Frax will launch the North Star upgrade on April 29, with FXS renamed to FRAX and serving as the Fraxtal gas token.

robot
Abstract generation in progress

According to Wu, Frax Finance announced that it will launch the "North Star" upgrade on April 29 at noon (Pacific Time). The original Frax Share (FXS) will be renamed to Frax (FRAX) and will become the gas token of the Fraxtal network, permanently existing as the only commodity token used for security mechanisms within the ecosystem. FXS on Fraxtal will be automatically converted to FRAX at a 1:1 ratio; users of FXS on Ethereum can complete the exchange through cross-chain bridges 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)