Frax
Frax (FRAX) is the first stablecoin protocol with a hybrid algorithm. Frax is open source, permissionless, and entirely on-chain — currently deployed on Ethereum (and possibly cross-chain in the future). The Frax Finance governance token rose more than 10 times last year and is one of the most successful algorithmic stablecoin projects in the market.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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