| Time | Change | High | Low |
|---|---|---|---|
| 24H | 0.00% | -- | -- |
| 7D | 0.00% | -- | -- |
| 30D | 0.00% | -- | -- |
| All | 0.00% | -- | -- |
Frax is an algorithmic stablecoin whose supply is partly backed by collateral and partly algorithmically stabilized. Frax Share Token (FXS) is the Frax Protocol's non-stable governance token. Token holders have governance rights to add/adjust collateral pools, set minting/redemption fees, and change the update rate of the collateralization rate.
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FRAX crypto is a fractional-algorithmic stablecoin that is backed by a combination of collateral and algorithm. Let's take a closer look at this article for a better understanding.