Protocol Update - Frax Finance
Level 5 - Sonic Autist
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There have been a number of key product updates on the Frax front since our last update. We figured Frax would be a great place to start the recent reader request for protocol updates.
Frax Finance
Frax Finance’s first product was FRAX, the fractional algorithmic stablecoin.
FRAX is backed by an algorithmically-controlled blend of USDC and s…