The Frax Finance community has opened voting on the proposal to "Use BlackRock BUIDL as a reserve asset for Frax USD."
ChainCatcher news, according to official information, the Frax Finance community's vote on adopting the Bladex Dollar Institutional Digital Liquidity Fund Limited (BUIDL) as the reserve asset for the stablecoin Frax USD (frxUSD) is now live. The proposal will end on January 1, 2025, and currently has a support rate of 100%.
According to the voting summary, the benefits of passing the Frax Dollar proposal may include creating yield opportunities, enhancing liquidity, providing transfer options, and reducing counterparty risk due to Bladex's support.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
