Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
Anchor Protocol enables users to deposit Terra stablecoins to earn a reliable yield, leveraging the block rewards generated by prominent proof-of-stake blockchains. With features like immediate settlements, minimal transaction fees, and effortless cross-border exchanges, Terra stablecoins are favored by countless users and businesses alike. Meanwhile, Mirror Protocol facilitates the creation of fungible synthetic assets that mirror the value of real-world assets. These synthetic assets are designed to serve as essential components in smart contracts, effectively integrating global assets into the blockchain ecosystem. Developers can create smart contracts using programming languages such as Rust, Go, or AssemblyScript, and operate across multiple chains interconnected via the Cosmos Inter-Blockchain Communication (IBC) protocol. Terra stablecoins, on-chain swaps, and Layer 1 oracles function as foundational elements within this framework. This setup enables decentralized applications (dApps) to access Terra's payment solutions in an open manner. Terra's vision is to extend the accessibility of its stablecoins to every developer across various blockchain platforms. Currently operational on Ethereum and Solana, the platform is set to expand its reach to additional networks in the near future. This expansion reflects Terra's commitment to enhancing the blockchain ecosystem for all participants.
API Access
Has API
No
API Access
Has API
No
Integrations
Risk Harbor
Yes
Arbitrum
Yes
Binance
Yes
Bitget Wallet
No
Canton
Yes
CoinEx
Yes
Curve Finance
Yes
Gate.io
Yes
HitBTC
Yes
MEXC
Yes
Integrations
Risk Harbor
Yes
Arbitrum
No
Binance
No
Bitget Wallet
Yes
Canton
No
CoinEx
No
Curve Finance
No
Gate.io
No
HitBTC
No
MEXC
No
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
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Frax
Founded
2019
Country
Cayman Islands
Website
frax.finance/
Vendor Details
Company Name
Terra
Website
www.terra.money