
Yuuki|Apr 29, 2025 16:49
FXS has risen 50% in two weeks. Here are the recent updates for this project
1. On April 29th, FXS was renamed FRAX and became the GAS token of L1 Fraxtal developed by the team, used to pay transaction fees, replacing the previous frxETH (formerly stablecoin FRAX renamed frxUSD).
2. Tail end issuance plan: FRAX will issue 8% annually, decreasing by 1% year by year, and reaching the lower limit of 3% after 5 years.
First year allocation:
32.5% (2.6 million)
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