On August 30th, according to official news, the stablecoin protocol Frax Finance announced the launch of the domain name service FNS, which is currently open to users. FNS is a fork 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 domains will burn 1 million FXS tokens.