Frax Share Price: FXS USD Live Chart
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About Frax Share:
Frax is a fractional stablecoin protocol that aims to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol includes two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has a pool contract which holds USDC collateral.
FXS is the value accrual and governance token of the entire Frax ecosystem. Parameters that are up for governance through FXS include adding/adjusting collateral pools, adjusting various fees (like minting or redeeming), and refreshing the rate of the collateral ratio.