Frax Share company info

What does Frax Share do?
Frax Share (CRYPTO:FXS) is a governance token for the Frax protocol, a decentralized finance (DeFi) protocol that provides a stablecoin called Frax. Frax is a fractional-algorithmic stablecoin, meaning that it is backed by a basket of assets, including the US dollar and ETH. Frax Share holders can use their tokens to vote on proposals that affect the Frax protocol, such as changes to the minting and burning of Frax tokens. FXS holders also earn a portion of the fees generated by the Frax protocol. Frax Share's operations are focused on developing and maintaining the Frax protocol, and on promoting the adoption of Frax by businesses and organizations around the world. The Frax Share team is working on a number of projects, including developing new Frax-based applications and tools, integrating Frax with other DeFi protocols and ecosystems, and building a community of Frax Share users and developers. Frax Share's objectives are to make Frax the most widely used stablecoin in the world, and to promote the development of a decentralized financial system. The Frax Share team believes that Frax can play a major role in achieving these objectives by providing a stable and reliable means of exchange and payment.
Frax Share company media
Company Snapshot

How many people does Frax Share employ?

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Employees
11-50

What is the market cap for Frax Share?

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Market Cap
$362.94M

Where is the head office for Frax Share?

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Head Office
Cayman Islands

What year was Frax Share founded?

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Year Founded
2019
What does Frax Share specialise in?
/AMM /Avalanche Ecosystem /DeFi /Exnetwork Capital Portfolio /Seigniorage

What are the products and/or services of Frax Share?

Overview of Frax Share offerings
Collateral: FXS can be used as collateral to mint Frax tokens.
Fee sharing: FXS holders earn a portion of the fees generated by the Frax protocol.
Governance: FXS holders can use their tokens to vote on proposals that affect the Frax protocol, such as changes to the minting and burning of Frax tokens.
Liquidity: FXS is traded on a number of exchanges, providing liquidity for FXS holders.
Staking: FXS holders can stake their tokens to earn additional rewards.
Utility: FXS can be used to access exclusive features and benefits on the Frax platform, such as early access to new products and services.