Frax Finance plans to introduce a mechanism for rewarding holders, following the example of Uniswap
On February 23, the Uniswap community made a proposal to redistribute commissions. The initiative will reward those who delegate or stake tokens.
The decentralized Frax Finance protocol plans to introduce a mechanism for rewarding FXS stake holders, following the example of the Uniswap platform. This is reported by CoinDesk with reference to the founder of the project, Sam Kazemyan.
Recall that on February 23, 2024, the Uniswap community made a proposal to redistribute commissions. The essence of the initiative is to reward those users who stake or delegate UNI tokens.
"We are going to follow the example of Uniswap and make this proposal. His approval will depend on the community," Kazemyan said.
FXS stake holders receive veFXS liquidity tokens when locking their assets. According to Kazemyan, the project team will consider the possibility of rewarding such users through a share of commissions.
