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Organisation

Frax

2 placements on ChainChoice under Frax, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Stablecoins
frxUSD (Frax USD)
Rank#7 OverallScore56

#1 in this category: PayPal USD (PYUSD)

View verdict
Liquid Staking
Frax Ether
Rank#8 OverallScore61

#1 in this category: Jito

View verdict
Stablecoins
How you can lose money here, and what the ranking scores
  • Control failure (frxUSD (Frax USD) 3/10): a key or vote changes the rules, freezes or mints.
    Scored by Who can freeze, burn or replace your balance — and have they? · 18%
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by Who exactly owes you the dollar, and where do you rank when they fail? · 30% (frxUSD (Frax USD) 2/10)
    Scored by What is really behind it, and what did the third party actually opine on? · 24% (frxUSD (Frax USD) 3/10)
  • Exit failure (frxUSD (Frax USD) 3/10): you cannot get out at par, on time, or with what is yours.
    Scored by Can the person actually holding it get a dollar back at par — and has anyone, at size? · 28%
Not assessed by this ranking: Contract failure, Custody failure, Regulatory failure, Information failure. A high place says nothing about these; the Methodology tab says what each means.
Liquid Staking
How you can lose money here, and what the ranking scores
  • Verification failure (Frax Ether 2/10): an invalid state or transfer is accepted.
    Scored by Operator decentralisation · 26%
  • Exit failure: you cannot get out at par, on time, or with what is yours.
    Scored by Redemption mechanics · 28% (Frax Ether 5/10)
    Scored by Peg resilience & exit depth · 26% (Frax Ether 6/10)
Not assessed by this ranking: Contract failure, Control failure, Insolvency failure, Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Commission take-rate (20%).