Frax Share
Frax Share
FXS
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- Feb 7,2024Frax Finance announced the launch of its modular Layer 2 blockchain, Fraxtal, aiming to provide enhanced scalability and flexibility for decentralized applications.
- Feb,2023Frax Finance introduced Frax BP (Bancor Protocol), deepening the protocol’s integration within the decentralized finance space.
- Aug,2022Frax Protocol launched Frax Finance V3, further optimizing the algorithmic stabilization mechanism and enhancing collateral asset diversity.
- Apr,2022Frax Finance launched Frax ETH (FraxEthereum), allowing users to stake Ethereum and receive a new stable asset issued by Frax.
- Jun,2021Frax Protocol integrated FRAX into major DeFi protocols like Uniswap and Sushiswap, boosting liquidity and market presence.
Frax Share Info
- Feb 7,2024Frax Finance announced the launch of its modular Layer 2 blockchain, Fraxtal, aiming to provide enhanced scalability and flexibility for decentralized applications.
- Feb,2023Frax Finance introduced Frax BP (Bancor Protocol), deepening the protocol’s integration within the decentralized finance space.
- Aug,2022Frax Protocol launched Frax Finance V3, further optimizing the algorithmic stabilization mechanism and enhancing collateral asset diversity.
- Apr,2022Frax Finance launched Frax ETH (FraxEthereum), allowing users to stake Ethereum and receive a new stable asset issued by Frax.
- Jun,2021Frax Protocol integrated FRAX into major DeFi protocols like Uniswap and Sushiswap, boosting liquidity and market presence.
Frax Share Team
OrganizationsFrax Share Intro
Frax Shares (FXS) is the governance token of the Frax Protocol, a decentralized stablecoin system that combines collateralization with algorithmic adjustments. Frax is unique in its approach, categorizing itself as a fractional algorithmic stablecoin—partly backed by collateral and partly governed by algorithms that adjust the collateral ratio based on the price of the stablecoin (FRAX).
The Frax protocol operates in a decentralized manner, governed by the community, with decisions made algorithmically and no active management. The protocol uses a full-chain oracle system, incorporating data from Uniswap and Chainlink to maintain accuracy.
Frax’s goal is to provide a highly scalable, decentralized currency to replace fixed-supply assets like Bitcoin. The FRAX stablecoin is designed to stay close to a $1 peg, while FXS accumulates fees, mint revenues, and the value from excess collateral, offering holders the ability to shape the protocol's future.
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Frax Share Timeline
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Frax Shares (FXS) is the governance token of the Frax Protocol, a decentralized stablecoin system that combines collateralization with algorithmic adjustments. Frax is unique in its approach, categorizing itself as a fractional algorithmic stablecoin—partly backed by collateral and partly governed by algorithms that adjust the collateral ratio based on the price of the stablecoin (FRAX).
The Frax protocol operates in a decentralized manner, governed by the community, with decisions made algorithmically and no active management. The protocol uses a full-chain oracle system, incorporating data from Uniswap and Chainlink to maintain accuracy.
Frax’s goal is to provide a highly scalable, decentralized currency to replace fixed-supply assets like Bitcoin. The FRAX stablecoin is designed to stay close to a $1 peg, while FXS accumulates fees, mint revenues, and the value from excess collateral, offering holders the ability to shape the protocol's future.