Wu said that he learned that Frax Finance released the official document of FRAX v3. FRAX v3 is a stable currency pegged to the US dollar. It uses AMO (Asset Management Optimization) smart contracts and permissionless, non-custodial sub-protocols as a stabilization mechanism. The two internal sub-protocols of the mechanism are the lending market Fraxlend and the automated market maker Fraxswap, and the external sub-protocol used as the stabilization mechanism is Curve. FRAX v3…