Sunday, August 22, 2021 11:05:34 AM
"Frax, a novel fractional-algorithmic stablecoin protocol, has upgraded its entire oracle mechanism to Chainlink Price Feeds. By integrating Chainlink’s industry-leading decentralized oracle network, users get even greater security and reliability around the minting and redemption of FRAX and FXS being consistently in accordance with a collateral ratio that reflects the most up-to-date and accurate global market prices. Simply put, FRAX has stronger data infrastructure in place for maintaining its peg, especially critical as FRAX scales in value."
https://fraxfinancecommunity.medium.com/frax-stablecoin-upgrades-to-chainlink-price-feeds-to-secure-minting-and-redeeming-functions-57bcd2957fab
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