The first part of the Frax Finance Singularity Roadmap proposal has passed community voting

On April 3rd, it was announced that the first part of Frax Finance's Singularity Roadmap proposal has been approved by community voting. With the FRAX stablecoin fully secured, the revenue sharing for veFXS holders can begin as early as this Wednesday. Frax Finance stated that FXS's repurchase through the Fraxtal liquidity engine will also be launched as early as next week. Frax also collaborated with Ethena to allocate 250 million FRAX to the sUSDe lending pool+Fraxlend and POL in the lending agreement Morpho, in order to expand Frax's cash flow, provide funding for sFRAX APY, and increase sUSDe/FRAX liquidity.