Understanding the Frax Protocol: A Comprehensive Guide to FXS
In the world of decentralized finance (DeFi), new protocols and tokens emerge every day, each claiming to solve a specific problem. One such protocol that has been making waves in the DeFi space is Frax, and its native token, FXS. Frax is a stablecoin protocol that aims to provide a stable store of value while also offering benefits such as low fees, censorship resistance, and decentralized governance. In this comprehensive guide, we will delve into the Frax protocol, its features, and how it works.
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