What is the difference between FRAX and Lusd?

Could you elaborate on the key differences between FRAX and Lusd in the realm of cryptocurrency? FRAX, as I understand, is a fractional-algorithmic stablecoin designed to maintain a pegged value through a combination of algorithmic expansion and collateralization. On the other hand, Lusd seems to be a decentralized stablecoin backed by a basket of assets. What are the fundamental distinctions in their underlying mechanisms, collateralization strategies, and potential risks? Additionally, how do they compare in terms of liquidity, adoption, and overall market performance?