Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

Last week, Uniswap proposed rewarding UNI token holders who stake and delegate their staked tokens with a portion of the DEX’s fee earnings. UNI is the native governance token of Uniswap. The crypto community cheered the proposal, sending UNI higher by 60%. Several other DeFi tokens, including COMP, AAVE and SUHI, also witnessed an increase in value.

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• Source: https://www.coindesk.com/business/2024/02/26/frax-finance-mulls-uniswap-like-reward-mechanism-for-token-stakers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines