Stablecoin protocol Frax Finance recently announced the launch of its FNS (Frax Name Service) domain service, a branch of Ethereum Name Service (ENS) within its ecosystem. FNS maintains the core functionalities of ENS but adopts a unique mechanism that involves burning FXS tokens. As of today, users can begin applying for FNS services. Every year, 1,000 three-letter FNS domains will be released by burning 1 million FXS tokens. This initiative aims to enrich the Frax Finance ecosystem and provide more flexible and secure domain solutions.