The live price of Frax Share is $ -- (FXS/USDT) today with a current market cap of $ 399.61M. 24-hour trading volume is $ 16.05M. FXS to USDT price is updated in real-time. FXS is 0.00% in the last 24 hours. It has a circulating supply of 79.04M USDT.
FXS Market Information
Popularity
#174
Market Cap
399.61M
24h Volume
16.05M
Circulation Supply
79.04M
About(FXS)
Frax (FRAX) is a fractional algorithmic stablecoin partially backed by collateral and partially stabilized algorithmically. The ratio of collateralization and algorithmic depends on the market price of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateralization ratio. If FRAX is trading at under $1, the protocol increases the collateralization ratio.
FAQ About Frax Share (FXS)
What Is Frax Share (FXS)?
Frax Share (FXS) is the native governance token associated with the Frax protocol. The Frax protocol is designed as a decentralized algorithmic stablecoin system built on the Ethereum blockchain. Frax aims to maintain a stable value by using a combination of collateralized assets and a governance mechanism to control the token's supply.
