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Frax ShareFXSRank #84 Token
Frax Share Price (FXS)
Frax Share (FXS) Chart
Frax Share (FXS) Return On Investment(ROI)
Frax Share (FXS) Price Now
Frax Share price today is $6.54 with a 24-hour trading volume of $2,768,021. FXS price is down -0.63% in the last 24 hours. It has a circulating supply of 72.23Mil FXS tokens and a max supply of 100Mil.
In order to search for real-time and historical information about Frax Share (FXS) blockchain, including data related to blocks, transactions, addresses, and more, you may use Frax Share (FXS) block explorers. Here are some of the most popular and useful Frax Share (FXS) blockchain explorers out there:
What Is Frax Share(FXS)?
The Frax Share token (FXS) is the non-stable, utility token in the protocol. It is meant to be volatile and hold rights to governance and all utility of the system. It is important to note that the team takes a highly governance-minimized approach to designing trustless money in the same ethos as Bitcoin.
What Are the Features of Frax Share(FXS)?
The FXS token has the potential of upside utility and downside utility of the system, where the delta changes in value are always stabilized away from the FRAX token itself. FXS supply is initially set to 100 million tokens at genesis, but the amount in circulation will likely be deflationary as FRAX is minted at higher algorithmic ratios. The design of the protocol is such that FXS would be largely deflationary in supply as long as FRAX demand grows.
The FXS token’s market capitalization should be calculated as the future expected net value creation from seigniorage of FRAX tokens in perpetuity, the cash flow from minting and redemption fees, and utilization of unused collateral. Additionally, as the market cap of FXS increases, so does the system’s ability to keep FRAX stable. Thus, the priority in the design is to accrue maximal value to the FXS token while maintaining FRAX as a stable currency. As Robert Sam’s described in the original Seigniorage Shares whitepaper: "Share tokens are like the asset side of a central bank’s balance sheet. The market capitalisation of shares at any point in time fixes the upper limit on how much the coin supply can be reduced." Likewise, the Frax protocol takes inspiration from Sams’ proposal as Frax is a hybrid (fractional) seigniorage shares model.
Who Are the Founders of Frax Share(FXS)?
Frax's founders are Sam Kazemian (Co-Founder & CEO) and Jason Huan (Co-Founder). Sam Hamidi-Kazemian is an Iranian-American software programmer. He founded Everipedia with Theodor Forselius in December 2014 and later served as its President. In 2019, he began development of Frax, a fractional stablecoin cryptocurrency.
How Does Frax Share(FXS) Work?
Frax uses ideas from Uniswap and AMMs to build a novel hybrid stablecoin design never seen before. In a Uniswap pool, the ratio of asset A and B has to be proportional due to the constant product function. The LP token is just a pro rata claim on the pool + fees so it is usually increasing in value (if fees higher than impermanent loss) or loses value (if impermanent loss greater than fees). The LP token is just passive claims on the pool.
Frax takes that idea and turns it over to design a unique stablecoin. The LP token is the stablecoin, FRAX. It is the object of stabilization and always mintable/redeemable for $1 worth of collateral and the governance (FXS) token at the collateral ratio. This ratio of the two assets (collateral and FXS) dynamically changes based on the price of the stablecoin. If the stablecoin price is dropping, then the protocol tips the ratio in favor of collateral and less in the FXS token to regain confidence in FRAX. An arbitrage opportunity arises for people wanting to put in collateral into the pool at the new ratio for discounted FXS which the protocol mints for this "recollateralization swap." This recollateralizes the protocol to the new, higher collateral ratio.
If FRAX is over $1, then the protocol tips the collateral ratio to the FXS token to measure the market's confidence in more FRAX supply being stabilized algorithmically. As FRAX becomes more algorithmic, the excess collateral can go back to FXS holders through a buyback shares function that anyone can call to burn their FXS tokens for an equal value of excess collateral. The "buyback swap" function always keeps value accruing to the governance token any time there is excess fees/collateral/value in the system.
Where Can You Buy Frax Share(FXS)?
Investing in Frax Share can seem complicated, but it is much easier when you buy Frax Share through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Frax Share — both for fiat money and other cryptocurrencies. Some of the most popular Frax Share cryptocurrency exchange are:
What is Frax Share (FXS) Contracts address?
Frax Share FAQ
What is the price of Frax Share (FXS) token?
The current Frax Share usd price is $6.54. We update the Frax Share USD price in real time. Get live prices of Frax Share on different cryptocurrency exchanges around the world on Coincarp.
Is Frax Share (FXS) token a good investment?
It depends on your personal risk tolerance and investment goals. Frax Share is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Frax Share investing, you will also need to understand the Frax Share project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Frax Share investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Frax Share (FXS) token token?
You can buy Frax Share from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Frax Share. Cryptocurrency exchanges that currently support Frax Share trading include:
If there is any error, please feedback to us, our email is firstname.lastname@example.org. Please be aware that buying and selling Frax Share involves high risks.You should always do your own research and make sure you understand the risks associated with Frax Share trading before you begin.
How to short Frax Share (FXS) token?
The easiest way to short Frax Share is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
To start shorting Frax Share, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Frax Share or any other cryptocurrency is high-risk. Exchanges that currently support shorting Frax Share are:
What will Frax Share (FXS) token be worth in 5 years?
It is impossible to predict what Frax Share will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Frax Share's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Frax Share 5 years from now.
FXS Price Statistics
- Frax Share Price Today
Frax Share Price
24h Low / 24h High
$6.51 / $6.66
Trading Volume 24h
Volume / Market Cap(%)
- Frax Share Market Cap
Fully Diluted Market Cap
- Frax Share Price History
7d Low / 7d High
$6.41 / $7.13
30d Low / 30d High
$5.86 / $7.99
90d Low / 90d High
$5.86 / $10.88
52 Week Low / 52 Week High
$3.9 / $14.21
All Time High
All Time Low
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