Here’s why Frax Finance (FXS) token soared today
Frax Finance is looking to mirror Uniswap’s proposal to allocate protocol fees to stakers FXS price surged to highs of $9.64 and could break above $10 if bulls hold onto gains. After the Uniswap Foundation released a proposal seeking to distribute network fees to UNI stakers, the team at Frax Finance have outlined a similar proposal. Frax Finance founder Sam Kazemian outlined this during an interview with CoinDesk. The Frax Finance team had earlier hinted at this on February 23 via a post on X. Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on? 👀 https://t.co/3Yd9oDV98A — Frax Finance ¤⛓️¤ (@fraxfinance) February 23, 2024 FXS toke surges amid UNI-like proposal Last week, the Uniswap ( UNI ) token jumped on news of the protocol’s rev...