Press Release

Frax Finance Tutorial 2022! Really the Best Stablecoin Yields?

Frax Finance Tutorial 2022! Is it really the Best Stablecoin Yields?

The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically. FRAX is minted when collateral and FXS are deposited into the Frax protocol contract. The amount of collateral needed to be deposited to mint 1 FRAX is determined by the collateralization ratio.

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In this Frax Finance yield farming for beginners Guide:

00:00 – Introduction
00:30 – What’s the Frax Finance?
01:00 – What’s FRAX?
01:55 – How FRAX maintains its peg to USD?
05:40 – Frax Platform Overview
10:20 – Swapping Assets
12:30 – How DeFi Dashboard can help you Yield Farming

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