Frax Assets are Now Available on Stably Ramp

Stably Ramp expands its crypto offering with the addition of assets from Frax Finance, enabling global users to buy, sell, or swap Frax assets with other digital assets and traditional payments.

Stably Ramp, a leading fiat <> crypto onramp with low transaction costs and zero listing fees, is thrilled to announce the listing of the following assets on several networks 🚀

• FRAX – Ethereum, Arbitrum, Avalanche, BSC, Fantom, Optimism, Polygon PoS
• FXS – Ethereum
• cvxFXS – Ethereum
• FPI – Ethereum
• FPIS – Ethereum
• frxETH – Ethereum
• sfrxETH – Ethereum
• sFRAX – Ethereum (coming soon)

 

The Frax Finance protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. The Frax Protocol also has 3 subprotocols within it that integrate its stablecoins: Fraxlend, Fraxswap, and Fraxferry.

Core concepts to understand the unified Frax Finance ecosystem include:

• Three Stablecoins – The Frax Protocol currently issues 3 stablecoins. FRAX, a USD pegged asset. The Frax Price Index (FPI) stablecoin, the first stablecoin pegged to a basket of consumer goods creating its own unit of account separate from any nation state denominated money. FraxEther (frxETH), pegged to ETH for use as a replacement for WETH in smart contracts.
• Fraxswap, a native AMM – Fraxswap is the first AMM with time weighted average market maker orders used by the Frax Protocol for rebalancing collateral, mints/redemptions, expanding/contracting stablecoin supply, and deploying protocol owned liquidity onchain.
• Fraxlend, permissionless lending markets – Fraxlend is the lending facility for Frax-based stablecoins allowing debt origination, customized non-custodial loans, and onboarding collateral assets to the Frax Finance economy.
• Fraxferry, optimistic transfer protocol for Frax-based tokens – Fraxferry transfers natively issued Frax Protocol tokens across many blockchains.
• Frax Share (FXS) as base layer governance token – Frax Share (FXS) is the governance token of the entire Frax ecosystem of smart contracts which accrues fees, revenue, and excess collateral value. FPIS is the governance token of FPI only and splits its value capture with FXS holders.
• Gauge Rewards System – The community can propose new gauge rewards for strategies that integrate Frax-based stablecoins. FXS emissions are fixed, halve each year, and entirely flow to different gauges based on the votes of veFXS stakers.

How to Trade Frax Assets

Follow the easy steps below on how to buy, sell, or swap Frax assets with Stably Ramp:

• Open a Stably Ramp account and verify your identity (how to open an account)

• Buy with Visa and Mastercard (how to buy with cards)

• Swap with another digital asset (how to swap digital assets)

• Sell with SWIFT (coming soon)

Supported Regions

Frax assets are available on Stably Ramp in 170+ countries/regions (excluding the US).

What is Stably Ramp?

Stably Ramp is the top fiat <> crypto onramp in Web3 with super low transaction costs for end users and zero fees for asset listings. Through a plug-and-play iFrame widget, third-party integrators can embed Stably Ramp within their applications, enabling end users worldwide to seamlessly buy, sell, or swap a vast selection of digital assets using stablecoins and traditional payment methods for as low as 0.5% in transaction fees.