|All Time High:|
|Market Cap: |
|The price of #FXS today is $8.70 USD.|
The lowest FXS price for this period was $0, the highest was $8.70, and the current live price for one FXS coin is $8.69693.
The all-time high FXS coin price was $45.44.
Use our custom price calculator to see the hypothetical price of FXS with market cap of BTC or other crypto coins.
|The code for Frax Share is #FXS. |
Frax Share is 3 years old.
|The current market capitalization for Frax Share is $655,407,807.|
Frax Share is ranking upwards to #73 out of all coins, by market cap (and other factors).
|There is a large daily trading volume on #FXS.|
Today's 24-hour trading volume across all exchanges for Frax Share is $85,212,570.
|The circulating supply of FXS is 75,360,846 coins, which is 76% of the total coin supply.|
Frax Finance Monthly Report #26 | April 2023.
A round-up of Frax Finance updates in a few minutes. — Project Updates: - 1)[Development Update]: Frax Finance team is currently working on the decentralized governance module, which is expected to finish in a month or so, more details will be released. 2)[Development Update]: Frax Finance team is actively coding frxETH V2, which will allow users to run validators in a decentralized, permissionless manner and other innovative new features. 3)[Liquidity Pools]: FRAX new liquidity pools were added on solidly. Users can stake their $frxETH / $ETH, $FRAX / $USDC, $frxETH / $FRAX, $FXS / $frxETH LPs on Solidly and enjoy juicy APR. 4)[Collateral]: sfrxETH was added as collateral on Metronome. Users can borrow up to 60% Metronome app.metronome.io against their $sfrxETH and mint a Synthetic such as $msUSD or $msETH and then swap on Curve for more $ETH and get more $sfrxETH. 5)[Collateral]: APE token was added as collateral on Fraxlend. Users can use their APE token to borrow against FRAX on Fraxlend. 6)[Lending]: Flux finance, a decentralized lending protocol added FRAX as a lending asset. Users can lend FRAX on Flux finance and borrow against tokenized US Treasuries. 7)[Podcast]: Sam Kazemian, Frax Finance co-founder, was hosted by DeFi Dad on his channel to cover the Positive-Sum of Frax Finance. You can listen to the full podcast on Spotify and YouTube. 8)[Liquidity Pools]: FRAX new liquidity pools were added to the Beefy ...
Frax Finance Monthly Report #25 | March 2023.
A round-up of Frax Finance updates in a few minutes. — Project Updates: - 1)[veFPIS]: veFPIS staking was launched, veFPIS is an updated and vesting+yield system for the FPIS governance token. Users can stake their veFPIS and earn FPIS rewards. You can see the emission schedule here. 2)[Frax Ether]: Frax Liquidity Ethereum Staked Derivatives (FrxEth) supply hit 100,000 FrxEth, with the highest yielding LSD on the market at over 7%. 3)[Liquidity Pool]: sFrxEth + FrxEth (Thena and Velodrome) LP vaults were deployed on BSC and Optimism Network by Beefy Finance. Users can now auto-compound their LP rewards. 4)[Voting Bribes]: Frax Finance deposited $11,583 voting bribes for: $FRAX / $USDC, $FRAX / $USDT, $frxETH / $WETH, $frxETH / $FXS pools on Solidly Dex. Users were able to vote on solidly.com/vote. 5)[Frax Ether]: Frax Ether was added to the DefiLlama Fees & Revenue Dashboard. Users will be able to track the Frax Ether Fees and Revenue on DefiLlama. 6)[Rating]: $FXS was given the highest rating by Bankless in their most recent token rankings. See the full ranking here. 7)[ETHDenver]: Sam Kazemian, co-founder of Frax Finance gave a talk at ETHDenver about the emerging stablecoin landscape. Listen to the full talk here. 8)[RAGEQUIT]: A proposal to ragequit mStable pool was passed. Users whose lockup period hasn’t expired will be able to claim all their unclaimed rewards + 80% of their LP while 20% goes to the Fra...
Guide: How to stake your FPIS and earn veFPIS yield.
The veFPIS staking program will have give out 5M FPIS rewards to veFPIS stakers over a the first year, starting February 20th, 2023. The emissions be halvening on a yearly schedule, The second year emissions will be 2.25M FPIS, third year 1.125M FPIS, etc. — 1- How to get FPIS? - Connect your MetaMask extension to the link below to purchase FPIS: app.frax.finance, — 2- How to Stake your FPIS in veFPIS? - Now you have FPIS in your ETH wallet., Head to veFPIS staking page on Frax Finance website and connect your wallet here: app.frax.finance, You will arrive at this page:, Write the amount of FPIS you want to stake, and the length of your lock period (in weeks)., Click “Approve FPIS token allowance”., A MetaMask transaction will pop-up, click “Confirm”., Click “Lock FPIS”., A MetaMask transaction will pop-up to lock your FPIS, click “Confirm”., To start getting the rewards, you have to checkpoint the yield distributor., Click “Checkpoint”., (Note: you will also need to do a checkpoint when you change the quantity of your locked FPIS or the length of the lock period.) A MetaMask transaction will pop-up, click “Confirm”., Congratulations, you have successfully locked your FPIS, you should NOW start receiving FPIS REWARDS., — About Frax Finance - Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ...
Frax Finance Monthly Report #24 | February 2023.
A round-up of Frax Finance updates in a few minutes. — Project Updates: - 1)[Fraxferry]: FXS, frxETH, and sfrxETH ferries were added for several chain, allowing users to bridge these tokens to and from Ethereum Mainnet. 2)[veFPIS]: Trail or Bits audit concluded with no major vulnerabilities. Will publicize after their technical review / PDF cleanup. Team is reviewing tokenomics and launch plan now. 3)[Gauges]: Gauges for Frax Finance were created on Thena. veFXS holders can vote and begin earning from trading fees, bribes, and weekly rebases. 4)[Ethereum staked derivatives]: sfrxETH was listed on Aura. Users can check Aura data partner’s DeFiwars dashboard which covers the key data for LPs. 5)[Borrowable Asset]: Frax Share $FXS was listed on gate.io as a Borrowable Asset. Users can borrow $FXS and also trade in Isolated Margin on gate.io. 6)[Collateral]: $FRAX was integrated on Metronome’s Synth as collateral. Synth allows users to deposit collateral and generate synthetic assets which can potentially increase yield opportunities. $FRAX holders can deposit $FRAX as collateral and generate synthetic assets on app.metronome.io. 7)[Ethereum staked derivatives]: BrainDAO staked 1000 ETH (~$1.4 million) through Frax Finance’s liquid staking system Frax Ether. This allows BrainDAO to earn yield on its Ethereum holdings in support the mission to build a more intelligent future through the $IQ token with dapps like ...
Guide: How to use Fraxferry.
In this guide we will demonstrate how to use Fraxferry to bridge FRAX across chains. — 1- How to get FRAX stablecoin? - Connect your MetaMask extension to one of the links below to purchase FRAX: curve.fi app.frax.finance, — 2- How to use Fraxferry? - Now you have FRAX in your ETH wallet., Head to Fraxferry page on Frax Finance website and connect your wallet here: app.frax.finance, You will arrive at this page:, Paste your destination wallet address in the Recipient Address, if you are sending to the same wallet Click “Use My Address”., Note: (right now you can only go from ETH to an L2 and back not L2 to L2 yet). Choose the destination chain, in this guide we will choose Arbitrum., Select the token you are bridging, in this guide we will choose FRAX., Write the desired amount of FRAX you want to bridge., Click “Embark”., You will see the estimated ARRIVAL time., Also the DEPARTURE PORT (sending wallet) and ARRIVAL PORT (receiving wallet), check them carefully then click “Approve”., A MetaMask transaction will pop-up to approve your spending, click “Confirm”., Another MetaMask transaction will pop-up to bridge your FRAX stablecoins click “Confirm”., Now you have successfully embarked your FRAX stablecoins, the funds will arrive in about 24 to 48 hours., — About Frax Finance - Frax is the first and only stablecoin with parts of its supply backed by collateral and parts ...
Guide: How to bridge FRAX to BNB chain and add liquidity to Wombat Exchange.
Welcome to BNB Chain! In this guide, we will demonstrate how to bridge your FRAX to BNB Chain and add liquidity to the FRAX pool on Wombat Exchange. Frax Finance & Wombat Exchange liquidity program distributes WOM Rewards to Wombat Exchange FRAX Pool on BNB Chain. — 1- How to get FRAX tokens? - Connect your MetaMask extension to Curve.fi, then purchase the desired amount of FRAX you like to add to the liquidity using the links below: FRAX : curve.fi, — 2- How to bridge your FRAX tokens to BNB Chain? - Now you have FRAX in your ETH wallet you will need to bridge them to BNB with the use of Frax Ferry., Head to Frax Ferry bridge link: app.frax.finance and connect your MetaMask wallet., Select Departure as the chain you are sending Frax from (in this case ETH) and Destination to BNB Chain., Input the desired amount you wish to bridge and the recipient address then click the switch button., A MetaMask transaction will pop-up, click “Confirm” to approve the transaction., After the transaction is submitted, details of the bridging transaction including the expected arrival date of bridged tokens will be displayed underneath “Recent trips”, — 3- How to Switch your MetaMask wallet to BNB Chain Mainnet Network? - To switch your MetaMask to BNB Chain, you will find at the top “Ethereum Mainnet” Click on it to open the drop-down menu., At the bottom of the list, you will find “Add networ...
Frax Finance Monthly Report #23 | January 2023.
A round-up of Frax Finance updates in a few minutes. — Project Updates: - 1)[Partnership]: Clever partnered with Frax Finance to bring CLever USD to Frax Finance. Users can swap their clevUSD for FRAX, also they can select a farming strategy and deposit their stablecoins as collateral (or zap in). They can choose between FRAXUSDC, LUSDFRAXBP, and TUSDFRAXBP. 2)[Bribing]: veFXS stakers can earn $IQ bribes by voting to incentivize FRAX/IQ liquidity on Fraxswap. 3)[Research Report]: A community member wrote a research report on Frax Finance which covers the Protocol, mechanisms, Peg stability & AMOs, Tokenomics, Adoption metrics & much more. Read the full report here. 4)[Flywheel]: Kiet and Sam from Flywheel discuss some FXS/FRAX strategies in their latest video. They discussed about 9 opportunities and yields for $FXS & $FRAX strategies. Listen to the full discussion here. 5)[Frax Finance Anniversary]: On December 20th, Frax Protocol turns 2 years old. The $FXS yearly halvening took place and the total emissions $FXS was cut down by half, thereby bringing the $FXS daily emission to 6,250 $FXS. 6)[FraxBasePool]: XAI-FRAXBP LP Tokens was added on frax.convexfinance.com. Users can deposit their $XAI on Curve Finance to get XAI-FRAXBP LP Tokens then go to frax.convexfinance.com and look for XAI-FRAXPBP and create a personal vault and choose lock duration and stake their r LP tokens. They can lock their XAI-FRAXB...
Frax Finance Monthly Report #22 | December 2022.
A round-up of Frax Finance updates in a few minutes. — Project Updates: - 1)[FraxFerry]: FraxFerry, a Frax native bridge which allows users to bridge their tokens across chains, was launched. FraxFerry currently supports Arbitrum, Optimism, and Moonbeam chains. 2)[Rage Quit]: A proposal for a rage quit function for TEMPLE/FRAX gauge was passed. Users were able to have all their unclaimed rewards + 80% of their TEMPLE/FRAX LP, while 20% goes to the Frax protocol as a penalty per the proposal. 3)[Fraxlend & FrxEth]: After the launch of Fraxlend and FrxEth, Minty wrote a thread on the Data and Effects of Fraxlend and FrxEth on $FXS. You can read the thread here. 4)[Fraxlend]: Fraxlend was supported on DefiLlama, a TVL aggregator for DeFi. Users can track Fraxlend on DefiLlama Borrowed Aggregator. 5)[TopGear]: The TopGear vault on top of Gearbox Protocol V2 went live. Users will be able to zap-deposit other assets and swap it for $FRAX in one transaction. 6)[pitchFXS]: Native veFXS yield went live on Pitch. Pitch will use the protocol-accrued veFXS yield to incentivize the Fraxswap V2 pitchFXS/FRAX gauge regularly. 7)[Bribe]: Badger DAO launched a 6,000 $BADGER bribe for their new Frax finance gauge. $veFXS holders can find the bribe here. 8)[Pool]: Aura finance added a new pool which consists of stETH, sfrxETH & rETH. Users were able deposit their staked Ethereum into Aura to earn purple coin & boost their B...
Guide: How to create a new pool (pair) on Fraxswap.
In this guide we will explain how to create a new pool (pair) on Fraxswap., — 1- How to create a new pool (pair) on Fraxswap? - The pool creation on Fraxswap requires having two currencies in your wallet and ETH (or any native token of the chain you will be creating the new pool) to cover the gas fees. In this guide, we will be creating a new pool (pair) using FRAX & FVT tokens on the Ethereum network., You’ll need to have the both tokens you want to create their pool pair and also have the “smart contract address” of the new token you want to create the pool., — Step 1 - Head to Fraxswap pool via the link: app.frax.finance, You will arrive at the following page, then connect your metamask wallet., After connecting your metamask wallet, you will need to click on “FXS”, — Step 2 - You will arrive here, then add the “smart contract address” of the token you want to create the pool pair for., We will be entering the “FVT” contract address here., Now “FVT contract address” has been entered here, click on “ADD”, — Step 3 - “FVT” is now added to the list. We will proceed with creating the pool pair., Select “FRAX & FVT”., — Step 4 - Enter the amount of “FVT tokens per FRAX”. We will be using 1451 FVT per 1 FRAX., Then click “Supply”., (NOTE: It is recommended to use enough gas fees to execute the transactions). A MetaMask transacti...
Guide: how to use AMM/TWAMM on Fraxswap.
In this guide we will explain how to use FraxSwap AMM/TWAMM functions. — 1- How to buy FRAX & FPI Stablecoins? - Connect your MetaMask extension to UNISWAP then purchase the desired amount of FRAX or FPI using the link below: info.uniswap.org, — 2- How to swap your tokens using AMM on FraxSwap? - Head to Fraxswap main page app.frax.finance and connect your MetaMask:, You will arrive at this page:, Now you have connected your MetaMask wallet: Slide the button to “AMM”:, You can select the token you desire to swap by clicking on the token box which should be in “FRAX” as default:, We will be selecting FRAX:, Select the token of your choice you will like to swap with FRAX., We will be swapping FRAX for FPI:, Enter your desired amount of FRAX you will like to swap for FPI:, Click on “Approve FRAX”:, Click “Swap”., A MetaMask transaction will pop-up to approve your spending., Click “Confirm”:, Another MetaMask transaction will pop-up., Click “Confirm”:, A “Processing Swap” notification will appear, wait for your transaction to be processed., Congratulations you have successfully swapped your FRAX for FPI., — 3- How to swap your token using TWAMM on FraxSwap? - Head to FraxSwap main page app.frax.finance and connect your MetaMask., You will arrive at this page:, Click on “TWAMM”:, We will be swapping FPI for FRAX., Enter your desired amount of FPI you...
More Frax Share (#FXS) News
|Ethereum-Based Frax Finance (FXS) Is Up 64%, Is There Still Opportunity?
In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the FXS token is only behind Decentraland (MANA), which has surged 76% within the same period.
With the massive pump, Frax Share Token (FXS) has moved up to the 63rd position in the ranking by market cap and has seen a bullish rally since January 2. While the price was $4.09 on that day, FXS was at $9.06 at press time.
When the price briefly rose above $10 yesterday, the gain was over 140% since January 2. In the 1-day chart, FXS has broken the resistance zone established in May last year between $7.40 and $8.20 and is now facing resistance at $10.02.
The first two attempts to break this resistance have failed for now, so a retest of the former resistance zone could be on the cards before the Frax token continues to rally. This would also be a much-needed correction, as the RSI on the daily chart is still at 83.
The weekly chart confirms the extremely bullish picture for the FXS token. Once the price consolidates in the daily chart and subsequently breaks the $10.02 level, the way would be clear for a rise toward $13.
The price level served as strong support in November and December 2021, before FXS rallied to an all-time high of $52.80 in January 2022.
What Do The Fundamentals Of Frax (FXS) Suggest? As NewsBTC reported, Frax Finance is benefiting from the liquid staking (LSD) narrative that emerged ea...
|The Reason Frax Shares (FXS) Skyrocketed 35% in a Week
The Frax Share (FXS) token is up a whopping 35% in the past seven days, making it one of the best performers within the otherwise stagnating cryptocurrency market.
During the past 24 hours alone, the cryptocurrency is up by more than 16%, trading at just shy of $7 at the time of this writing.
FXS has been this week's success story in terms of overall price performance, second only to Huobi Token (HT), registering an increase of around 35%.
Frax Share's price is also up over 50% spread across two weeks.
Source: Binance via TradingView
One of the possible reasons for this could be the fact that Frax Finance - the network behind FXS - will be launching a liquid staking protocol for its users.
frxETH will soon be released by Frax Finance. Ethereum staking yield is such a large and sustainable source of yield, we are about to witness an explosion of staked ETH tokens. - Commented a user.
In a recent tweet, Frax Finance also revealed that the Frax Protocol is already creating mainnet blocks.
In case you missed it, Frax Protocol is already creating mainner blocks! Get ready for the most interesting ETH liquid staking derivative released by a major stablecoin issuer.
In case you missed it, Frax Protocol is already creating mainnet blocks! Get ready for the most interesting ETH liquid staking derivative released by a major stablecoin issuer
Curve pool deployment
Launch soon pic.twitter.com/0qZI7M63iX
— Frax Finance (¤, ¤) ...