Here's an in-depth thread on @fraxfinance, its ecosystem, and its connections to platforms like @ConvexFinance and @_kaitoai: 

TLDR: Frax Finance is a sleeping giant

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What is Frax Finance?

@fraxfinance is a #DeFi protocol that has introduced a unique approach to stablecoins with its fractional-algorithmic stablecoin model. Launched in December 2020 (which is key because it has thrived during the bear market), Frax aimed to combine the benefits of both collateralized and algorithmic stablecoins. $FRAX is the protocol's main stablecoin, designed to be pegged to the USD, while $FXS serves as the governance token, giving holders voting rights on the protocol's future.
#DeFi #FRAX #FXS