FOX Finance
🪙DAI + ⚙️FRAX = 🦊FOX
Fractional Over Collateralized Stablecoin (FOX) is the first over-collateralized stablecoin that achieves strikingly capital efficiency. Like DAI, FOX gets tokens (ETH, etc.) as collateral. On the other hand, FOX works like FRAX, which partially relies on the seigniorage algorithmic method.