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$FRAX Price Alert — Up 3.07%! 📈
Key catalysts:
Frax Finance launches first on-chain Crypto Strategic Reserve (CSR), fully governed by veFRAX holders — letting the community control BTC/ETH allocations and rebalance without multisig or foundation involvement 🏛️
CSR integrates with FXS → FRAX rebrand, making the governance token also Fraxtal's gas token for added utility
frxUSD collateralized through U.S. Treasury bills via BlackRock's BUIDL fund, BitGo custody, and planned Fed master account 🏦
FIP-440 proposal delays FXTL point conversions until major milestones: $10 FRAX price, 500M Fraxtal TVL, or 1B frxUSD supply 📊
$FRAX is showing strong community-backed fundamentals — worth watching 👀
Any tip!
#FRAX #CryptoAlert #DeFi #Altcoins