Frax Finance is a decentralized finance (DeFi) protocol that issues innovative, decentralized stablecoins. Its flagship stablecoin, FRAX, combines partial collateral backing with an algorithmic mechanism to maintain its peg to the USD. Frax Finance offers multiple products and services within the Frax Protocol, making it a versatile DeFi solution for users who want to mint, trade (FraxSwap), and lend stablecoins (FraxLend).