTorrent (BTT) coin!?   What Is Curve crypto?    • What Is Curve crypto? CRV token? Curve Fin...   What Is PEPE coin?    • What Is PEPE Memecoin? Who Are the Founder...   #cryptocurrency #frax #fxstoken