Frax Shares (FXS) is an innovative crypto project that primarily serves as a liquid wrapper with governance power. With this unique functionality, FXS also integrates native veFXS yield and incentives from the broader Frax ecosystem, including the gauge incentives. It is an integral part of the Frax ecosystem, offering users versatile ways to yield and engage with their assets.
Liquid Wrapper for Frax Shares
The primary function of FXS lies in its ability to serve as a liquid wrapper. It encapsulates Frax Shares (FXS) and allows users to maintain governance power, thereby providing users with an easy, streamlined method of interaction with the Frax ecosystem. This innovation can simplify the way users handle their assets, making the process more efficient and user-friendly.
Native veFXS Yield Integration
In addition to serving as a liquid wrapper, FXS also offers an innovative native veFXS yield integration. This integration allows users to yield their assets directly through the FXS platform, reducing the need for external channels. This seamless integration can save users time and effort, enhancing the overall yield experience.
Eligibility for Gauge Incentives on the Frax Ecosystem
One of the significant advantages of using FXS is the possibility to receive gauge incentives from the Frax ecosystem. These incentives can provide additional benefits to users, making the platform more attractive to those looking to maximize their investments. By incorporating these gauge incentives, FXS enhances its functionality and appeal within the crypto sphere.
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