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Record sog_st_frax

FRAXFrax

Also recorded as FRAX

Active

Lifecycle: Active
Issuance: Protocol-based
Reference target: US dollar
Primary organization: Frax FinanceNo additional recorded relationship
Launch: 2020-12-21
Redemption: Not Applicable
Backing: Hybrid or mixed
Stabilization: Hybrid
Last review: 2026-06-02
Evidence: 4 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

A stablecoin from the Frax ecosystem that has used a mix of collateral, protocol mechanisms, and market operations over time.

Name	Frax
Symbol	FRAX
Aliases	FRAX
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Protocol-based
Canonical record ID	`sog_st_frax`
Route slug	`frax`
Record confidence	Medium
Last reviewed	2026-06-02

Name: Frax
Symbol: FRAX
Aliases: FRAX
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Protocol-based
Canonical record ID: sog_st_frax
Route slug: frax
Record confidence: Medium
Last reviewed: 2026-06-02

Record coverage

Section	Entries
Organizations	1
Sources	4
Reserve reports	2
Reserve components	1
Model-history events	1
Regulatory notes	0
Deployments	2
Issuer-control actions	0
Open questions	2
Events	1

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: DAO Governed
Primary display organization: Frax Finance
Primary display role: Protocol operator
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 2 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 2 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Frax Finance	Protocol or software system	Protocol or decentralized system	Unknown or not publicly resolved	Protocol operator	Primary display	2020-12-21	Not yet recorded	Active relationship

Protocol or software system

Frax Finance

Primary display

Functional role: Protocol operator
Relationship status: Active relationship
Regulatory character: Protocol or decentralized system
Jurisdiction: Unknown or not publicly resolved
From: 2020-12-21
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: US dollar
Reference kind: Fiat
Comparison category: US dollar
Target value: 1
Reference methodology: Targets a US dollar reference value unless the record documents a different target value.
Public backing model: Hybrid or mixed
Canonical backing types: Mixed
Reserve component categories: Unknown
Primary stabilization mechanism: Hybrid
Recorded model description: Hybrid
Redemption / exit model: Not Applicable
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Not recorded

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Mixed backing; component breakdown unresolvedUnknown after review

Reserve profile

Disclosure status	Partial
Backing types	Mixed
Summary	Protocol collateral and balance-sheet mechanisms are tracked separately from issuer-style reserve attestations.
As of	2026-06-02
Profile confidence	Medium

Disclosure status: Partial
Backing types: Mixed
Summary: Protocol collateral and balance-sheet mechanisms are tracked separately from issuer-style reserve attestations.
As of: 2026-06-02
Profile confidence: Medium

Redemption profile

Current status	Not Applicable
Settlement asset	No guaranteed specific financial instrument or token
Eligible parties	FRAX holders do not have a guaranteed direct redemption right for a specific instrument or token under the reviewed V3 documentation.
Retail access	Not Available as Direct Redemption
Institutional access	Not Available as Direct Redemption
Minimum amount	Not Applicable
Fee	Protocol and secondary-market exit costs may apply; no direct redemption fee schedule applies.
Settlement time	No direct issuer or protocol redemption settlement is established.
Regional limits	Protocol access and market exits are separate from issuer redemption and need further review when discussed.

Current status: Not Applicable
Settlement asset: No guaranteed specific financial instrument or token
Eligible parties: FRAX holders do not have a guaranteed direct redemption right for a specific instrument or token under the reviewed V3 documentation.
Retail access: Not Available as Direct Redemption
Institutional access: Not Available as Direct Redemption
Minimum amount: Not Applicable
Fee: Protocol and secondary-market exit costs may apply; no direct redemption fee schedule applies.
Settlement time: No direct issuer or protocol redemption settlement is established.
Regional limits: Protocol access and market exits are separate from issuer redemption and need further review when discussed.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
2026-06-02	Frax Finance	Protocol Disclosure	Protocol Collateral, Amo Context, Not yet recorded	Medium
2026-06-07	Frax Finance	Protocol Documentation Reference	Protocol Context, Collateral, Amo, Not yet recorded	Medium

Frax Finance

2026-06-02

Type: Protocol Disclosure
Assets covered: Protocol Collateral, Amo Context, Public information incomplete
Record confidence: Medium

Frax Finance

2026-06-07

Type: Protocol Documentation Reference
Assets covered: Protocol Context, Collateral, Amo, Public information incomplete
Record confidence: Medium

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Ethereum	Specific network recorded	Not yet recorded	Protocol-native or protocol-supported deployment	Protocol Token	Active	Active	No separate change state recorded	Native deployment	Canonicality recorded	Verified	Identifier recorded	0x853d955aCEf822Db058eb8505911ED77F175b99e	Not yet recorded	Not yet recorded	0	Ethereum-native FRAX token contract confirmed from Frax Finance deployment documentation.
multi_chain_or_protocol_context	Aggregate or multi-chain context	Not yet recorded	Protocol-native or protocol-supported deployment	Protocol Asset	Unknown or unresolved	Not yet recorded	No separate change state recorded	Native deployment	Canonicality recorded	Source-linked record; identifier not recorded	Identifier not recorded	Identifier not recorded	Not yet recorded	Not yet recorded	0	FRAX chain coverage needs source review.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

4 source identities · 4 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Frax Finance documentation for FRAX stablecoin Published Not yet recorded	Frax Finance	Official statement or announcement Canonical: Issuer Statement	Subject-controlled source	Primary source	Entity Collateral Redemption	No archive recorded	Medium
Frax Finance official site Published Not yet recorded	Frax Finance	Official statement or announcement Canonical: Issuer Statement	Subject-controlled source	Primary source	Entity	No archive recorded	Medium
Frax documentation Published Not yet recorded	Frax Finance	Official documentation or product page Canonical: Protocol Docs	Subject-controlled source	Primary source	FRAX / frxUSD ecosystem documentation, protocol design, collateral, AMO, governance, and related stablecoin context	No archive recorded	High
Frax Finance app Published Not yet recorded	Frax Finance	Official documentation or product page Canonical: Protocol App	Subject-controlled source	Primary source	Frax ecosystem interface entry point and protocol product context	No archive recorded	Medium

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Lifecycle Transition	FRAX, frxUSD, FXS, AMO, and V3 collateral design relationships need a dedicated documented lifecycle and successor/parallel asset review.	Unknown after review	Medium	2026-06-02
Protocol transition	FRAX, frxUSD, sFRAX, AMO, collateral, and governance relationships need a dedicated documented lifecycle pass.	Unknown after review	Medium	2026-06-07

Lifecycle Transition

FRAX, frxUSD, FXS, AMO, and V3 collateral design relationships need a dedicated documented lifecycle and successor/parallel asset review.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-02

Protocol transition

FRAX, frxUSD, sFRAX, AMO, collateral, and governance relationships need a dedicated documented lifecycle pass.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-07

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2020-12-21Frax launch contextLaunch

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2020-12-21	Frax launch context	Launch and introduction	Launch	No lifecycle change	Not applicable

Related records and corrections

Corrections and further reading

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