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frxETH – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 23 Feb 2023 04:37:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png frxETH – DIGIT INFO https://www.digit.info 32 32 Frax Finance to retire algorithmic backing amid stablecoin crackdown https://www.digit.info/frax-finance-to-retire-algorithmic-backing-amid-stablecoin-crackdown/ Thu, 23 Feb 2023 04:37:38 +0000 https://www.digit.info/2023/02/23/frax-finance-to-retire-algorithmic-backing-amid-stablecoin-crackdown/

The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing.

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