TechFlow reports that the core team of DeFi protocol Frax Finance is considering following Uniswap's lead by allocating a portion of protocol fees to stakers of its native token, FXS.
Users who lock up FXS will receive veFXS tokens, allowing them to retain governance rights. The proposal will be discussed with the community, which previously voted to discontinue revenue sharing.
Uniswap recently proposed distributing a share of DEX fee revenues to UNI stakers, sparking strong market enthusiasm. Frax Finance said it would follow Uniswap's move by putting forth a similar proposal, with final approval depending on community vote.
Staking refers to locking up cryptocurrency to support blockchain operations and receiving rewards, while delegation involves assigning governance rights to entities within a decentralized autonomous organization.
