Stablecoin protocol Frax Finance launches domain name service FNS, now open to users for application

According to TechFlow, the stablecoin protocol Frax Finance announced the launch of the domain name service FNS, which is now open to users. FNS is a branch of the Ethereum Domain Name Service (ENS) in the Frax ecosystem. It retains the core functions of ENS, but FNS destroys FXS tokens.

1,000 three-letter FNS domain names will burn 1,000,000 FXS tokens per year.