Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
March 06 2023 - 12:45PM
Cointelegraph
![](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvOTZiZmRkMmMtMTAwYi00YjhmLThmODEtMjM0NWFhZTM2Mzc2LmpwZw==.jpg)
The sun sets on algorithmic stablecoins as Frax shifts to a
fully-backed model.
...
Continue reading Frax’s shift to a fully backed
stablecoin signals the end of DeFi’s algorithmic experiment
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Frax’s shift to a fully backed stablecoin signals
the end of DeFi’s algorithmic experiment appeared first on
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Frax (COIN:FRAXUSD)
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Frax (COIN:FRAXUSD)
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From Jun 2023 to Jun 2024