The Frax Finance community proposes to reactivate the fee switch

03/12 02:12

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A proposal to reactivate the fee switch was initiated by Westwood on the Frax Finance forum, as shown in the community governance forum.

The proposal states that the collateralization ratio (CR) of FRAX is 98.8%, which is close to 100%, and the overall market sentiment is bullish. Therefore, it is recommended to restore the distribution of fees to veFXS holders. Before the protocol obtains external collateralization, fees should be distributed to veFXS holders and the protocol treasury in a ratio of 75/25.

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