What is special about Frax Shares?

Modified on Tue, 12 Dec 2023 at 01:04 PM

One of the most significant advantages of Frax Shares is its dual-token model. The Frax Protocol has two tokens, the stablecoin: Frax (FRAX) and the governance token: Frax Shares (FXS).

Frax (FRAX) is the world’s first fractional stablecoin. This means that its value is not only backed by collateral but also regulated by the algorithm to maintain its value.

Another unique feature of Frax Shares is that it offers a yield farming program that rewards users with additional FXS tokens for providing liquidity. This incentivizes holders to actively participate in the protocol, which ultimately contributes to the stability of the platform.


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