Frax Finance unveils documentation for dollar-pegged stablecoin
The community of Frax Finance, a decentralized finance protocol, has announced its unveiling of FRAX v3, a stablecoin pegged to the U.S. dollar. The stablecoin employs AMO smart contracts and permissionless, non-custodial subprotocols to maintain its stability. Official documentation now live In a post updated 3 days ago, Frax Finance has released the official documentation for FRAX v3, a stablecoin designed to maintain its value through the use of AMO smart contracts and permissionless, non-custodial subprotocols. Among these subprotocols, Fraxlend, a decentralized lending market, and Fraxswap, an automated market maker with distinctive attributes, act as internal stability mechanisms, while the external subprotocol, Curve, enhances the coin’s stability by pegging it to the U.S. dollar. You might also like: Stablecoin market cap down 35% 18 months after Terra collapse To ensure the stability of the FRAX stablecoin , the documentation highlights that ...