Frax DAO dao
Overview
The Frax DAO oversees Frax Finance, a decentralized stablecoin protocol managed by token holders. According to its documentation, the ecosystem issues three stablecoins: FRAX, FPI, and frxETH, along with other tokens and subprotocols such as Frax Bonds (FXB). These bonds are zero-coupon-style tokens sold at a discount below 1 FRAX and redeemable for 1 FRAX upon maturity. The FXS token serves as the base-layer governance asset, accruing fees, revenue, and excess collateral value; locking FXS creates veFXS, which grants voting rights and farming enhancements. Additionally, Frax runs Fraxtal, a modular layer-2 chain built on Optimism technology, which uses frxETH as its gas token.
Within The Counterparty graph, Frax DAO connects to 2 tracked entities, most strongly to Frax Finance, Frax Share (FXS).
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
governs | Frax Finance | 95% |
supports_token | Frax Share (FXS) | 95% |
Frequently asked questions
What is Frax DAO?
Frax DAO is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Frax Finance, Frax Share (FXS).
What type of entity is Frax DAO?
Frax DAO is classified as a stablecoin (dao) in The Counterparty knowledge graph.
What is Frax DAO connected to?
In The Counterparty knowledge graph, Frax DAO is linked to 2 other tracked entities, most strongly to Frax Finance, Frax Share (FXS).
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.