FAQ
Last updated
Last updated
TLDR: capital efficiency, as well as decentralization.
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.
The FRAX token was launched December 20th, 2020 by Sam Kazemian, Travis Moore, and Jason Huan.
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.
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).