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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.
Description
Snowbridge serves as a decentralized and trustless bridge connecting Polkadot and Ethereum networks. Originating from a team of distinguished developers, designers, and product managers, Snowfork functions as a research and development agency, leveraging their extensive experience in collaborative projects. Our mission is to assemble proficient teams from around the globe to expedite businesses in achieving their essential objectives. We engage with various technologies and frameworks, specializing in full-stack distributed systems development, while also pursuing research and development in cutting-edge technologies such as artificial intelligence and innovative interactive media, ensuring we remain at the forefront of technological advancement. A trustless system is characterized by the end-user's ability to operate without needing to place trust in any individual or group of participants, as their funds and functional expectations are safeguarded solely by the underlying protocols, mathematics, cryptography, code, and economic principles. By fostering a commitment to these foundational elements, we aim to enhance user confidence and system reliability.
API Access
Has API
No
API Access
Has API
Yes
Integrations
Aave
Yes
Arbitrum
Yes
Binance
Yes
Crypto.com
Yes
Exponential DeFi
Yes
HitBTC
Yes
MEXC
Yes
Matcha
Yes
MetaMask
Yes
Moonriver
Yes
Integrations
Aave
No
Arbitrum
No
Binance
No
Crypto.com
No
Exponential DeFi
No
HitBTC
No
MEXC
No
Matcha
No
MetaMask
No
Moonriver
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
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)
Yes
In Person
No
Vendor Details
Company Name
Frax
Founded
2019
Country
Cayman Islands
Website
frax.finance/
Vendor Details
Company Name
Snowbridge
Founded
2020
Website
app.snowbridge.network/
