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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

Snowbridge serves as a decentralized and trustless bridge connecting Polkadot and Ethereum networks. Originating from a team of distinguished developers, designers, and product managers, Snowfork functions as a research and development agency, leveraging their extensive experience in collaborative projects. Our mission is to assemble proficient teams from around the globe to expedite businesses in achieving their essential objectives. We engage with various technologies and frameworks, specializing in full-stack distributed systems development, while also pursuing research and development in cutting-edge technologies such as artificial intelligence and innovative interactive media, ensuring we remain at the forefront of technological advancement. A trustless system is characterized by the end-user's ability to operate without needing to place trust in any individual or group of participants, as their funds and functional expectations are safeguarded solely by the underlying protocols, mathematics, cryptography, code, and economic principles. By fostering a commitment to these foundational elements, we aim to enhance user confidence and system reliability.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Arbitrum
BNB Smart Chain (BSC)
Binance
Canton
CoinEx
Crypto.com
Curve Finance
Ethereum
Exponential DeFi
Fantom
Harmony
MetaMask
Moonriver
Polkadot
Polygon
Risk Harbor
SushiSwap
Uniswap
Yearn
vfat.tools

Integrations

Arbitrum
BNB Smart Chain (BSC)
Binance
Canton
CoinEx
Crypto.com
Curve Finance
Ethereum
Exponential DeFi
Fantom
Harmony
MetaMask
Moonriver
Polkadot
Polygon
Risk Harbor
SushiSwap
Uniswap
Yearn
vfat.tools

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Frax

Founded

2019

Country

Cayman Islands

Website

frax.finance/

Vendor Details

Company Name

Snowbridge

Founded

2020

Website

app.snowbridge.network/

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