

Frax Finance has recently launched a new service called the Frax Name Service (FNS), designed specifically for its ecosystem. FNS is a decentralized identity service similar to the Ethereum Name Service (ENS) but specifically tailored for the Frax ecosystem.
DeFi protocol Frax Finance has unveiled a new service within its ecosystem, called the Frax Name Service (FNS). The service is designed to function similarly to the widely used Ethereum Name Service (ENS), but it is specifically tailored to the Frax ecosystem.
One of the key aspects that sets FNS apart from ENS is its unique utilization of Frax’s FXS tokens. The service enables users to sponsor and register names within the Frax ecosystem. However, a unique token burning mechanism is incorporated into this process.
For example, every 1,000 three-letter FNS names will lead to the consumption of 1 million $FXS tokens per year. This serves as one of the avenues through which the Frax token is being integrated into other services and applications.
Getting started with FNS is straightforward, and the team has outlined the steps involved:
1. Users can begin by checking whether their desired name is available by typing it into the system.
2. They should thenを確認 that they have sufficient FXS tokens in their account.
3. Currently, to register a name, users are required to pay a fee for one year, with a 90-day grace period.
4. In general, once the payment is processed, the name is officially registered.
Frax Stablecoin Reaches $647M Market Cap
Frax Finance was founded in December 2020 and has become renowned for its stablecoin, FRAX. This stablecoin uniquely combines both algorithmic and collateralized models.
Currently, FRAX ranks as the 8th largest stablecoin by market capitalization, boasting an impressive value of roughly $647 million. According to data from defillama.com, Frax, a liquid staking protocol, now holds a total of 187,627 ethers.
Moreover, Frax notably entered the Cosmos ecosystem in April of this year through the Noble blockchain.
The introduction of FNS aligns with Frax’s roadmap to establish a comprehensive DeFi ecosystem. As the Frax Fraxtal platform continues to evolve, FNS will play a crucial role in enabling users to create and define their identities within the Frax world.
The above is the detailed content of Frax Finance Unveils Frax Name Service (FNS), a Decentralized Identity Service Tailored for Its Ecosystem. For more information, please follow other related articles on the PHP Chinese website!

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,p_40)
Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

This article reviews the ten-year price trend of Bitcoin from 2015 to 2025 in detail. Data shows that Bitcoin price fluctuates dramatically, experiencing huge changes from $200 to over $100,000. During this period, the price of Bitcoin was affected by a variety of factors, including halving of block rewards, market sentiment, regulatory policies, and global macroeconomic situation. The article analyzes the rise and fall of Bitcoin prices year by year, and focuses on interpreting the price changes in key years, providing a reference for investors to understand the history of Bitcoin prices and predict future trends. Keywords: Bitcoin price, Bitcoin trend, Bitcoin decade, digital currency, cryptocurrency

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Top 10 digital currency app platforms: 1. OKX, 2. Binance, 3. Gate.io, 4. Kraken, 5. Coinbase, 6. Huobi, 7. KuCoin, 8. Crypto.com, 9. Bitfinex, 10. Gemini; these platforms are ranked according to factors such as transaction volume, security and user experience. When choosing, the platform's security, liquidity, transaction fees, currency selection, user interface and customer support should be considered.

Since then, the provider has been investigating how this could have happened and how it will (hopefully) not happen again in the future.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool

MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

SublimeText3 Linux new version
SublimeText3 Linux latest version

SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
