Back to list

DeFi Protocol Frax Launches Burn Engine, Plans to Use Revenue to Buy Back and Burn FRAX

2026-11-13 09:01

TechFlow reported that on November 13, according to official information from Frax Finance, the FRAX burn engine has been launched, and protocol revenue will be used for programmatic buybacks and burns of FRAX.

Frax Finance stated that, according to its third-quarter report, revenue generated by frxETH will flow into the burn engine in the fourth quarter.

Source: TechFlow

© 2022-2032 Copyright https://bitgaing.xyz/

about
Help
Service
community
  • Customer Service：
  • market cooperation：
Please dont believe any information released by any unofficial platform. Beware of fraud. If you have any questions, please contact the customer service in time!