TechFlow news — According to an official announcement, FTX will list Frax Share (FXS) spot and perpetual contracts on March 24 at 14:00 UTC. The trading pairs to be listed are FXS/USD and FXS-PERP. Deposits and withdrawals for FXS will open on March 24 at 02:00 UTC.
The dual-token system created by Frax Finance consists of the FRAX stablecoin and Frax Share (FXS). Its hybrid design allows users to utilize FRAX, which is partially pegged to the U.S. dollar, while FXS, serving as the governance token, accumulates value through fees, seigniorage income, and over-collateralization. The protocol’s pool contracts are backed by USDC, and through governance, assets can be added to or removed from the pool.
Add to Favorites
Share to Social Media
