PANews reported on August 30 that according to official news, the stablecoin protocol Frax Finance announced the launch of the domain name service FNS, which is now open to users for application. 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. Every year, 1,000 three-letter FNS domain names will burn 1 million FXS tokens.
