Frax announced a proposal to distribute protocol revenues to stakers, inspired by Uniswap's recent strategy, to incentivize long-term commitment within the Frax ecosystem and strengthen decentralized governance, with a formal plan expected in 10 days.

Frax Finance is ready to deploy the v3 upgrade. The upgrade integrates the Federal Reserve's IORB rate and abandons the stablecoin's algorithmic component for enhanced stability.

The Frax Finance community voted to cancel the algorithmic component of the FRAX stablecoin. Gradually, the stablecoin will be fully collateralized.