Stablecoin protocol Frax Finance has launched its domain service FNS and is now open for user applications.

DeepChain TechFlow News, stablecoin protocol $Frax Finance announced the launch of the domain service FNS, which is now open for user applications. FNS is a branch of the Ethereum Name Service (ENS) in the $Frax ecosystem. It retains the core functions of ENS, but FNS burns $FXS tokens.

Each year, 1000 three-letter FNS domains will burn 1 million $FXS tokens.