Frax Finance announces the "North Star" upgrade plan FXS will be renamed to FRAX

According to Gate.io News bot, Wu Shuo reported that Frax Finance officially announced the "North Star" upgrade plan, which will officially launch on April 29th at noon (Pacific Time). After the upgrade, the original Frax Share (FXS) will be renamed to Frax (FRAX) and will become the gas token of the Fraxtal network. FRAX will serve as the only commodity token used for security mechanisms within the ecosystem.

After the upgrade is implemented, FXS on the Fraxtal network will be automatically converted to FRAX at a 1:1 ratio. For FXS holders on the Ethereum network, token exchange can be done through the cross-chain bridge after April 29.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)