Frax opens FIP-451 vote for Royco sfrxUSD strategy
Frax Finance opened the FIP-451 governance vote to add Royco Protocol's SLP as an sfrxUSD strategy with up to $1M in frxUSD. If passed, frxUSD would become the default productive redemption liquidity for Royco's senior tranche.
- Royco focuses on transforming liquidity through tranching.
- The vote is open for frxUSD holders to participate.
Frax
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Frax is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
