November 13, 20261 min read0 views

Frax Finance Launches FRAX Burn Engine for frxETH Protocol Fees

Frax Finance has launched a mechanism to buy and burn Frax (FRAX) with protocol fees, while revenue tied to frxETH’s Ether (ETH) staking activity is expected to enter it in the fourth quarter.

Frax retains 8% of frxETH’s Ether staking revenue as a protocol fee. The full fee amount will fund open-market FRAX purchases, and the tokens bought…

Reading Level🟢BeginnerNo prior crypto knowledge needed

Listen to this article

Frax Finance has launched a mechanism to buy and burn Frax (FRAX) with protocol fees, while revenue tied to frxETH’s Ether (ETH) staking activity is expected to enter it in the fourth quarter.

Frax retains 8% of frxETH’s Ether staking revenue as a protocol fee. The full fee amount will fund open-market FRAX purchases, and the tokens bought will be burned.