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Frax: Building the DeFi Trinity | Sam Kazemian

Empire

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Fracks Has Never Lost Its Peg

Fracks has never lost its peg. Fracks is kind of it's a it's a hybrid stablecoin in terms of like, different stability mechanisms. For our 2023 roadmap, what we're doing with fracks is that we're actually bringing it to 100% CR, completely with completely exogenous collateral. But it will be algorithmic in the sense that all of this infrastructure, all of this on chain stuff that I just talked about,. It will run with fracks to stabilize the price spec, but it will not have any kind of reflexive collateral. And so we've actually made that pretty clear a few times and my personal belief is that if you're trying to go for

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