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Easily convert INDY to FRAX with ConvertOnline's efficient tool.
Indigo Protocol (INDY) is a decentralized finance (DeFi) protocol that enables users to create and manage synthetic assets on the blockchain. It utilizes smart contracts to allow for the minting of assets that mirror the value of real-world assets, facilitating trading, hedging, and exposure to a variety of markets.
Frax (FRAX) is a unique stablecoin that combines the benefits of both algorithmic and collateralized stablecoins. It is designed to maintain its peg to the US dollar while providing a decentralized and scalable solution for users in the cryptocurrency space.