FXS Frax Share

Acerca de Frax Share

Frax Finance (Frax for short), formerly known as Decentral Bank, is a fractional-algorithmic stablecoin protocol. Frax is an open-source, permissionless, and fully on-chain protocol, currently running on Ethereum (cross-chain operation may be realized in the future). The ultimate goal of the Frax protocol is to provide a highly scalable and decentralized algorithmic currency to replace fixed-supply digital assets such as BTC. FRAX is a stablecoin, and its target price is around 1 USD per coin. Frax Shares (FXS) is a governance token that can accumulate fees, hold revenue, and capture excess collateral value. Frax (FRAX) is a partially algorithmic stablecoin. Its supply is partly supported by collateral and partly stabilized by algorithms. The collateral ratio depends on the market price of the FRAX stablecoin. If the trading price of FRAX is higher than $1, the protocol reduces the collateral ratio. If the trading price of FRAX is less than $1, the protocol increases the collateral ratio.

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