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Frax

Frax

Frax (formerly known as Decentral Bank) is a project cofounded by Everipedia executives Sam Kazemian and Kedar Iyer which seeks to build a new general-compute blockchain specially designed for central bank issued digital currency, stablecoins, decentralized finance (DeFi) applications, and DLT monetary policy.[1]

Overview

History

On May 1, 2019, Decentral Bank announced the release of its EOSIO UTXO contract module, which allows EOS users to transfer tokens directly from one's keypair and without an EOS account. Using a 'relayer' (an EOS account that acts as a mediator between the two public keys involved in the transaction), the smart contract updates the balance of the appropriate public keys. The relayer then earns a transaction fee, which comes from the public key sending the tokens.

Features

The Decentral Bank software includes system-level smart contract modules for various financial products and monetary policy actions.

UTXO and Privacy Tokens

Bonds

Collateralized Debt Positions (CDP)

References

[1]
Citation Linkt.meDecentral Bank on Telegram
May 2, 2019, 8:15 PM
[2]
Citation Linkgithub.comWhitepaper
May 11, 2019, 11:09 AM
[3]
Citation Linkdecentralbank.networksite
May 11, 2019, 11:10 AM
[4]
Citation Linkfortune.com"Trump’s Former Fed Pick Stephen Moore Announces Cryptocurrency to Compete With Central Banks" (via Fortune, published on October 21, 2019)
Oct 21, 2019, 4:38 PM