Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

fractional-algorithmic stablecoin protocol


Is Frax (FRAX) a Viable Stabelcoin?

The protocol collateralizes FRAX by holding dollars. Hence, if FRAX trades above one dollar, the stability mechanism sells dollars until FRAX’s price falls to $1. Frax will use Uniswap and Chainlink USD price oracles to track and match the dollar’s price.  

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