Trade FXS with Leverage


Frax protocol (FXS) is a decentralized and open-source project built on the Ethereum blockchain and other compatible chains. Launched in 2020, FXS is the world’s first fractional algorithmic stablecoin, employing a hybrid design involving algorithms and collateralized assets. Frax employs a hybrid stablecoin model, combining asset collateralization and algorithmic stabilization. The collateral ratio for FRAX is dynamically adjusted based on market demands to maintain its peg to $1. The protocol is designed to offer scalable, decentralized, algorithmic money as an alternative to fixed-supply digital assets like Bitcoin. FXS, with a fixed supply capped at 100 million tokens, has governance and utility functions. Its role includes managing collateral pools, adjusting fees, and refreshing collateral ratio rates. Users can also contribute to liquidity pools, earning FXS rewards by providing liquidity to Uniswap pools, contributing to the token's peg and overall usability.