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Purchase via Banco Industrial transfers with Nexo fees waived for a limited time.
Purchase via Banco Industrial transfers with Nexo fees waived for a limited time.
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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 , with a market cap of . The token reached its all-time high of on . There are FXS tokens in circulation, from a total supply of , with the maximum supply capped at .
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.
