What Is Frax Share (FXS) and Why It's Called the Next LUNA?

Check out the full deep dive video into Frax Share (FXS) and discover why people compare it to LUNA?

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Time Stamp
02:26 What is Frax?
04:06 How does it work/overview?
05:20 what is the collateral
07:00 infographic
08:38 summary of demand
10:24 catalyst with FXS/closing thoughts

Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

Frax is a new paradigm in stablecoin design. It brings together familiar concepts into a never before seen protocol.

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Disclaimer:

The content mentioned in this video is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.

#FXS #Frax #FraxShare #LUNA #StableCoin