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FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered
Maintain purchasing power with the first stablecoin backed by tokenized, yield-generating real estate.
Clearpool is a decentralized marketplace for unsecured institutional capital. It allows institutions to borrow funds from a decentralized network of lenders without the need for collateral.
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Veri: DefiLlama