Mudrex will support the Frax Share (FXS) mainnet swap and rebranding to Frax (FRAX).
As part of this upgrade, all existing FXS tokens on Mudrex will be automatically swapped to FRAX at a fixed ratio of 1 FXS = 1 FRAX, ensuring a seamless transition for all users.
Here’s the timeline for the migration:
- 📅 FXS delisting on Mudrex: January 12, 2026
- 📅 FRAX listing goes live: January 15, 2026
After the delisting date, any FXS tokens held on the Mudrex platform will be converted to FRAX at a 1:1 ratio as part of the mainnet swap. Between January 12 and January 15, 2026, FXS will not be visible in user portfolios, and trading will be temporarily unavailable during the migration period. You do not need to take any action, as the swap will be completed automatically on your behalf.
This upgrade aligns with Frax’s protocol enhancement plans, where FXS transitions into the native commodity and gas token of the Fraxtal blockchain under the FRAX ticker. The migration supports Frax’s long-term vision of establishing a unified token that underpins gas fees and network security while eliminating legacy contract distinctions.
We recommend reviewing the official Frax documentation for more details on the upgrade process and what it means for token holders:
👉 Learn more: FXS Upgrade to FRAX- Official Announcement
If you have questions about your holdings or the migration, feel free to reach out to our support team. Stay tuned for updates, and thank you for being part of the Mudrex community!
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