Announcements Gate Has Completed Frax Share (FXS) Migration to Frax (FRAX)

Gate Has Completed Frax Share (FXS) Migration to Frax (FRAX)

2025-06-24 03:49:19 UTC 108186 Read

FRAX/USDT -4.40%

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the official announcement from the Frax Share (FXS) team, Frax Share (FXS) tokens have been migrated to Frax (FRAX) at a ratio of 1 : 1. Gate has successfully completed the asset swap, and users can now view the details in your Transaction History. Gate will soon enable deposits for FRAX, with trading set to commence at 06:00 (UTC) on June 25, 2025. Withdrawal services will follow shortly after.

Swap Ratio: 1 FXS : 1 FRAX
**Trading Start Time: June 25, 2025, at 06:00 UTC**
Frax (FRAX) Token ID: Mainnet

Please note that once the migration is complete, the new token will enter an inflation phase. Starting from the first year after migration, the annual inflation rate will be 8%, decreasing by 1% annually for five years, and stabilizing at 3%. The total inflation is estimated to be around 40%. Gate no longer supports the old Frax Share (FXS) tokens. Deposit and withdrawal services for the new Frax (FRAX) tokens will be supported. Once trading resumes, please be aware of potential market volatility and exercise caution when placing orders.

Deposit Frax (FRAX) at: https://www.gate.com/myaccount/deposit/FRAX
Trade Frax (FRAX) in USDT Market Via: https://www.gate.com/trade/FRAX_USDT

Official announcement: https://x.com/fraxfinance/status/1917204290906820682

Thank you for your support and trust in Gate. If you have any questions or require assistance, please feel free to contact our customer support team.

<sp>
Gate Team
June 24th, 2025
<sp>
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Gate Has Completed Frax Share (FXS) Migration to Frax (FRAX)

Gate Has Completed Frax Share (FXS) Migration to Frax (FRAX)

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