Frax vs. Dai
Compare key details of Frax and Dai 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.
| Frax | Dai | |
|---|---|---|
| Symbol | FRAX | DAI |
| Type | Algorithmic-backed | Crypto-backed |
| Collateralization Method | Partially Crypto-collateralized | Overcollateralized Crypto |
| Pegged To | USD | USD |
| Issuer | Frax Protocol (Decentralized) | MakerDAO (Decentralized) |
| Blockchain Support | Ethereum | Ethereum, Polygon, Optimism |
| Market Cap Rank | 8 | 3 |
| Reserve Transparency | Medium (On-chain governance) | High (On-chain transparent) |
| Stability History | Generally Stable | Highly Stable |
| Primary Use Cases | DeFi liquidity, staking | DeFi protocols, collateralization |
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