At Frax, we're building the world's most scalable stablecoin infrastructure for the next generation of finance.
From stablecoins to liquid staking to a dedicated L2 — Frax Finance covers every layer of decentralized money.
A USD-pegged stablecoin backed by tokenized US Treasuries through WisdomTree's WTGXX vehicle. Institutional-grade backing with $50M commitment from ATW Partners and BitGo custody.
The native ecosystem and gas token for Fraxtal L2. Governs the entire protocol — from fee structures to new product launches. Rebranded from FXS with full Binance listing support.
Liquid staking for Ethereum. Deposit ETH, receive frxETH for DeFi use. Stake frxETH into sfrxETH to earn auto-compounding ETH staking rewards, MEV, and validator tips.
The crypto neobank platform — connecting traditional finance with on-chain infrastructure. Features include debit card support, branded stablecoins, and institutional custody integration.
Link your wallet to the Frax app. Supports MetaMask, WalletConnect, Coinbase Wallet, and hardware wallets.
Mint frxUSD, stake ETH for frxETH, or bridge to Fraxtal L2. Each product serves a different financial need.
Earn yield through sfrxETH staking, participate in governance with FRAX, or use frxUSD across DeFi protocols.
Frax Finance is a DeFi platform focused on stablecoins and liquid staking, combining decentralized infrastructure with products including FRAX (ecosystem token and Fraxtal gas), frxETH (liquid staked ETH), sfrxETH (yield-bearing staked ETH), frxUSD (USD stablecoin backed by tokenized US Treasuries), and Fraxtal L2 network.
FRAX is the main token of the ecosystem — used as the native gas token on Fraxtal L2, for governance over protocol upgrades and parameters, and for utility across all Frax products. It was rebranded from the original FXS token.
frxETH is Frax's liquid staking token for Ethereum. Deposit ETH, receive frxETH which remains liquid for DeFi use. Stake frxETH to get sfrxETH, which earns auto-compounding staking yield from ETH rewards, MEV, and validator tips.
frxUSD is backed primarily by tokenized US Treasuries through WisdomTree's WTGXX vehicle, with a $50M investment commitment from ATW Partners and BitGo custody. This provides institutional-grade, real-world asset backing.
Fraxtal is Frax's own Layer 2 network for efficient, low-cost DeFi transactions. FRAX is the native gas token, and the network natively supports frxETH, frxUSD, and the broader Frax ecosystem. The North Star hardfork completed the transition.
Frax Finance has undergone multiple independent audits, and its smart contracts have operated for several years without major exploits. frxUSD's backing with tokenized US Treasuries and institutional custody via BitGo adds additional trust layers.
Join Frax Finance — scalable stablecoins, liquid staking, and a dedicated L2 for the next generation of finance.
Start with FRAX