Frax Share (FXS) is the legacy identity of the asset now upgraded to FRAX, Fraxtal's native gas asset. Official documentation describes a 1:1 FXS-to-FRAX bridge upgrade available since April 2025. This volatile asset is not the dollar stablecoin now called frxUSD, nor the former stablecoin's legacy FRAX label.
defi Frax Share
Frax Share
(FXS)
Frax Share (FXS) is the legacy identity of the asset now upgraded to FRAX, Fraxtal's native gas asset. Official documentation describes a 1:1 FXS-to-FRAX bridge upgrade available since April 2025. This volatile asset is not the dollar stablecoin now called frxUSD, nor the former stablecoin's legacy FRAX label.
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What is Frax Share?
Answer sources checked
20 answers source-reviewed with Codex assistance. Reviewed . This review covers the answers, not exchange listings or the rest of the page.
How does Frax Share work?
Legacy FXS is an Ethereum token, while the upgraded FRAX is native on Fraxtal; WFRAX is its wrapped representation. The official route converts FXS through Fraxtal's native bridge rather than an arbitrary same-ticker transfer. Governance applications such as veFRAX sit above the asset and have separate locking rules.
Who created Frax Share?
Frax Share came from the Frax protocol's founders and early contributors, whose historical distribution documentation dates conception to late 2018 and development to early 2019. Current Frax documentation describes the subsequent FRAX upgrade. The sources checked do not establish a complete individually verified founder list, so no personal credentials are inferred.
What is Frax Share used for?
Legacy FXS served Frax ecosystem governance and utility; upgraded FRAX pays native Fraxtal gas. Protocol-level voting is provided through applications such as veFRAX, not by assuming every liquid FRAX balance has the same rights. FRAX, WFRAX, frxUSD and savings receipts have materially different roles.
Where can you buy Frax Share?
Check a platform's official asset identity, migration support and deposit networks before buying the asset still labeled Frax Share or FXS. Some services may use FRAX branding, but the ticker alone is insufficient. A platform's support for frxUSD does not establish support for FXS, FRAX or WFRAX.
Frax Share exchange reference guides
Before you buyNo exchange availability has been verified for this catalogue entry under the current full-name and symbol checks. This is not a delisting claim. Confirm the exact asset, trading access and withdrawal network through the provider before buying. All local checklists remain available at the end of this guide.
How to buy Frax Share
Plan your purchaseHow much Frax Share?
How can you buy Frax Share safely?
Match the exact asset and network against current Frax documentation before buying or upgrading. Follow the official FXS upgrade route and inspect bridge, approval and gas requirements; do not send tokens to an address supplied by an unsolicited migration message. Legacy and wrapped Ethereum representations are not interchangeable merely because both relate to FRAX.
Can you buy a fraction of Frax Share?
Yes, the legacy FXS token and compatible FRAX representations can support fractional balances. Trading minimums, withdrawal precision and bridge minimums depend on the chosen service and route. Buying a fraction does not turn the asset into a stablecoin or avoid the network costs of upgrading and moving it.
How much does it cost to buy Frax Share?
Purchasing legacy FXS or FRAX can involve spread, trading fees, withdrawal charges and host-network gas. An FXS-to-FRAX upgrade or WFRAX cross-chain route introduces separate bridge transactions and costs. Check the full asset path and fee preview rather than assuming the documented 1:1 conversion makes migration free.
How much is one Frax Share worth?
Use this site's timestamped dynamic reference panel, checking whether the feed identifies legacy FXS or upgraded FRAX. Neither is the dollar-pegged frxUSD stablecoin, and a 1:1 token upgrade is not a one-dollar price guarantee. Compare the actual token, network and executable trade before interpreting the quote.
Is Frax Share a good investment?
The FXS/FRAX asset is volatile and carries market, migration, bridge, contract and ecosystem risks. Current FRAX has tail emissions, so an old FXS cap is not a reliable supply forecast for the upgraded asset. A stablecoin association does not guarantee this token's price. This is not financial advice.
Compare two order previews
Use FXS credited after buying fees and spread. Extra USD charges must exclude fees already included in the total. Enter 0 only when confirmed.
Which quote delivers more FXS?
Enter your order-preview numbers or use the labeled example. Unknown charges are never treated as zero.
Frax Share wallets & storage
How do you get a Frax Share wallet?
Choose a wallet supporting the specific legacy FXS, native Fraxtal FRAX or WFRAX deployment you need. Verify the asset against current Frax addresses and back up recovery material privately. Ethereum FXS needs ETH for ordinary gas; native Fraxtal FRAX is itself the network's gas asset.
How can you store Frax Share securely?
Secure the keys controlling FXS or FRAX, and inspect bridge and staking approvals separately from wallet access. A compatible hardware wallet can protect keys but does not remove bridge-verification or lock risks. Keep recovery material private and use current official contract information rather than old migration screenshots.
Sending & cashing out Frax Share
Match your networks
For FXS, copy the exact network names shown in your apps. This compares your entries, not a verified list of supported networks.
Enter both network names
Copy the exact network name shown for this asset in each app. No supported-network catalogue is assumed here.
How do you send Frax Share to another wallet?
A same-chain FXS transfer is different from upgrading to FRAX or bridging WFRAX. Match the receiver's exact token and network, then follow the official route if a conversion is required. Check destination, gas and any bridge steps, and consider a small test before committing a larger balance.
How long does a Frax Share transfer take?
Transfer timing depends on whether you are sending legacy FXS on Ethereum, native FRAX on Fraxtal or using a bridge. Native-bridge and LayerZero routes have different confirmation and settlement steps. Check the route's official status and the receiving platform's requirements; no single guaranteed FXS arrival time covers them.
How much does it cost to send Frax Share?
Legacy Ethereum FXS transfers use ETH for gas, while native FRAX pays Fraxtal gas. WFRAX on another chain follows that host network's fee system, with cross-chain messaging potentially adding costs. Check the actual route preview rather than assuming all assets bearing Frax branding use the same fee token.
Can you cash out Frax Share for real money?
To cash out, verify which form you hold and which deployment the receiving service accepts before making a deposit. An eligible trading service must support selling that asset and withdrawing fiat for your account. Upgrading FXS to FRAX is a token conversion, not redemption for dollars or a bank payout.
Is Frax Share traceable?
FXS, FRAX and WFRAX transactions are publicly observable on their respective networks, while bridge messages can connect activity across chains. Addresses are pseudonymous and may be linked through platforms or transaction analysis. Frax's stablecoin and DeFi products do not make this legacy governance asset a private-transfer currency.
Supply, mining & staking
What is the maximum supply of Frax Share?
Legacy FXS documentation described a 100 million maximum supply, but the upgraded native FRAX has a tail-emission schedule in current documentation. Do not apply the old cap to the entire upgraded asset or add bridged representations as separate economic issuance. Check live supply and burns independently from historical distribution figures.
Can you mine Frax Share?
Legacy FXS cannot be mined through proof-of-work, and FRAX tail emissions are not evidence of a conventional mining algorithm. Current documentation describes future validator-related security changes, which should not be assumed deployed. A service advertising FXS mining may instead offer liquidity incentives or another unrelated product.
Can you stake Frax Share?
Current Frax documentation describes veFRAX, where users lock FRAX for governance utility and receive non-transferable, time-dependent voting weight. This is different from holding liquid legacy FXS, wrapping FRAX or depositing frxUSD. Do not describe a future validator-security upgrade as already available native consensus staking; verify the live contract and exit conditions.