Institutions
FXS is only available to store
This asset is currently unavailable to trade on Gemini. You can store FXS and transfer it with a compatible external wallet.
$3.88
-$4.75 (-55.04%)
Past year
Volume (24H)
--
Circulating Supply
85.71M
Market Cap
$316.8M
About Frax Share (FXS)
Frax Finance is a decentralized lending platform which issues the FRAX stablecoin. Frax Finance algorithmically sustains the value of FRAX through the use of fractional collateral reserves. The collateral used on Frax Finance is split between an accepted collateral (e.g. ether) and Frax Finance’s governance token, FXS. The collateralization ratio for FRAX changes based on its price.
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Frax Share Cryptopedia articles
Frax (FRAX): A New Kind of Stablecoin
Cryptopedia Staff • 5 min read
See more
Frax Share links and resources
Frax Finance whitepaper
Frax Finance website
