How to mint FRAX?

Could you elaborate on the process of minting FRAX? I'm particularly interested in understanding the steps required and any prerequisites that may be necessary. For instance, do I need to have a certain amount of collateral? Is there a specific platform or wallet I should use? Also, how long does the process typically take? Additionally, what are the risks involved in minting FRAX, and how can I mitigate those risks? Your insights would be greatly appreciated as I'm considering adding FRAX to my cryptocurrency portfolio.