🪙DAI + ⚙️FRAX = 🦊FOX
Fractional Over Collateralized Stablecoin (FOX) is the first over-collateralized stablecoin that achieves striking capital efficiency. Like DAI, FOX gets tokens (ETH, FIL etc.) as collateral. On the other hand, FOX works like FRAX, which partially relies on the seigniorage algorithmic method.