cryptosnif
Legacy Frax Dollar (FRAX)
Documentary contract0x853d955acef822db058eb8505911ed77f175b99e
Unrated · 0% Evidence coverage
Operational strength remains unproven; unrated with 0% scoring coverage.
Documentary mechanisms alone cannot establish actual network behavior or investment outcomes.
Inspect the evidenceThe source review explains documented mechanisms. Independent network checks remain pending.
Promise
This dossier examines the pinned primary documentation for Legacy Frax Dollar (FRAX). The documentary subject is token address 0x853d955acef822db058eb8505911ed77f175b99e on Ethereum mainnet. Current deployment and operation remain unverified within this review.
Established facts
The Aave V3 Ethereum registry lists Legacy Frax Dollar at 0x853d955acef822db058eb8505911ed77f175b99e. Its underlying token, the asset associated with a documented reserve, has a separate identity from the Frax Shares entry, which has its own address.
The pinned Frax README describes its historical V1 design with separate FRAX stablecoin and FXS governance-token roles. That design adjusts the collateral ratio according to the stablecoin price relative to 1 dollar and names time-weighted Uniswap prices and Chainlink prices as inputs. These are historical design statements. They establish no present collateral backing, market price, successor design or deployed parameter.
Unknowns
This dossier contains no independently reproduced operational observations. Current deployed versions, controller identities, beneficial ownership, supply, concentration, usage, liquidity and the complete incident record remain unverified. Documentary review supplies no operational scoring coverage.
Consequences
The V1 design and the separate token addresses establish a historical research scope. Assessing current backing or successor mechanisms would require their own dated documentation and reproduced observations.
Verdict
Unrated, with 0% scoring coverage. The captured documentation defines the scope of further research. Every operational scoring criterion remains unknown within this review, so the corpus supports no total score or investment-return forecast.
What would change it
A further review would compare documented identities with deployed code, identify current control powers and reproduce mechanism-specific observations with dates and test conditions. Supply, usage and incident evidence would require separate checks before method calibration and editorial review could support a score.
Each check earns its result.
| Check | Weight | Result |
|---|---|---|
| Exact asset identityEssential | 3% | Verification pending |
| Observable use | 15% | Verification pending |
| Economic role of the token | 10% | Verification pending |
| Supply mechanismsEssential | 10% | Verification pending |
| Ownership concentration | 8% | Verification pending |
| Value capture | 7% | Verification pending |
| Control powersEssential | 10% | Verification pending |
| Security verification | 7% | Verification pending |
| Decision process | 8% | Verification pending |
| Accountability | 7% | Verification pending |
| Incident history | 6% | Verification pending |
| Operational continuity | 4% | Verification pending |
| Execution conditions | 5% | Verification pending |
Family-specific checks: Reserves, redemptions, collateral and peg stability.
Inspect the evidence
Sources behind this analysis
bgd-labs/aave-address-book: src/ts/AaveV3Ethereum.ts (c8f1011decd0)
The pinned Aave V3 Ethereum address book records Legacy Frax Dollar (FRAX) as the FRAX underlying-token entry at 0x853d955acef822db058eb8505911ed77f175b99e, with chain identifier 1. An underlying token is the asset associated with a documented pool reserve. The file lists distinct receipt-token and debt-token addresses; these must not be substituted for the underlying token identity. This registry establishes Aave's documented integration, without establishing present borrowing permissions, actual balances, issuer deployments or protocol activity. This address identifies Legacy Frax Dollar, distinct from the separate Frax Shares token entry at 0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0. The provider now assigns both records the same FRAX symbol; a symbol alone must not select the subject. These are primary documentary observations from the pinned files. No deployed bytecode, live transaction, reserve backing, redemption, controller ownership, beneficial ownership, voting concentration, current liquidity or complete incident history was independently checked. No current market price, investment return or score is established.
Inspect the primary source ↗bgd-labs/aave-address-book: README.md (c8f1011decd0)
The Aave address book README describes a registry of ecosystem contract addresses for Solidity and JavaScript applications. Its Ethereum example pairs the AaveV3Ethereum module with chain identifier 1. Generated registries and published package versions identify what documentation is being read. This review did not run the advertised generation, sanity or verification tests. This review read the pinned primary files and their licence captures. No deployed bytecode, transaction, network node, controller balance or governance vote was independently inspected. Current ownership, concentration, operational activity, market conditions and complete incident history remain unknown. These documentary observations provide no scoring coverage or forecast of investment returns.
Inspect the primary source ↗FraxFinance/frax-solidity: README.md (30532c8cefcb)
The pinned Frax repository README presents its historical V1 fractional-algorithmic design, implemented on Ethereum, with separate FRAX stablecoin and FXS governance-token roles. It describes a mechanism that raises or lowers a collateral ratio depending on the stablecoin price relative to 1 dollar and names time-weighted Uniswap prices and Chainlink prices as V1 oracle inputs. These are historical design statements. The document does not verify present collateral backing, current deployment parameters, governance, market price or successor designs. These are primary documentary observations from the pinned files. No deployed bytecode, live transaction, reserve backing, redemption, controller ownership, beneficial ownership, voting concentration, current liquidity or complete incident history was independently checked. No current market price, investment return or score is established.
Inspect the primary source ↗Only original summaries are distributed. Licensed raw market data stays private.