Frax Finance launches discussion on proposal to convert FXTL points to FXS

07/03 12:32

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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.

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