The live price of Bitcoin is $ --(FXS/USDT)today with a current market cap of $ 266.68M. 24-hour trading volume is $ 10.21M, representing a 0.00% changes from one day ago. FXS is 0.00% in the last 24 hours. It has a circulating supply of 80.23M USDT.
The highest price paid for Frax Share is -, which was recorded on - (almost -). Comparatively, the current price is - - lower than the all-time high price.
The lowest price paid for Frax Share is -, which was recorded on - (almost -). Comparatively, the current price is - - higher than the all-time low price.
FXS Market Information
Popularity
#193
Market Cap
266.68M
24h Volume
10.21M
Circulation Supply
80.23M
About(FXS)
Frax (FRAX) is a fractional algorithmic stablecoin partially backed by collateral and partially stabilized algorithmically. The ratio of collateralization and algorithmic depends on the market price of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateralization ratio. If FRAX is trading at under $1, the protocol increases the collateralization ratio.
Frax Share (FXS) is the native governance token associated with the Frax protocol. The Frax protocol is designed as a decentralized algorithmic stablecoin system built on the Ethereum blockchain. Frax aims to maintain a stable value by using a combination of collateralized assets and a governance mechanism to control the token's supply.