Frax Share USD

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.