What is Frax Share (FXS)?


Frax is the first fractional stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and 12 other chains. It aims to provide a highly scalable, decentralized, algorithmic currency in place of fixed-supply digital assets like BTC.  Frax is the first and only stablecoin with parts of its supply backed by […]