Frax Share

Frax Share USD


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About Frax Share

Frax (FRAX) is a fractional algorithmic stablecoin partially backed by collateral and partially stabilized algorithmically. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. Frax Share (FXS) is the non-stable governance token of FRAX and is used for governance, staking, minting, redeeming and rewarding.


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