PANews reported on April 24 that according to official news, the decentralized stablecoin protocol Frax Finance announced that it will upgrade North Star at noon PST on April 29 (expected to be early morning on April 30 Beijing time). Through this upgrade, Frax Share (FXS) will be renamed Frax and become Fraxtal's gas token, replacing frxETH. It will also serve as the only commodity token used to ensure security in the ecosystem. FXS held on Fraxtal will be automatically converted to FRAX at a ratio of 1:1, and FXS held on Ethereum must be bridged to Fraxtal for conversion on or after April 29.
Frax Finance will undergo North Star upgrade, Frax Share will be renamed Frax and used as gas token
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Author: PA一线
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