The Frax Trinity Stack is one of the most innovative protocols in DeFi. This up and coming set of products for the Frax ecosystem has accomplished something no one else has. If you haven’t read up on Frax, its stablecoin, and the suite of DeFi products builty around it, please refer to the docs any time while reading this.
First things first, why is it called the Frax Trinity Stack?
Frax has merged the three major pillars of DeFi, swapping, lending, and money markets into one product stack:
Fraxswap: a decentralized exchange for swapping tokens, providing liquidity, and DCAing with Time-weighted Automated Marker Maker (TWAMM) orders.
Fraxlend: a money market for lending crypto assets to borrowers to earn an interest rate. Borrowers can access Frax liquidity that is ideal for leverage and liquidity needs.
FRAX stablecoin: earn by providing FRAX to different liquidity pools on Curve, Convex, Uniswap, Fraxswap. FRAX can also be supplied to lending protocols (Fraxlend, Olympus). Rewards are in various tokens (FXS, CRV, CVX).
If you want to learn more about the power of the Frax Trinity Stack, I’ll redirect you to the rest of my article on the Flywheelpod website.
They’re doing a very good job to raise awereness on the Frax ecosystem so check their content if you want to learn the right way. It was a pleasure to contribute for them.
We’ll meet again soon for another round of my remarks on innovative protocols.
NFA, for informational purposes only.
Take care, Daesu.