Ceo of Frax Finance,Sam Kazemian, recently made it public on the introduction of  reward mechanism for stakers.The proposal seeks to share profits with holders of the veFXS token, a model that recently got implemented by Uniswap.Under this concept, if the community authorizes it, a staking backdrop would be built to thrive and sustain the staking of veFXS tokens that are used for governance and seeking utility benefits in the Frax ecosystem.

A proposal to “Activate Uniswap Protocol Governance” was recently released by Uniswap. It contains a strategy to distribute protocol fees to holders of UNI tokens who stake and delegate their tokens. A comparable approach is also being considered by the decentralized finance (DeFi) protocol Frax Finance for its ecosystem.

Prior to this decision in early 2022, the Frax community voted against sharing revenue, which was another blow to the LUP.

Frax Finance has spurred discussions on social media about the proposed revenue-sharing mechanism and at the same urged its customers to share their thoughts with them. The main reactions the community of attack smack especially from analysts like Ignas and Curve tended to be positive.

The release of this next announcement had already impacted the FXS token price of Frax,which gained 7.72% in the last 24 hours. It is exactly the same manner with the UNI token of Uniswap which, after its similar announcement, also demonstrated growth.

The imposition of this revenue-sharing principle could be substantial to change the flying phenomena of the Frax system and the currency of FXS token. The liquidity mining issuance of rewards to the economy is one of the growing trends of the DeFi protocols, trying to motivate people and improve interaction.

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