We’re excited to announce that Frax, the innovative stablecoin protocol, is now integrated with Formo’s Web3 Form Builder! This integration allows Frax developers and Web3 projects to create effortlessly web3 forms and surveys, capturing onchain and offchain data, and engaging their community.

Frax x Formo

Why Frax?

Frax is a decentralized finance (DeFi) protocol known for its innovative approach to stablecoins. It operates a unique model that combines both collateralized and algorithmic mechanisms to maintain the stability of its primary stablecoin, FRAX, which is pegged to the US dollar. The network also includes other stablecoins such as the Frax Price Index (FPI) and frxETH, alongside various subprotocols that enhance its functionality.

What does this mean for you?

With Frax’s integration, you can now easily create token-gated forms and surveys for the Frax ecosystem. Whether you’re analyzing onchain user activity, or collecting feedback from your web3 community, Frax’s integration into Formo provides the boost you need to take your dapp’s growth and engagement to the next level.

Blockchains supported by Formo

You can:

• Create forms that utilize onchain data from Frax, such as token and NFT balances. 

• Implement surveys and collect responses for Frax dapps, users, and communities.

Yos Riady, Founder of Formo, shares his enthusiasm:
"Frax's integration gives you full access to onchain data to inform your product decisions. We're excited to see how Formo helps builders use Frax's blockchain data to engage with their community."

Getting Started with Frax on Formo

Accessing Frax’s data is now easier than ever on Formo. When creating a form, simply choose Frax as your preferred blockchain, and you have full access to onchain data from the Frax network. 

How to connect to the Frax network in your web3 Form:

Step 1: Go to Formo: https://app.formo.so/

Step 2: Sign in and create a form

Step 3: Go to Access Gate in the Settings page and choose “Add Requirement”. You can select an ERC20 Token or a Native Token based on your needs.

Step 4: Select the “Frax” network, search or paste your token address

Step 5: Set the minimum amount and name your requirement

Step 6: Click on “Add requirement” to complete.

Next, you can publish and share the form to start collecting responses. You’ll be able to engage with your most active users and gain actionable insights to build products people want.

What’s next?

We’re committed to integrating more blockchains and offering additional features to support your web3 data and analytics needs. If there’s a blockchain you’d love to see on Formo, let us know, and we’ll work to make it happen!

Get started with Frax and Formo today!