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Description

Frax operates as an open-source, permissionless protocol that is fully integrated on-chain, currently functioning on Ethereum and several other blockchain networks. The primary objective of the Frax protocol is to develop a highly scalable and decentralized form of algorithmic currency to replace fixed-supply digital assets such as Bitcoin. This innovative approach represents a significant shift in the design of stablecoins. While many existing stablecoin protocols have rigidly adhered to either being fully collateralized or entirely algorithmic without any backing, Frax introduces a hybrid model. Traditional collateralized stablecoins often face custodial risks or necessitate overcollateralization on-chain. In contrast, Frax uniquely combines both backed and algorithmic components in its supply, establishing itself as the first stablecoin to feature a portion of its supply as floating or unbacked. This duality not only enhances the stability of the currency but also paves the way for a more dynamic and adaptable financial ecosystem.

Description

Hop serves as an efficient and scalable bridge that facilitates the transfer of tokens across various rollups or sidechains, enabling users to move their assets almost instantaneously without enduring the typical challenge period associated with those networks. The system relies on market makers, known as Bonders, who provide liquidity at the target chain for a nominal fee, issuing hTokens that can later be exchanged for the corresponding native tokens through an Automated Market Maker (AMM). While the security of such protocols can be difficult to measure, the Hop development team has dedicated over a year to meticulously refining the protocol prior to its public launch. This team brings a wealth of experience in smart contract development, having previously served as auditors for renowned projects like Augur, OpenZeppelin, Decentraland, and DyDx. Additionally, they were instrumental in creating one of the pioneering smart contract wallets in the Ethereum ecosystem, known as Authereum, showcasing their commitment to innovation and security in the blockchain space. As a result, users can trust in both the technology and team behind Hop when utilizing its bridging capabilities.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Arbitrum Yes 
MetaMask Yes 
Polygon Yes 
Binance Yes 
Canton Yes 
Curve Finance Yes 
Ethereum No 
Exponential DeFi Yes 
Gate.io Yes 
Harmony Yes 
Matcha Yes 
Morpho Yes 
Optimism No 
SushiSwap Yes 
Uniswap Yes 
WalletLink No 
Yearn Yes 
vfat.tools Yes 

Integrations

Arbitrum Yes 
MetaMask Yes 
Polygon Yes 
Binance No 
Canton No 
Curve Finance No 
Ethereum Yes 
Exponential DeFi No 
Gate.io No 
Harmony No 
Matcha No 
Morpho No 
Optimism Yes 
SushiSwap No 
Uniswap No 
WalletLink Yes 
Yearn No 
vfat.tools No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Frax

Founded

2019

Country

Cayman Islands

Website

frax.finance/

Vendor Details

Company Name

Hop Exchange

Founded

2021

Website

hop.exchange/

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