Frax (FRAX) - FXS to FRAX Swap - 29 Apr 2025

This event allows holders of FXS tokens on Fraxtal to convert them to FRAX automatically in a 1-to-1 swap. Such swaps can impact prices as they create liquidity when many users participate. Liquidity often attracts more trading and can lead to price movements. However, if most holders do not change their tokens or if there is low interest, the price impact may be minimal. Monitor how many people are converting to gauge future price potential. source1/ On April 29th at noon PST, Frax takes the next step in our evolution with the North Star Upgrade ️With this update, Frax Share will be renamed simply to Frax, become the gas token for Fraxtal, & be the sole commodity token utilized for security in the ecosystem forever.