About Frax Share (FXS)
Frax Share (FXS) operates within the realm of Frax Finance as the governance and utility token of the fractional-algorithmic stablecoin system, FRAX. The system blends collateral backing with algorithmic adjustments to maintain its stablecoin's value close to a dollar. It adapts its mechanics depending on market conditions, ensuring stability and efficiency in its operations.
Leveraging smart contract technology and decentralized finance (DeFi) mechanisms, Frax's technology stack includes AMO (Algorithmic Market Operations) controllers for autonomous monetary policies, and it utilizes on-chain oracles for accurate price feeds. The integration of Fraxlend and Fraxswap as internal stability mechanisms, alongside collaborations with external protocols like Curve, showcases the project’s approach to maintain FRAX's dollar peg.
FXS is facilitating governance decisions, staking mechanisms for interest accrual, and the dynamic adjustment of the stablecoin's collateralization ratio through minting and burning processes. Such operations play a critical role in the adaptive management and stability of the FRAX stablecoin. They ensure that the stablecoin can effectively respond to market dynamics.
The live price of Frax Share (FXS) is updated and available in real time on Binance.