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Description

Fortress allows investors to engage in lending and borrowing cryptocurrencies by providing an overcollateralized amount of crypto to the platform. This system empowers investors to lend their assets while earning a compounded annual percentage yield (APY), funded by those who borrow. The platform operates using money markets, which are collections of assets that feature algorithmically determined interest rates that fluctuate based on supply and demand. Users can lend or borrow assets on Fortress and either gain or incur interest without the need to negotiate terms such as maturity dates, interest rates, or collateral with others. Additionally, Fortress enhances its offerings by introducing a synthetic stablecoin known as FAI, which further diversifies the financial opportunities available to its users. This innovative approach simplifies the lending and borrowing process, making it accessible and efficient for all participants.

Description

Frax operates as an open-source, permissionless protocol that is fully integrated on-chain, currently functioning on Ethereum and several other blockchain networks. The primary objective of the Frax protocol is to develop a highly scalable and decentralized form of algorithmic currency to replace fixed-supply digital assets such as Bitcoin. This innovative approach represents a significant shift in the design of stablecoins. While many existing stablecoin protocols have rigidly adhered to either being fully collateralized or entirely algorithmic without any backing, Frax introduces a hybrid model. Traditional collateralized stablecoins often face custodial risks or necessitate overcollateralization on-chain. In contrast, Frax uniquely combines both backed and algorithmic components in its supply, establishing itself as the first stablecoin to feature a portion of its supply as floating or unbacked. This duality not only enhances the stability of the currency but also paves the way for a more dynamic and adaptable financial ecosystem.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

BNB Smart Chain (BSC) Yes 
MetaMask Yes 
Polygon Yes 
Avalanche No 
Canton No 
CoinEx No 
Curve Finance No 
Exponential DeFi No 
Fantom No 
Harmony No 
MEXC No 
Matcha No 
Moonriver No 
Morpho No 
SushiSwap No 
Uniswap No 
Yearn No 
vfat.tools No 

Integrations

BNB Smart Chain (BSC) Yes 
MetaMask Yes 
Polygon Yes 
Avalanche Yes 
Canton Yes 
CoinEx Yes 
Curve Finance Yes 
Exponential DeFi Yes 
Fantom Yes 
Harmony Yes 
MEXC Yes 
Matcha Yes 
Moonriver Yes 
Morpho Yes 
SushiSwap Yes 
Uniswap Yes 
Yearn Yes 
vfat.tools Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Fortress Lending

Website

fortress.loans/

Vendor Details

Company Name

Frax

Founded

2019

Country

Cayman Islands

Website

frax.finance/

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