# Welcome Blindex is the first multi-currency fractional-algorithmic stablecoin protocol It is an open-source, permissionless, and entirely on-chain – currently implemented on RSK and potentially on additional chains in the future. The end goal of the Blindex protocol is to replace all traditional financial systems and therefore it calls for being completely stable, all-inclusive and 100% decentralized. Blindex is derived from [Frax'](https://frax.finance/)s protocol with its new paradigm in stablecoin design. It brings together familiar concepts into a never before seen protocol, this time on a multi-currency scale. ![Mint, swap, trade, invest and redeem ANY FX pegged coin. All coins are partially collateralized, algorithmically stabilized and completely decentralized. ](https://1704314926-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MSa3XD6NnSamFC-W0XN%2Fuploads%2F4HL0zIbZM73cRkgtSRYx%2FNew%20Project%20\(10\).png?alt=media\&token=faebfd72-9601-421a-8c7b-23227ce1a4fc) \ \ **Follow us** Website: \ App: \ Telegram: \ Twitter: \ Discord: \ Medium: