Frax completed its Strategic Fundraising on 2021-07-15.

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FXS
FXS
-13.61%
According to media reports, Frax completed its Strategic Fundraising on 2021-07-15. the investors in this funding round include Dragonfly,Electric Capital,Robot Ventures,Crypto.com Capital,Balaji Srinivasan,Stani Kulechov and others.
Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.

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FXS Fundraising History
RoundAmountValuationTimeInvestor(s)
Strategic----2021-07-15Dragonfly,Electric Capital,Robot Ventures,Crypto.com Capital,Balaji Srinivasan,Stani Kulechov
Key Milestones
  • 2021-07-16
    Frax completed a strategic financing
  • 2020-12-21
    Frax was live on mainnet
  • 2020-12
    $FXS was live for trading
24-Hour High
--
24-Hour Volume
--
All-Time High
$42.80
All-Time Low
$1.26
Market Cap / FDV
89.19%
FDV
$316.98M
24-Hour Low
--
Market Cap
$316.98M
Circulating Supply
88.90M FXS
Total Supply
99.68M FXS
Max Supply
99.68M FXS
Market Sentiment
Positive
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