FAQ

Why use a fractional stablecoin?

TLDR: capital efficiency, as well as decentralization.

How many chains is FRAX on?

FRAX the stablecoin is on over 20 different chains. Ethereum, Fraxtal, and Arbitrum are the largest. FXS, FPI, frxETH, sfrxETH, and sFRAX are also on many of these chains.

When was FRAX launched?

The FRAX token was launched December 20th, 2020 by Sam Kazemian, Travis Moore, and Jason Huan.

What is the relationship between FRAX and Everipedia / IQ.wiki?

Frax founders Sam Kazemian and Travis Moore (along with Theodor "Ted" Forselius and Mahbod Moghadam) created Everipedia (now IQ.wiki) in December 2014. Sam and Travis remain as advisors, but the company is now primarily led by Ted Forselius, Navin Vethanayagam, and Cesar Rodriguez.

How big is the Frax Team?

As of 11/8/2024, 13 team members.

Why does the Frax ecosystem have so many tokens and sub-projects?

The purpose of sub-projects like Fraxlend and Fraxswap is to ultimately generate utility for FRAX ecosystem tokens (like FXS, sFRAX, frxETH/sfrxETH) and stabilize / collateralize the FRAX peg. The goal was never to compete with larger competitors (e.g. Aave for Fraxlend, Uniswap for Fraxswap).