An introduction to the new $FRAX pool in the FinNexus Protocol for Options
FinNexus is creating a new liquidity pool using FRAX tokens as the collateral asset. 4,000 cFNX will be provided as basic daily mining rewards and incentives will be adjusted according to the Total Value Locked (TVL) of different pools on a monthly basis.
An algorithmic stablecoin is a token that adjusts its supply deterministically (i.e. using an algorithm) in order to control its price. At the most basic level, an algorithmic stablecoin expands its supply when it is above the price target and contracts when it is below.