Buy Frax Share.
Purchase FXS in a few taps. Buy with a credit, debit card or bank transfer.
Purchase FXS in a few taps. Buy with a credit, debit card or bank transfer.
Frax Share (FXS) is the governance and value accrual token of the Frax Protocol — an innovative stablecoin system that introduced the world’s first fractional-algorithmic stablecoin model. Rather than being fully collateralized or purely algorithmic, Frax combines both approaches to maintain the stability of its native stablecoin, FRAX.
The Frax Protocol operates as a two-token system: FRAX, the stablecoin pegged to the U.S. dollar, and FXS, which absorbs the protocol’s volatility and captures its upside. FXS plays a key role in the supply-and-demand balancing mechanism that keeps FRAX near its target price, and it is used in protocol governance to manage key parameters and decisions.
FXS also accrues value from the protocol’s growth. As demand for FRAX increases and the protocol earns revenue from minting, redemption, and DeFi integrations, FXS benefits through buybacks, staking rewards, and incentive mechanisms. This makes it a central component in the ecosystem’s sustainability and decentralization goals.
FXS is currently priced at $2.03, with a market cap of $184,925,872.00. The token reached its all-time high of $42.80 on January 12, 2022. There are 90,927,414.27 FXS tokens in circulation, from a total supply of 99,681,495.59, with the maximum supply capped at 99,681,495.59.
You can buy Frax Share using your credit or debit card, or pick from additional payment methods available on Nexo. Head over to our Exchange to buy FXS.
Swap assets for FXS with fixed price execution on Nexo’s crypto exchange.
Borrow funds from 2.9% interest without selling any of your Frax Share.
Spend your funds on Credit and Debit Mode from a single card and earn interest on your spendable balance.
Make free Frax Share transfers to your family or friends as long as they have a Nexo account.
You can buy Frax Share directly with a credit or debit card, as well as cards connected to your Apple Pay or Google Pay.
To learn more about how to buy Frax Share via card, visit our dedicated Help Center article.
You can top up funds from your local bank via a bank transfer. EUR and GBP transfers arrive quickly, while USD wires generally take up to 2 business days to be reflected in your account.
Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of FXS you want.
To start receiving crypto cashback on FXS purchases, your account balance needs to be above $5,000 worth of digital assets. The specific amount you receive depends on your Loyalty Tier.
To get the maximum crypto cashback amount, maintain an account balance above $5,000 worth of digital assets and join the Platinum Loyalty Tier by holding at least 10% of NEXO Tokens against the rest of your portfolio.
To find out the exact reward rates for each tier, visit our Help Center.
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