Frax Finance plans to announce proposed revenue sharing within 10 days: ‘It will be huge returns’

Decentralized stablecoin protocol Frax Frax

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The Treasury is considering withdrawing rewards for token stakers again within the next two weeks.

This move follows Uniswap’s offer to reward UNI holders. However, while Uniswap is implementing rewards for the first time, Frax Finance will reverse its previous decision to discontinue rewards, Frax founder Sam Kazemian told The Block.

“Yes, they voted to stop rev (revenue) sharing before, but now we think it’s the right time to flip a huge switch. It’s going to be a huge revenue boost,” Kazemian said, adding that implementation will happen. Within 10 days.

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February 24, Prax asked Social media platform Is it?”

Just the day before, Uniswap proposed rewarding users for staking its native token UNI to encourage active and thoughtful delegation. Frax will follow Uniswap’s decision, but ultimately it’s up to the community to make the decision, Kazemian told CoinDesk.

Frax Finance develops FRAX, a decentralized USD-pegged stablecoin. The Frax protocol is governed by a native token. FXS

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What users can stake to earn money veFXS, an illiquid token. Frax Finance has discontinued staking rewards for veFXS holders in 2022.

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