$FRAX is a hybrid stablecoin that combines algorithmic mechanisms with collateral backing to maintain its peg to the US dollar. It aims to be more capital-efficient than fully collateralized stablecoins while remaining stable. FRAX is governed by the Frax Finance ecosystem, which also includes products like Frax Share (FXS). Its design allows the collateral ratio to adjust based on market conditions. FRAX is widely used in DeFi protocols for lending, trading, and liquidity. The project focuses on scalability, decentralization, and long-term stability.#FraxShare ##frax