Frax Finance plans to upgrade North Star, FXS will be renamed Frax and used as gas token

Odaily News Decentralized stablecoin protocol Frax Finance announced that it will upgrade North Star at noon PST on April 29 (expected to be early morning on April 30 Beijing time). With this upgrade, Frax Share (FXS) will be renamed Frax and become Fraxtal's gas token, replacing frxETH. FXS held on Fraxtal will be automatically converted to FRAX at a 1:1 ratio, and FXS held on Ethereum must be bridged to Fraxtal for conversion on or after April 29.