Frax Finance Launches FRAX Burn Engine for frxETH Protocol Fees

Your call?🐂 Bullish🐻 Bearish

$ETH

$2,005

-2.2%

Frax will use its full 8% fee on frxETH Ether staking revenue to buy FRAX on the open market and burn it. The revenue is expected to flow into the engine in the fourth quarter.