COIN

Accept Frax Share Payments

Coino Live does not accept FXS yet. You can accept these coins today:

ABOUT

What is Frax Share?

The Frax Protocol stands out as the pioneering fractional-algorithmic stablecoin system. Frax operates openly, without permission, and entirely on-chain, presently operating on Ethereum (with potential cross-chain expansions ahead). Its ultimate objective? To offer a highly scalable, decentralized, algorithm-based monetary system, challenging fixed-supply digital assets like BTC. The protocol embodies several fundamental concepts:

Fractional-Algorithmic Design: Frax is an exceptional stablecoin. It combines collateral-backed portions with algorithmic portions in its supply. The ratio between collateralized and algorithmic segments adapts based on the market's valuation of the FRAX stablecoin. If FRAX surpasses $1 in trading, the protocol reduces the collateral ratio; if it falls below $1, the protocol increases the collateral ratio.

Decentralization & Minimal Governance: Governed by the community, the protocol champions a largely autonomous, algorithm-driven approach devoid of active management.

On-Chain Oracles: Frax v1 utilizes Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.

Dual Tokens: FRAX represents the stablecoin, aiming for a tight band around $1/coin. Frax Shares (FXS) serve as the governance token, accruing fees, seigniorage revenue, and excess collateral value.

Before Frax, stablecoins fell into three categories: fiat-collateralized, cryptocurrency overcollateralized, and non-collateralized algorithmic variants. Frax redefines stablecoins by introducing the fractional-algorithmic type, marking the emergence of a fourth, uniquely distinct category.

QUESTIONS, ANSWERED

Frax Share, explained.

Can I accept Frax Share with Coino Live?

Not yet. Today you can accept: BTC, LTC, ETH, BNB, POL, TRX, SOL, USDT, USDC, TON, SHIB, JST, NOT, WIN, TUSD, QNT, AXS, NFT, GMT, NEXO, AXL, USDD, UNI, DOGS, COMP, TWT, LDO, ENJ, 1INCH, TRB, WBTC, HMSTR, CRV, PENDLE, OKB, SUPER, DAI, LINK, ATOM, GT, C98, XAUT, AAVE, SAND, INJ, HOT, BEAM, FDUSD, FET, API3, DEXE, BAT, SNT, WLD, CHZ, ENA, MANA, ZRX, USDE, GALA, PIXEL, USDS, JASMY, ARB, VIRTUAL, IMX, MNT, W, ZRO.

What is the all-time high of Frax Share?

Frax Share reached its all-time high of $42.80 on 12 January 2022.

Start accepting crypto today.

Accept BTC, LTC, ETH, BNB, POL, TRX, SOL, USDT, USDC, TON, SHIB, JST, NOT, WIN, TUSD, QNT, AXS, NFT, GMT, NEXO, AXL, USDD, UNI, DOGS, COMP, TWT, LDO, ENJ, 1INCH, TRB, WBTC, HMSTR, CRV, PENDLE, OKB, SUPER, DAI, LINK, ATOM, GT, C98, XAUT, AAVE, SAND, INJ, HOT, BEAM, FDUSD, FET, API3, DEXE, BAT, SNT, WLD, CHZ, ENA, MANA, ZRX, USDE, GALA, PIXEL, USDS, JASMY, ARB, VIRTUAL, IMX, MNT, W, ZRO on your website, in invoices and payment links.

Create an account