FXS Live Price
Overview
Price
$2.58
24h% change
2.8%
Volume (24h)
$30.025M
Market Cap
$221.423M
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.
Where to Accept fxs?
We offer easy crypto currency payment solutions through our service, allowing you to receive Frax Share and over 233 other digital monies. Improve your customers' experiences and broaden your payment choices without hassle.
What is the all-time high for Frax Share (fxs)?
Frax Share’s historic highest price is $42.80, which was recorded on 12th of January 2022. Currently, Frax Share’s price is %94 Lower than its historic high.
What is the all-time low for Frax Share (fxs)?
Frax Share’s historic lowest price is $1.50, which was recorded on 25th of June 2021. Currently, Frax Share’s price is %71.7 Higher than its historic low.
What are the most important factors affecting the price of Frax Share (fxs)?
Let's take a look at the important factors that impact Frax Share's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.
