Frax Finance plans to announce the proposed income distribution plan within 10 days
On February 27th, according to The Block, Sam Kazemian, the founder of the hybrid algorithm stablecoin protocol Frax Finance, stated that they are considering resuming rewards distribution to token stakers in the next two weeks. "Yes, they previously voted to stop income distribution. But now we feel it's the right time to open a huge switch. This will bring in a lot of revenue," Kazemian said and added that implementation will be completed within 10 days. BlockBeats reported yesterday that Frax Finance's core team is considering proposing a new plan aimed at sharing protocol revenue with its veFXS token holders. This move mirrors a similar proposal on decentralized exchange Uniswap last week.
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