Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment – Miami Crypto Coin

Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

Post author:MiamiCrypto
Post published:March 6, 2023
Post category:curve finance / Decentralization / Decentralized Exchange / makerdao / Stablecoin / USD Coin

The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.