Frax Airdrop
FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms a...
Risk Warning
- Do your own research (DYOR) - We do not verify or endorse Frax or any other project
- Never share your private keys, seed phrases, or passwords
- Be cautious of phishing links - always verify URLs independently
- No guarantees - Participation does not guarantee any rewards
About Frax
## About Frax FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered ### Category Algo-Stables ### Chains Ethereum ### Total Value Locked $98.68M ### Potential Airdrop This protocol may have a potential airdrop for early users. Interacting with Algo-Stables protocols early often qualifies users for future token distributions.
How to Participate
Visit https://frax.finance/ to interact with the protocol. Early users of DeFi protocols often qualify for airdrops.