Buy Frax Share (FXS)

Frax Share price (AUD)

$0.00

0.00%

AUD

FXS

We charge 0.6% on all trades

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Frax Share?

FXS token is a non-stable utility token for the Frax protocol. The token itself was designed for volatility and governance on the system. However, it is worth noting that the limited governance model integrated with this token was created with the mission to design trustless money and minimal interference. The philosophy is that with less regulation, there is less room for disagreement. Some of the parameters that can be voted on include adding or adjusting collateral pools and modifying the fees/ collateral ratio. As long as the demand for FRAX continues, the FXS tokenomics model operates with a fixed, deflationary supply. As FXS’s market cap increases, the system’s ability to stabilise FRAX also increases. When considering the overall market capitalisation of FXS tokens, the white paper suggests calculating the future expected netted from FRAX tokens seigniorage in perpetuity, cash flow from redemption fees and minting, and unused collateral.  Additionally, FXS holders can generate veFXS by locking FXS tokens up. veFXS grants special governance and AMO profits.

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Frax Share (FXS)

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