Gate Will List Frax Share (FXS)

Gate is going to commence Frax Share (FXS) trading on December 21, at 09:00 UTC.



About FXS:

The Frax Share token (FXS) is the non-stable, value-accrual token in the protocol. It is meant to be volatile and hold rights to governance and all excess collateral of the . It is important to note that we take a highly governance-minimized approach to designing trustless money in the same ethos as Bitcoin. We eschew DAO-like active management such as MakerDAO. The less parameters for a community to be able to actively manage, the less there is to disagree on. The only parameters that are up for governance through FXS is adding/adjusting collateral pools, adjusting minting/redemption fees, and refresh rate of the collateral ratio. No other actions such as active management of collateral or addition of human-modifiable parameters are possible other than a hardfork that would require voluntarily moving to a new implementation entirely.





Token symbol：FXS

Website：https://frax.finance

Whitepaper：https://docs.frax.finance/overview





FXS/USDT Trading starts: December 21th at 09:00 UTC



Deposit FXS at https://www.gate.com/myaccount/deposit/FXS

Trade FXS in USDT market via: https://www.gate.com/trade/FXS_USDT

Trade FXS in ETH market via:https://www.gate.com/trade/FXS_ETH



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Gate Team
December 21, 2020