<-- test --!> Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin – Best Reviews By Consumers
Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin

Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin

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According to the proposal, the protocol will not create additional FXS to hike the collateral ratio, which would inflate the token’s supply. Instead, it proposes retaining protocol revenues and authorizing the purchase of up to $3 million of frxETH, the protocol’s liquid ether staking derivative, to prop up reserves.

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