L2 Standard Bridged frxUSD
FRXUSD
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
L2 Standard Bridged frxUSD is a well-designed, RWA-backed stablecoin from the reputable Frax Protocol. It scores highly across key fundamentals, including its experienced team, active development, strong security posture, and innovative yield-bearing tokenomics. The primary risks are external to the protocol itself, stemming from the highly competitive stablecoin market and the inherent centralization of its custodian-based collateral model. Despite these challenges, its strong foundation and unique value proposition as a yield-bearing stablecoin make it a compelling asset for its intended purpose.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About L2 Standard Bridged frxUSD (FRXUSD)
L2 Standard Bridged frxUSD (FRXUSD)
L2 Standard Bridged frxUSD (FRXUSD) is a USD-pegged stablecoin developed by Frax Protocol. Optimized for Layer-2 networks, FRXUSD combines algorithmic collateralization with fractional reserves to maintain a 1:1 peg to the US dollar, while offering low-cost, high-speed transactions via standard bridging.
Key Features:
- Pegged 1:1 to USD through a hybrid algorithmic-fractional model
- Deployed on Ethereum Layer-2 networks with FRXUSD Standard Bridge
- ERC-20 token standard for seamless DeFi integration
- Low transaction fees and fast settlement times
Specifications:
- Token Name: L2 Standard Bridged frxUSD
- Symbol: FRXUSD
- Token Standard: ERC-20
- Networks: Ethereum Layer-2 (e.g., Optimism, Arbitrum) via Standard Bridge
Use Cases:
- Stable medium of exchange and unit of account in DeFi
- Liquidity provisioning, lending, and yield farming
- Cross-chain transfers and interoperability solutions
Learn more about FRXUSD’s architecture, audit reports, and bridge integrations in the official Frax Protocol documentation.
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