Frax (FPI) Free Airdrop

Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). A user can mint FRAX by supplying the USDC stablecoin as collateral, along with FXS token in amounts set by the Frax collateral ratio (CR).

Frax will be airdropping their upcoming FPI stablecoin to various FXS stakers & LPs. Users who hold veFXS, tFXS, cvxFXS and provide liquidity to FRAX/FXS pool by February 20th, 2022 will be eligible for the airdrop. Stake FXS on Frax to receive veFXS, stake FXS on Tokemak to receive tFXS and stake FXS on Convex to receive cvxFXS.

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