Frax is a leading decentralized finance ecosystem focused on scalable, efficient, and yield-driven stablecoins. Its products combine institutional-grade backing with DeFi utility.
frxUSD – Fully backed by institutional-grade tokenized U.S. Treasury funds and built to comply with GENIUS standards, powered by leaders like BlackRock and Superstate.
sfrxUSD – A yield-bearing stablecoin vault that optimizes strategies for the highest risk-adjusted returns in DeFi.
rxUSD – A USD-pegged stablecoin designed for stability and composability in the Frax ecosystem.
LP Now
The rxUSD / sfrxUSD and frxUSD / AUSD farms are now live on Katana, with $KAT rewards available for LPs.
