FAQ
Last updated
Was this helpful?
Last updated
Was this helpful?
TLDR: capital efficiency, as well as decentralization.
As of 11/8/2024, 13 team members.
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).
FRAX the stablecoin is on over 20 different . Ethereum, Fraxtal, and Arbitrum are the largest. FXS, FPI, frxETH, sfrxETH, and sFRAX are also on many of these chains.
The FRAX token was launched December 20th, 2020 by , , and .
Frax founders Sam Kazemian and Travis Moore (along with and ) created (now IQ.wiki) in December 2014. Sam and Travis remain as advisors, but the company is now primarily led by Ted Forselius, , and .