According to a recent Uniswap report, Frax Finance, a decentralized finance (DeFi) technology, is proposing a new proposal to reward veFXS token stakeholders with a portion of platform earnings. This approach is similar to one disclosed by Uniswap, which intends to disperse fees to UNI token holders.
Initially, Frax Finance’s community voted against revenue sharing for 2022. However, with Frax’s yearly sales approaching eight figures, CEO Sam Kazemian believes it is time to reconsider the concept. If adopted, the proposal would represent a significant shift in Frax’s incentive structure, allowing veFXS stakeholders to shape the protocol’s destiny.
Frax has resorted to social media to solicit feedback on the plan from the cryptocurrencycurrency community. So far, responses have been positive, with commentators like as Ignas and the decentralized exchange Curve lending their support. With community feedback underway, the income sharing plan marks an exciting new chapter for Frax Finance by rewarding veFXS holders for their participation in governance.
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