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

WuSaidBlockchainW · 2025-04-23T19:43:40+00:00

Frax Finance announced the launch of the "North Star" upgrade, renaming the original Frax Share (FXS) to Frax (FRAX), which will become the gas Token of the Fraxtal network and serve as the only security mechanism Token in the ecosystem. FXS will be automatically converted to FRAX at a 1:1 ratio, and FXS users on Ethereum can complete the exchange via cross-chain bridges after April 29.

WuSaidBlockchainW

2025-04-23 19:43:40

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.

FRAX-5,02%

GAS1,42%

ETH-0,49%

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