Frax Share
FXS
Frax Share (FXS) Feed: Events, News & Roadmap
Frax Share to Hold Snapshot on April 17th
Frax Share has announced a change in the schedule for the staking of veFXS on Fraxtal. The second snapshot date for FXTL points has been postponed to …
Frax Share to Be Listed on BitVenus on February 27th
BitVenus will list Frax Share (FXS) on February 27th.
Listing on BigONE
FXS will be listed on BigONE
New FXS/USDT Trading Pair on Fairdesk
Fairdesk will open trading for 11 perpetual trading pairs on at 2023-03-22 08:00 AM (UTC)
Listing on BitForex
FXS will be listed on BitForex
Listing on LBank
FXS will be listed on LBank
Listing on AAX
Listing on Bityard
Listing on FTX
Listing on BKEX
Listing on ApeSwap
Listing on KuCoin
Listing on CoinBene
Listing on MXC
Listing on Gate.io
Frax Share Events on the Chart
What is Frax Share?
Frax (FRAX) is a fully decentralized stablecoin protocol that uniquely combines algorithmic management with collateral backing to create a novel hybrid approach. Notably, Frax is the first fractional-reserve stablecoin of its kind.
Typically, stablecoins are either fully collateral-backed (such as USDT) or fully algorithmic (like Ampleforth). Frax melds these two approaches together, creating a dynamic blend of collateralization and algorithmic stabilization.
In cases where the stablecoin trades below its peg of one US dollar, the introduction of algorithmic regulation helps to burn tokens until the price restores to a dollar. If the token trades above its one-dollar price, the system mints more Frax tokens to sell, thus stabilizing the price.
Frax (FRAX) has a secondary token, FRAX Shares (FXS), which is used for governance and participation in the Frax ecosystem. This means FXS holders have voting rights on governance matters and stabilization of the stablecoin. FXS holders are also entitled to a share of the fees earned in the Frax system.