
Frax Finance is considering a proposal to share protocol revenue with stakers of its veFXS token, following a similar move by Uniswap. The core team plans to float this community proposal, with the decision ultimately lying in the hands of the community. The proposal is expected to generate "a ton of revenue", with plans to publish the proposed revenue sharing details within 10 days. Additionally, the $FRAX collateral ratio is nearing 98.4%, which is anticipated to further enhance the revenue switch's impact for $FXS stakers, potentially leading to 8 figures of annual revenue.
My boy @CryptoGrills is right, $fxs is primed … CR 98.4% now. When fee switch is on post 100%, 8 figs of annual revenue will flow to $veFXS stakers And that’s without accounting for L2 launch, fraxlend and other fee sources. https://t.co/H6cy5lYl6Y
$FRAX now at 98.4% collateral ratio. 100% is within reach. Revenue switch for $FXS is going to be glorious. https://t.co/TV7YW2wH2d
ICYMI: Frax Finance plans to publish proposed revenue sharing within 10 days: ‘It will be a ton of revenue’ https://t.co/b3SIYYX3CZ


