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
Bridging the gap between traditional finance and the emerging realm of digital currencies is essential. While the internet has unified communication globally, the financial landscape has struggled to keep up, with outdated payment systems fraught with inefficiencies. The existing framework often feels like it’s held together by makeshift solutions, leading to slow and costly final settlements that lack true finality. These systemic flaws translate into higher fees and, in many cases, exclusion for those who can least afford it, disproportionately affecting the economically vulnerable. In stark contrast, a decentralized and trustless approach, exemplified by Bitcoin, revolutionizes financial accessibility by eliminating credit checks and monthly maintenance fees. Open, decentralized, and permissionless networks empower users to transfer funds globally in a matter of moments. Thus, we find ourselves navigating between traditional payment systems and innovative digital alternatives. The challenge lies in the transition from the old paradigm to the new, and tbDEX serves as a vital link between these two worlds. tbDEX operates as a decentralized, permissionless protocol designed to facilitate this crucial exchange. By adopting tbDEX, individuals can experience a seamless integration of legacy and digital financial systems, paving the way for a more inclusive future.
API Access
Has API
No
API Access
Has API
No
Integrations
Arbitrum
Yes
Avalanche
Yes
BNB Smart Chain (BSC)
Yes
Binance
Yes
CoinEx
Yes
Crypto.com
Yes
Curve Finance
Yes
Exponential DeFi
Yes
Gate.io
Yes
Harmony
Yes
Integrations
Arbitrum
No
Avalanche
No
BNB Smart Chain (BSC)
No
Binance
No
CoinEx
No
Crypto.com
No
Curve Finance
No
Exponential DeFi
No
Gate.io
No
Harmony
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
No
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
Frax
Founded
2019
Country
Cayman Islands
Website
frax.finance/
Vendor Details
Company Name
TBD
Founded
2021
Website
developer.tbd.website/projects/tbdex/