Frequently asked questions
What is Frax?
Legacy Frax Dollar (FRAX) on Polygon is a decentralized, multi-chain stablecoin that aims to maintain a stable value relative to the US Dollar by employing a hybrid stability mechanism combining collateral backing with algorithmic supply adjustments. It functions as a core liquidity pillar within the Frax Finance ecosystem, supporting lending, swapping, and serving as a reference asset for Algorithmic Market Operations (AMOs) on the Polygon network.
What chain is Frax on?
Frax is on Polygon.
How many holders does Frax have?
Frax has 45,621 holders.
What is the current price of Frax?
The current price of Frax is $0.99.
What is the TokenGems score of Frax?
The TokenGems score of Frax is 50. A 0–100 quality rating computed from price performance, holder distribution, trading volume, and community activity.