Frax Share (FXS) is the governance token of the Frax protocol, a decentralized stablecoin that uses a fractional-algorithmic approach to maintain a price target of $1. FXS holders have the ability to submit and vote on proposals to govern the protocol, such as changes to the algorithmic monetary policy and collateral types. Additionally, FXS can be staked to earn rewards in the form of FTM, the native token of the Fantom blockchain that Frax is built on.
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Frax Share is not audited by CertiK.
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