Frax Finance is a Solidity implementation of the first fractional-algorithmic stablecoin protocol, designed to create a highly scalable, decentralized, algorithmic money that combines collateralized and algorithmic components based on market conditions. The protocol features two tokens: FRAX (the stablecoin targeting $1) and Frax Shares (FXS, the governance token), and uses swap-based monetary policy with fully on-chain oracles for price discovery and stabilization. This project is for developers and DeFi enthusiasts interested in stablecoin mechanics, algorithmic monetary policy, and decentralized finance protocols built on Ethereum.
How the donated funds are distributed
Kivach works on the Obyte network, and therefore you can track all donations.