RubyGlider
Fri Jun 21 2024
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5 answers
1259
What is FRAX share token?
Could you elaborate on the FRAX share token? I'm curious to understand its function and purpose within the cryptocurrency ecosystem. Is it a governance token that allows holders to vote on proposals or decisions affecting the FRAX protocol? Or does it represent a share of the underlying assets used to collateralize the FRAX stablecoin? Additionally, how is the value of the FRAX share token determined, and what factors influence its price movements? Understanding these aspects would help me gain a clearer perspective on the role and importance of the FRAX share token.
