Frax Share Price

Governance. granting the token holder governance rights to add / adjust the mortgage asset pool, setting the coinage / redemption fee, and changing the update rate of the mortgage rate. Mortgage. mortgage in various pools to earn rebate at the inclined annualized rate of return. Casting and Redemption. FXS will be destroyed when casting FraX, and FXS will be cast when redeeming FraX. Rewards. users who deposit uniswap LP tokens into an incentive pool can receive FXS rewards. In the initial stage, FraX is pledged at a proportion of 100%, which means that the forging of FraX only needs to put the collateral into the coin contract. In the partial mortgage stage, the foundry FraX needs to provide an appropriate proportion of collateral and destroy FXS.