Convert NEAR Protocol to Legacy Frax Dollar (NEAR → FRAX)

Swap NEAR to FRAX on NEAR in seconds. Powered by NEAR Intents.

Swap NEAR to FRAX

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NEAR to FRAX rate today

1 NEAR ≈ 4.56 FRAX and 1 FRAX ≈ 0.2195 NEAR, based on market prices at 2026-09-22 09:42 UTC. The quote in the widget above is what you actually receive, fees included.

TokenPrice24h
NEAR Protocol (NEAR)$4.53+6.11%
Legacy Frax Dollar (FRAX)$0.9942+0.17%

How to convert NEAR Protocol to Legacy Frax Dollar

Converting NEAR to FRAX on NEAR Mobile Swap is done in three simple steps through the NEAR Intents protocol: Deposit, Swap, and Withdraw.

Step 1 — Deposit NEAR from NEAR
Go to the Deposit tab and select NEAR Protocol (NEAR) on NEAR. The widget will generate a deposit address (or QR code) — send your NEAR there from any wallet. Once the deposit is confirmed on NEAR, your NEAR balance appears inside NEAR Intents.

Step 2 — Swap NEAR to FRAX on NEAR Intents
Switch to the Swap tab, pick NEAR as the source and FRAX as the target. Enter the amount and confirm — solvers compete to fill your order and the swap settles in seconds.

Step 3 — Withdraw FRAX to NEAR
Finally, go to the Withdraw tab. Select Legacy Frax Dollar (FRAX) from your NEAR Intents balance and choose NEAR as the destination. Enter an address from a NEAR wallet such as NEAR Mobile or Meteor and confirm.

⚠ Important: When entering a withdrawal address, make sure it is a personal wallet you control. Some centralized exchanges do not support receiving funds from smart-contract-based deposits — sending to an exchange address may result in lost funds.

About the NEAR → FRAX swap

NEAR and FRAX both live on NEAR, so you deposit and withdraw on the same network. NEAR Intents still routes the trade through its solver network, which means you get a competitive quote without picking a DEX or an aggregator yourself.

Swapping NEAR to FRAX converts a volatile asset into a dollar-pegged stablecoin — a common way to lock in a price or step out of market swings without off-ramping to a bank account.

About NEAR Protocol and Legacy Frax Dollar

What is NEAR Protocol (NEAR)?

NEAR Protocol is a smart contract platform co-founded by Illia Polosukhin and Alexander Skidanov, with its mainnet going live in 2020. The network focuses on usability, offering human-readable account names such as alice.near instead of long hexadecimal addresses. It is also the chain behind NEAR Intents, the cross-chain swap system that NEAR Mobile Swap uses.

Type
Layer-1 blockchain
Launched
2020
Consensus
Proof of Stake (Nightshade sharding)
Max supply
No fixed cap
Swap network
NEAR
Sector (Messari)
Smart Contract Platform
NEAR Protocol official site ↗Sector classification by Messari ↗

How NEAR Protocol works

Validators stake NEAR in a Proof of Stake system to produce blocks and confirm transactions. Nightshade sharding splits the network into parallel shards that process transactions side by side, which lets capacity grow as more shards are added.

What NEAR is used for

NEAR is spent on transaction fees and contract storage, and it is delegated to validators by holders who want staking rewards. Developers also use the chain for decentralized apps, AI agents and chain abstraction tools that operate across several blockchains.

NEAR supply

NEAR started with a genesis supply of one billion tokens and has no hard cap. New tokens are minted each epoch to reward validators, with the maximum annual inflation rate halved from 5% to 2.5% in October 2025, while 70% of transaction fees are burned.

Before you swap NEAR

When withdrawing to NEAR, you can send to a named account (like name.near) or to a 64-character implicit account, so check you have the correct one. Keep a little NEAR in your wallet to cover gas and storage for future transactions.

What is Legacy Frax Dollar (FRAX)?

FRAX is the first stablecoin issued by Frax Finance, the protocol founded by Sam Kazemian, and it went live on Ethereum in December 2020. After Frax's North Star upgrade in April 2025 the token was relabelled Legacy Frax Dollar, while the newer frxUSD became the protocol's main stablecoin and the FRAX ticker for governance passed to the former FXS token.

Type
USD stablecoin (legacy Frax)
Launched
2020
Consensus
Issued on Ethereum; bridged to NEAR
Max supply
No fixed cap
Swap network
NEAR
Legacy Frax Dollar official site ↗

How Legacy Frax Dollar works

The coin launched with a fractional-algorithmic design, backed partly by collateral and partly by the protocol's own share token, and Frax governance later moved it to full collateralization. The version listed here is the Ethereum ERC-20 locked in NEAR's Rainbow Bridge and minted as a NEP-141 token under factory.bridge.near.

What FRAX is used for

Holders use it as a dollar-denominated unit in DeFi pools and lending markets where FRAX liquidity still exists. On NEAR it mainly serves as a bridged stable asset for moving value to and from Ethereum-based Frax positions.

FRAX supply

There is no fixed cap: FRAX is minted when collateral enters the protocol and burned on redemption, so supply follows demand for the dollar token.

Before you swap FRAX

This is the USD-pegged legacy stablecoin, not the new FRAX governance token (ex-FXS) and not frxUSD, so check what you are receiving. It moves on NEAR here, and a small NEAR balance covers later transactions.

Looking for the reverse?Convert FRAX to NEAR →
More swaps:All NEAR pairs →All FRAX pairs →

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NEAR to FRAX: frequently asked questions

What to know before swapping NEAR Protocol for Legacy Frax Dollar

Deposit NEAR from NEAR into NEAR Intents, swap it for FRAX, then withdraw FRAX to your wallet on NEAR. The widget on this page walks you through all three steps and shows the exact amount you will receive before you confirm.