{"id":61207,"date":"2023-10-10T08:40:28","date_gmt":"2023-10-10T12:40:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=61207"},"modified":"2023-10-10T08:41:49","modified_gmt":"2023-10-10T12:41:49","slug":"frax-finance-launches-final-v3-stablecoin-staking","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/frax-finance-launches-final-v3-stablecoin-staking\/","title":{"rendered":"Frax Finance Launches “Final” V3 Stablecoin, Staking"},"content":{"rendered":"\n

The launch of FRAX v3, a stablecoin pegged to the dollar<\/a>, has been announced by the community of Frax Finance.<\/p>\n\n\n\n

\"Frax
Frax Finance Launches “Final” V3 Stablecoin, Staking<\/figcaption><\/figure>\n\n\n\n

The stablecoin uses AMO smart contracts<\/a> and permissionless, non-custodial subprotocols to preserve its stability. The official documentation for FRAX v3, a stablecoin intended to sustain its value through AMO smart contracts and permissionless, non-custodial subprotocols, was made available by Frax Finance in a post updated three days ago. <\/p>\n\n\n\n

As internal stability mechanisms, these subprotocols include Fraxlend, a decentralized loan market\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and Fraxswap, an automated market maker with unique features. <\/p>\n\n\n\n

Curve, an external subprotocol, strengthens the coin's stability by pegging it to the dollar. The paperwork clarifies that the FRAX stablecoin's peg to the USD will be activated if it reaches a 100% collateralization ratio to guarantee its stability. <\/p>\n\n\n\n

In order to maintain FRAX's value in line with the U.S. dollar, this pegging mechanism will rely on a combination of Chainlink oracles and a reference rate agreed by the governance structure.<\/p>\n\n\n\n

Despite reports that numerous new stablecoins, like PayPal USD<\/a>, have just entered the market, the stablecoin market has fallen by 35% over the past 18 months. Part of this has been ascribed to cryptocurrencies currently opposing U.S. regulatory attempts.<\/p>\n","protected":false},"excerpt":{"rendered":"

The launch of FRAX v3, a stablecoin pegged to the dollar, has been announced by the community of Frax Finance. The stablecoin uses AMO smart contracts and permissionless, non-custodial subprotocols to preserve its stability. The official documentation for FRAX v3, a stablecoin intended to sustain its value through AMO smart contracts and permissionless, non-custodial subprotocols, […]<\/p>\n","protected":false},"author":43,"featured_media":61209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16696,1531],"class_list":["post-61207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-frax-finance","tag-stablecoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/croc_1696934312011.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=61207"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/61209"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=61207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=61207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=61207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}