Frax Finance launches discussion on proposal to convert FXTL points to FXS
Stablecoin protocol Frax Finance proposed a discussion on converting FXTL points to FXS on its governance forum. The proposal consists of two parts: an initial conversion and an annual FXTL conversion. For this purpose, 5 million FXS will be used, and after the initial conversion is completed, its market value will reach 93 million FXS. Afterward, 1 million FXS will be designated each year for unlocking and converting FXTL points.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
