Frax Finance Community Passed Proposal of Using 20M $FRAX to Buy Back $FXS
Jun 30,2022,17:27
Stablecoin protocol Frax Finance's community has voted to pass a proposal which proposed using 20m $FRAX to buy back $FXS. The proposal was raised by Frax's co-founders Sam Kazemian and Travis Moore. The $FXS bought back can be burned entirely, placed in veFXS yield, or retained in the treasury until future governance allocates uses.
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