Frax Finance recently released the official documentation of FRAX v3. FRAX v3 is a USD-pegged stablecoin that uses AMO (Algorithmic Market Operation Controller) smart contracts and permissionless, non-custodial sub-protocols as the stabilization mechanism. Among them, the internal sub-protocols include the decentralized lending market Fraxlend and the automated market maker (AMM) Fraxswap with special functions, while the external sub-protocol is Curve.
Since version v3, the Frax protocol attempts to maintain collateralization of all FRAX stablecoins to at least 100% via AMO smart contracts and specific real-world assets held by partner entities approved by the Frax Governance module. Previously, Frax Finance had proposed launching an income-generating sFRAX token with a target annual yield of 5.4%. For more cryptocurrency market dynamics, please follow TokenInsight related platforms.
Since version v3, the Frax protocol attempts to maintain collateralization of all FRAX stablecoins to at least 100% via AMO smart contracts and specific real-world assets held by partner entities approved by the Frax Governance module. Previously, Frax Finance had proposed launching an income-generating sFRAX token with a target annual yield of 5.4%. For more cryptocurrency market dynamics, please follow TokenInsight related platforms.