The current real-time price of AFRAX is $0.9918. In the past 24 hours, AFRAX has traded between $0.9915 and $0.9927, showing strong market activity. The all-time high of AFRAX is $1.002, and the all-time low is $0.9882.
From a short-term perspective, the price change of AFRAX over the past 1 hour is , over the past 24 hours is 0.00%, and over the past 7 days is -0.06%. These figures provide a quick overview of the latest price trends and market dynamics of AFRAX on LBank.-0.12%
The live price of AFRAX today is $0.9918, with a current market cap of $0. The 24-hour trading volume is --. The price of AFRAX to USD is updated in real time.
Before deciding whether to buy or sell AFRAX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s AFRAX technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for AFRAX.
How much will AFRAX be worth tomorrow, next week, or next month in ? What about your AFRAX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! AFRAX Price Prediction
To learn more about AFRAX, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x0f2a...86cbbe  | 260.578K | 148.07% |
ethereum | 0x5d5f...a62b9f | 19,195 | 10.91% |
ethereum | 0x5de3...4becbc | 1,626 | 0.92% |
ethereum | 0x464c...d6e18c | 1,347 | 0.77% |
ethereum | 0xe345...a7ea76 | 579 | 0.33% |
Other | -107,344 | -61% |
Aave v3 FRAX, or aFRAX, represents the FRAX stablecoin deposited into the Aave V3 lending protocol. FRAX is a decentralized stablecoin that uses a hybrid algorithmic and collateralized mechanism to maintain its peg to the US dollar. It aims to offer a decentralized alternative to existing stablecoins within the Aave ecosystem.
FRAX is integrated into Aave V3 across various networks such as Polygon, Fantom, Avalanche, Arbitrum, and Optimism. Initially, it was often listed in Isolation Mode for risk management. However, there have been proposals to remove it from Isolation Mode and align its parameters with other stablecoins. The Frax protocol also employs an Aave AMO (Algorithmic Market Operations) which supplies newly minted FRAX into Aave V3 pools to generate interest.
Users can supply FRAX to Aave V3 to earn yield or borrow it. AFRAX provides a decentralized stablecoin option for lending and borrowing, diversifying choices within Aave. Utilizing aFRAX with other correlated stablecoins in Aave V3's Efficiency Mode (E-Mode) allows for higher loan-to-value (LTV) ratios, enhancing capital efficiency. Beyond basic lending, users can generate yield through various decentralized finance protocols that support aFRAX or by borrowing FRAX to engage with other DeFi platforms.
Key risks include the potential for FRAX to lose its peg, which is a concern for any stablecoin. Smart contract vulnerabilities in both Aave V3 and the FRAX protocol pose a risk, though Aave employs audits and bug bounty programs. Reliance on Chainlink for price feeds introduces oracle risk. Liquidation risk exists if collateral values drop, with Aave V3 utilizing LTV and liquidation thresholds. If FRAX is in Isolation Mode, its utility as collateral might be limited. Additionally, concerns about centralized dependencies within the Frax protocol could affect stability.
To view your aFRAX token holdings in a digital wallet, you typically need to import it manually. This involves copying aFRAX's specific contract address (for example, 0xd4e245848d6e1220dbe62e155d89fa327e43cb06) and then adding it as a custom token within your wallet interface. Some platforms might offer a simplified one-click option for importing if you have the wallet extension installed.
Proposals suggest removing FRAX from Isolation Mode and onboarding sFRAX (Staked FRAX), a yield-bearing version, to Aave V3 mainnet. This indicates a deepening collaboration between Frax and Aave, which could enhance FRAX's utility and potentially increase demand for borrowable assets on Aave V3. Such developments could contribute to the growth and broader adoption of FRAX within the decentralized finance ecosystem.
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