FXS to DAI conversion chart
Frax Shares to DAI correlation
DAI and FXS are not correlated to each other as FXS's value depends on supply and demand. Whereas, DAI is a stablecoin that is backed by traditional fiats like the dollar and the euro. DAI’s value remains the same, which is $1 regardless of the market conditions. Hence, FXS and DAI do not share a strong relationship.
Live Frax Share Price Change and Market Cap
Today, 1 FXS is worth 0$. From the Frax Share price chart, we can see that the 24-hour change is 0.00%. Its circulating supply is 0 FXS and the market capitalization today is $0. In the previous 24 hours, the Frax Share price reached a maximum price of 0$ and a minimum price of 0$.
Frax Share Price Prediction
Frax Share token reached its historic maximum price of $42.67 on April 3, 2022. $1.52 is its all-time low, observed on June 25, 2021. As of August 2023, it is 86% down from the ATH and 292% up from the all-time low.
The outlook on FXS is mildly optimistic. In 2023, the FXS price forecast is $13.46 maximum. By 2025, FXS is expected to rise to $46.04 US dollars. A 2030 price prediction for Frax Share gives a lower target at $42.21.
FXS to DAI exchange margin
Considering today’s exchange rate, a transaction of 1 FXS to DAI would result in an output of 0$.
How to convert Frax Shares to DAI
Frax Shares and DAI comparison
Frax Share (FXS) is a decentralized algorithmic stablecoin designed to maintain a stable value through a combination of collateralized and algorithmic mechanisms. It is the governance token of the Frax protocol, allowing users to participate in decision-making and earn rewards by staking their FXS tokens.
DAI is a crypto-collateralized stablecoin soft-pegged to USD. It means that while its price is always roughly equal to $1, its value is not backed by USD but by other cryptocurrencies. In DAI’s case, it is the cryptocurrencies locked into the Maker protocol as the collateral.
What is Frax Share (FXS)?
Frax Share (FXS) is a cryptocurrency that is part of the Frax ecosystem, which includes the stablecoin Frax (FRAX). FXS is a governance token that allows holders to participate in decision-making and earn rewards. It is designed to stabilize the value of FRAX by implementing an algorithmic mechanism that adjusts the supply of FXS based on demand. Holders can stake FXS in the Frax DAO to earn fees and voting power. With its unique approach to stability and governance, Frax Share aims to provide a decentralized and community-driven stablecoin solution in the cryptocurrency market.
Frax Shares to DAI price details
FXS to DAI Conversion Rate and Price
Currently, the conversion rate for 1 FXS equals to 0$. The 24-hour highest price of Frax Shares in relation to DAI was 0$ and the lowest was 0$. In short, FXS price in relation to DAI changed by 0.00%.
Instantly Exchange FXS to DAI
On ChangeHero you can instantly exchange Frax Shares to DAI without registrations. You can easily convert FXS to DAI in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your FXS to DAI exchange.
FXS to DAI Best Rate Exchange
In the Best Rate exchange of Frax Shares to DAI, we search through various exchanges for the FXS to DAI pair and find the best rate available in the market. We provide you with an estimation of the amount of DAI you will receive.
As soon as you accept the terms and the FXS is deposited, the exchange will be automatically processed. We remind you that the final amount of DAI you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of FXS to DAI.
FXS to DAI Fixed Rate Conversion
In the Fixed Rate exchange of Frax Shares to DAI, ChangeHero finds a good rate for the pair FXS to DAI and fix the rate for up to 15 minutes. In the Best Rate exchange of FXS to DAI, you will receive the exact amount of DAI which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned DAI address. ChangeHero is the best place to exchange FXS to DAI fast and safe at the best rates.
Frequently asked questions
How long does it take to convert FXS to DAI?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange FXS to DAI?
No, you do not require an account to swap FXS to DAI on ChangeHero. There will be no registrations for your Frax Shares to DAI transaction.
Do I need to go through KYC procedures for FXS to DAI exchange?
There will be no KYC for the FXS to DAI exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange DAI to FXS?
Yes, you can instantly exchange DAI to FXS on ChangeHero.
