FTX will list Frax Share (FXS).
- Trading starts: March 24th, 2022 at 2pm (UTC)
- Trading pairs: FXS/USD, FXS-PERP
- Deposits and withdrawals will open on March 24th, 2022 at 2am (UTC)
About Frax Share (FXS)
Created by Frax Finance, the dual-token system encompasses the FRAX stablecoin and Frax Share (FRX). Its hybrid design allows users to tap into FRAX which is soft-pegged to the US dollar, while FXS acts as the governance token that accrues value through fees, seigniorage revenue and excess collateral. The protocol's pool contract is backed by USDC, while pools can be added or removed with governance.
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