📄️ Trilemma
The most fundamental component in DeFi is obviously stablecoin. However, as shown in several issues, the ideal stablecoin that meets decentralization, stability, and capital efficiency has yet to exist nowadays. Until just before.
📄️ Stablecoins
As is well known, stablecoins are generally classified into three categories - fiat-collateralized, crypto-collateral, and algorithmic ones.
📄️ FOX
Decentralization is an essential thing for DeFi to exist as a truly De-Fi. So, we created FOX. We adopted the idea of FRAX but used decentralized collaterals rather than fiat or fiat-backed ones.