Dai vs. Frax
Compare key details of Dai and Frax side by side in a structured table format. This overview highlights core features, differences, and relevant information for each option. Use it to review how various choices stack up across the category.
| Dai | Frax | |
|---|---|---|
| Symbol | DAI | FRAX |
| Type | Crypto-backed | Algorithmic-backed |
| Collateralization Method | Overcollateralized Crypto | Partially Crypto-collateralized |
| Pegged To | USD | USD |
| Issuer | MakerDAO (Decentralized) | Frax Protocol (Decentralized) |
| Blockchain Support | Ethereum, Polygon, Optimism | Ethereum |
| Market Cap Rank | 3 | 8 |
| Reserve Transparency | High (On-chain transparent) | Medium (On-chain governance) |
| Stability History | Highly Stable | Generally Stable |
| Primary Use Cases | DeFi protocols, collateralization | DeFi liquidity, staking |
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