Frax is a fractional-algorithmic stablecoin, partially secured by collateral, partially algorithmically stabilized. Stablecoin is fully managed by the community.

Frax news today, FRAX crypto latest news of token ticker

Frax

The Frax protocol is the first stablecoin system with a fractional algorithmic system. It has an open-source code that does not require permission and is linked to a chain. Implemented on Ethereum.

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Frax Share

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Hey Guys, we’re very happy to be finally releasing the airdrop weights. veFXS will receive the full airdrop weight. tFXS will receive  about the same weight as shortly-locked veFXS, and UniV2 FRAX-FXS LP tokens staked with Frax will get 1/2 weight post boost. Please note this is only if you’ve locked the LP tokens in the staking contract, non-staked FRAX-FXS LP tokens won’t get any airdrop.

Hey Guys, we're very happy to be finally releasing the airdrop weights. veFXS will receive the full airdrop weight.