Frax Share
(FXS)$ 2.72
9.32 % (24H)Frax Share Data
Price Range (24H)
Lowest
$ 2.7
Highest
$ 3.023
ATH
$ 43.93
Price Change (24h)
9.32 %
Price Change (7d)
0 %
Market Cap
$ 271,805,000
24h Volume
$ 8,956,940
Circulating Supply
85,710,700
Max Supply
-1
Frax Share Overview
The Frax Share token (FXS) is a non-stable, utility token that holds rights to governance and all utility of the Frax protocol. It has a highly governance-minimized approach to designing trustless money and eschews DAO-like active management. FXS tokens can be used for adding/adjusting collateral pools, adjusting various fees, and refreshing the rate of the collateral ratio. The FXS token has the potential for upside and downside utility of the system, and the supply is initially set to 100 million tokens at genesis. The design of the protocol is such that FXS would be largely deflationary in supply as long as FRAX demand grows.