FRAXStablecoin·Frax Finance

Frax

Fully exogenously-collateralized stablecoin (v3) backed by USDC, sFRAX, and T-bill AMO positions.

Deployment

ETHEthereum

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0x853d955aCEf822Db058eb8505911ED77F175b99e

OCB — 01·Rating breakdown

FRAX — not yet scored

Stablecoin Health RatingNot yet scored

FRAX is registered in the OCB pipeline. Scoring data has not yet been published for this instrument.

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OCB — 02·Coverage gaps + diligence

What closes the gap — and who closes it

Redemption Liquidity· 1 finding

data gapredemption liquidity gap90% confidence

gap:liquidity

No redemption liquidity data available at time of scoring run.

Verified Jun 13, 2026

Disclosure Quality — issuer disclosure· 1 finding

contract addressEthereum contract95% confidence

Contract address verified on Ethereum: (primary deployment)

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jun 13, 2026· instrument_deployments registry — chain_id 1

Holder Concentration· 1 finding

holder concentration snapshot90% confidence

·Top-10 holders control 93.31% of supply (after excluding protocol-controlled addresses).
·1 protocol-controlled address excluded from concentration calculation.
·Concentration track: retail_facing.

Score impact: Top-10 at 93.31% feeds holder_concentration sub-signal

Verified Jun 13, 2026· norm_concentration row observed 1d ago

Methodology

FRAX is scored across the same four dimensions as every other rated instrument — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology →