name: Frax Finance API FinOps
description: >
  Frax Finance's public REST APIs are free to use with no direct cost to
  consumers. The protocol generates revenue through its AMO (Algorithmic Market
  Operations) — deploying protocol-owned collateral into yield-generating DeFi
  positions across Curve, Convex, Fraxlend, Aave, Compound, and Uniswap V3 —
  rather than charging for API access. Protocol revenue accrues to veFXS holders
  via buybacks and yield distribution. There are no subscription fees, usage
  charges, or overage costs for API consumers.
costs:
  apiAccess:
    model: free
    price: 0.00
    currency: USD
    notes: >
      All public endpoints (combineddata, pools, Swagger docs) are free and
      unauthenticated. No API key purchase or subscription required.
  subgraphAccess:
    model: free-tier-available
    provider: The Graph
    url: https://thegraph.com/explorer/profile/0x6e74053a3798e0fc9a9775f7995316b27f21c4d2?view=Subgraphs
    notes: >
      Frax Finance subgraphs on The Graph are accessible via The Graph's free
      query allocation. High-volume consumers may need to pay GRT for additional
      queries under The Graph's decentralized network model.
protocolRevenue:
  sources:
    - AMO yield on Curve and Convex positions
    - Fraxlend interest income
    - Aave and Compound lending yield
    - Uniswap V3 LP fees
    - frxETH validator staking rewards (net of frxETH holder distributions)
  distribution:
    - veFXS holders receive protocol revenue share
    - FXS buybacks and burns reduce supply
budgetingGuidance:
  - No API cost line item needed for standard usage
  - Factor in The Graph GRT costs if running high-volume historical subgraph queries
  - Infrastructure costs (caching layer, CDN) should be provisioned client-side to avoid rate throttling