sFRAX represents a new development direction for stablecoins, providing an innovative solution for blockchain finance by combining the advantages of real-world assets and cryptocurrencies. It combines the flexibility of decentralized finance (DeFi) with the stability of traditional finance, aiming to provide users with stable investment returns and a high-quality asset allocation experience.
12/14/2023, 12:22:07 AM
This article explains how the Frax protocol builds a DeFi full-stack protocol centered around stablecoins.
12/26/2023, 3:38:56 PM
This article introduces why RWA (Real World Assets) assets exist, their current development status, and the most representative projects in this track.
1/3/2024, 2:29:04 PM

In 2020, the crypto market saw a huge influx of capital, leading to a rapid increase in market value and the launch of many new cryptocurrencies. Alongside contract-based altcoins, many application-based cryptocurrencies have also emerged. A significant development during this time was in algorithmic stablecoins, where FRAX stood out as the world’s first fractional stablecoin. Frax Finance, founded by Sam Kazemian in 2019, is a decentralized stablecoin protocol comprising two main tokens: $FXS, the governance token, and $Frax, a stablecoin pegged to the US dollar. Frax Finance uses a hybrid model combining partial collateralization and algorithms to maintain stability. Since its launch in 2020, Frax Finance has grown significantly in the DeFi space, with a total of 100 million $FXS tokens in circulation. The protocol’s evolution from FRAX v1 to v3 reflects its ongoing innovation, including the introduction of products like frxETH, highlighting its strategic vision and effective execution.
8/15/2024, 9:46:13 AM
This article explains various stablecoins based on U.S. Treasuries, including the advantages of fixed-income tokens and specific implementation methods of well-known projects such as DAI, USDM, stEUR, FRAX. It also highlights risks related to maturity mismatch, yield decline, and liquidity.
12/26/2023, 2:58:07 PM
Beefy (BIFI) is a decentralized, multi-chain yield optimizer that maximizes returns through auto-compounding strategies across various DeFi protocols.
5/30/2024, 1:53:07 AM
Using case studies from multiple projects, this article explains how yield-generating stablecoins allocate returns from underlying assets, providing passive income for holders. It also examines their potential to bridge the gap between DeFi and traditional finance.
8/20/2025, 10:42:24 AM
This article will explore stablecoins' evolution, categories, and key characteristics. Starting with their current state, we’ll briefly analyze today’s trends and guide you through a quick overview of the top ten stablecoins by market capitalization in the crypto space.
9/25/2024, 7:17:37 AM
Explore Frax Finance's new move - Fraxtal, a modular Rollup chain based on the OP stack, aiming to usher in a new era of DeFi through a unique incentive mechanism.
2/21/2024, 10:26:23 AM
As of now, Noble has issued stablecoin assets worth over $540 million, continuously injecting liquidity into the Cosmos ecosystem. Last month, Noble became the first blockchain to issue the custom stablecoin USDN using the M^0 protocol. This article delves into the Noble project, covering its team background, financing, core protocol, issued assets, ecosystem governance, and incentives to showcase its growth potential.
2/10/2025, 11:58:54 AM