Frax Finance initiates a community proposal to allocate 75% of protocol fees to veFXS holders

ChainCatcher message, Frax Finance has initiated a community proposal to allocate 75% of the protocol fees to veFXS holders. The proposal states that the collateral ratio (CR) of FRAX is 98.8%, which is close to 100%, and the overall market sentiment is in the bullish zone. Therefore, it is suggested to resume the allocation of fees to veFXS holders. Before the protocol fully acquires external collateral, the fees should be distributed between veFXS holders and the protocol treasury at a ratio of 75/25.