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Legacy Frax DollarFRAXRare
73/100STRICT
Rare
#174market cap1 Oct 2026

Legacy Frax Dollar

FRAX
Stablecoin, stable asset weightsMarket-cap rank 174, CoinGecko 23 Oct 2026
Fundamentals, not price
PillarRatingPosition on the 0 to 100 scaleWeightAdds
Sustainability72×0.2820.16
Transparency85×0.2420.40
Revenue60×0.084.80
Innovation70×0.085.60
Community60×0.127.20
Tokenomics75×0.2015.00
Weighted sum, weights total 1.0073.16Rounds to the published score73
Analysed
1 Oct 2026
Engine
v5.2.0
Computed
2026-10-01 05:11 UTC
Inputs hash
68cb9fb196c2

Pro opens Legacy Frax Dollar in full. Change, scenario, signal, risk factors, catalysts.

See plans

Research, not financial advice. Read the terms.

Pillar evidence

Input set 1 Oct 2026. 5 sources, 10 citations.
Each arc is one pillar rating, drawn to scale from 0 to 100.
Sustainability72

Can this project keep operating and funding itself for years?

Maintains 100% reserve backing through real-world assets, cash deposits, and algorithmic market operations, mitigating historic depeg risks.12

Transparency85

Can outsiders see and check what the team and the protocol do?

Comprehensive on-chain reserve tracking, real-time collateral ratios, and regular attestations provided by regulated financial partners.13

Revenue60

Does the protocol earn real fees or income from use?

Generates steady reserve interest from short-term government debt holdings and Automated Market Operations lending revenues.14

Innovation70

Is the technology being built and shipped, and does it matter?

Pioneered fractional-algorithmic stablecoin design before transitioning to full collateralization and integrating native Fraxtal L2 infrastructure.5

Community60

Who uses, builds and holds it, and how durable is that base?

Established decentralized community and deep secondary liquidity pools across Curve, Uniswap, and Fraxlend venues.12

Tokenomics75

Do supply, issuance and unlocks protect holders from dilution?

Fully collateralized dollar peg with no issuance dilution, supported by Automated Market Operations PegKeeper mechanisms.5

Sources
  1. 1frax.comCited for Sustainability, Transparency, Revenue, Community
  2. 2coingecko.com/en/coins/fraxCited for Sustainability, Community
  3. 3github.com/FraxFinanceCited for Transparency
  4. 4tokenterminal.com/terminal/projects/frax-financeCited for Revenue
  5. 5docs.frax.comCited for Innovation, Tokenomics

About Legacy Frax Dollar

Analysis of 1 Oct 2026

Legacy FRAX Dollar functions as Frax Finance's original dollar-pegged stablecoin, maintaining complete one hundred percent collateralization across cash deposits, short-term government securities, and decentralized crypto reserves as of October 1, 2026. While the broader Frax ecosystem continues expanding its newer regulatory-compliant frxUSD stablecoin and native Fraxtal Layer 2 execution layer, Legacy FRAX sustains a dependable one-dollar peg across secondary decentralized liquidity pools.

Full overviewShow less

The asset uses Automated Market Operations to manage peg stability and generate conservative yield on reserve balances without algorithmic dilution risks. Although primary protocol development and institutional integration efforts center on frxUSD, Legacy FRAX retains broad composability across established automated market makers and lending protocols.

Strengths
  • Complete one hundred percent collateral backing consisting of short-term government debt, cash deposits, and decentralized assets
  • Battle-tested Automated Market Operations maintaining resilient dollar parity and predictable liquidity depth
  • Deep secondary market integration across Curve and Uniswap liquidity pools providing reliable exit capacity
  • Zero dilution risk with circulating token supply fully backed by audited protocol balance sheet reserves
Risks
  • Gradual migration of protocol focus and institutional integrations toward newer frxUSD infrastructure
  • Custodial counterparty exposure associated with off-chain treasury managers and banking intermediaries
  • Smart contract execution complexities across multi-pool Automated Market Operations controllers
  • Dominance of centralized fiat stablecoins limiting broader retail merchant and consumer payment adoption
Competitive position

Legacy FRAX maintains an established position among decentralized stablecoins, having successfully executed the transition from fractional-algorithmic mechanics to full asset backing. While centralized alternatives like USDC and Tether command commercial payment flows, Legacy FRAX offers transparent on-chain collateralization managed by decentralized governance rules.

Conclusion

Legacy FRAX Dollar represents a dependable and fully collateralized decentralized dollar asset operating within the Frax Finance ecosystem as of October 1, 2026. While protocol innovation and new institutional liquidity incentives have shifted toward frxUSD and the Fraxtal Layer 2 network, Legacy FRAX reliably maintains its one-dollar peg.

Full conclusionShow less

It remains a secure holding for established decentralized finance participants.

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