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Frax Finance will undergo a North Star upgrade, Frax Share will be renamed Frax and used as a gas token

Internet reports that Frax Finance, a decentralized stablecoin agreement, announced that it will carry out the North Star upgrade at noon on April 29, PST time (expected in the early morning of April 30, Beijing time). With this upgrade, Frax Share (FXS) will be renamed Frax, becoming Fraxtal's gas token, replacing frxETH, and serving as the only commodity token in the ecosystem used to ensure security. FXS held on Fraxtal will automatically convert to FRAX at a 1:1 ratio, and FXS held on Ethereum will need to be bridged to Fraxtal on or after April 29 for conversion.

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