Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

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

Anchor Protocol enables users to deposit Terra stablecoins to earn a reliable yield, leveraging the block rewards generated by prominent proof-of-stake blockchains. With features like immediate settlements, minimal transaction fees, and effortless cross-border exchanges, Terra stablecoins are favored by countless users and businesses alike. Meanwhile, Mirror Protocol facilitates the creation of fungible synthetic assets that mirror the value of real-world assets. These synthetic assets are designed to serve as essential components in smart contracts, effectively integrating global assets into the blockchain ecosystem. Developers can create smart contracts using programming languages such as Rust, Go, or AssemblyScript, and operate across multiple chains interconnected via the Cosmos Inter-Blockchain Communication (IBC) protocol. Terra stablecoins, on-chain swaps, and Layer 1 oracles function as foundational elements within this framework. This setup enables decentralized applications (dApps) to access Terra's payment solutions in an open manner. Terra's vision is to extend the accessibility of its stablecoins to every developer across various blockchain platforms. Currently operational on Ethereum and Solana, the platform is set to expand its reach to additional networks in the near future. This expansion reflects Terra's commitment to enhancing the blockchain ecosystem for all participants.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Risk Harbor Yes 
Avalanche Yes 
BNB Smart Chain (BSC) Yes 
Binance Yes 
Blockdaemon No 
CoinEx Yes 
Cryptio No 
DefiLlama No 
Exponential DeFi Yes 
Kado No 
Leap Wallet No 
Lido No 
Moonriver Yes 
Nansen Portfolio No 
Portal Bridge No 
Pylon No 
Uniswap Yes 
Yearn Yes 

Integrations

Risk Harbor Yes 
Avalanche No 
BNB Smart Chain (BSC) No 
Binance No 
Blockdaemon Yes 
CoinEx No 
Cryptio Yes 
DefiLlama Yes 
Exponential DeFi No 
Kado Yes 
Leap Wallet Yes 
Lido Yes 
Moonriver No 
Nansen Portfolio Yes 
Portal Bridge Yes 
Pylon Yes 
Uniswap No 
Yearn 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 No 
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

Terra

Website

www.terra.money

Alternatives

Alternatives

TrueFi Reviews

TrueFi

TrustToken
Kava Reviews

Kava

Kava Labs
Apricot Reviews

Apricot

Apricot Lend