Zellic audit of frxUSD ecosystem finds zero critical findings
Security firm Zellic completed a security assessment of frxUSD ecosystem contracts, reporting 0 critical findings. The scope covered frxUSD's custodians, timelocked minting, and bridge routing and circuit breakers.
- Assessment found no critical vulnerabilities in the reviewed contracts
- Zellic's scope included custodians, timelocked minting, and bridge routing and circuit breakers
- Frax reiterated that security remains its top priority as the results were published
Frax
Frax is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
