Frax Finance 公布修订后的协议费用策略，以提高稳定币的稳定性和流动性

Frax Finance 提议恢复其协议费用转换，将 50% 的收益分配给 veFXS，50% 的收益用于购买 Frax 资产以在 FXS 流动性引擎中进行配对。该提案旨在增强 Frax 的财务状况并增强 FXS 和配对资产的流动性。此外，Frax Finance 概述了一个新的代币经济系统，以完全抵押 FRAX 稳定币，并建议增强收益结构。

Frax Finance Unveils Restructured Protocol Fee Strategy to Enhance Stablecoin Stability and Liquidity

Frax Finance 推出重组协议费用策略，以增强稳定币的稳定性和流动性

Frax Finance, the decentralized stablecoin protocol, has presented a comprehensive proposal aimed at reinstating its protocol fee switch with a focus on bolstering the FRAX stablecoin's collateralization and improving liquidity for its native tokens.

去中心化稳定币协议 Frax Finance 提出了一项全面提案，旨在恢复其协议费用转换，重点是加强 FRAX 稳定币的抵押并提高其原生代币的流动性。

The proposal, put forth on Thursday, outlines a multifaceted approach to reintroduce the protocol fee switch. Under the revised plan, 50% of the generated yield will be allocated to veFXS, the governance token staked by FXS holders, while the remaining 50% will be utilized to acquire additional Frax assets for pairing in the Frax Liquidity Engine (FLE).

该提案于周四提出，概述了重新引入协议费用转换的多方面方法。根据修订后的计划，所产生的收益的 50% 将分配给 veFXS（FXS 持有者质押的治理代币），而剩余的 50% 将用于购买额外的 Frax 资产，以便在 Frax 流动性引擎（FLE）中进行配对。

The implementation of the FLE is intended to strengthen Frax's financial position by providing dedicated resources for the purchasing and pairing of Frax assets. This strategy aims to enhance liquidity for both FXS and other paired assets, thereby fostering a more robust and stable ecosystem for the stablecoin.

FLE 的实施旨在通过为 Frax 资产的购买和配对提供专用资源来增强 Frax 的财务状况。该策略旨在增强 FXS 和其他配对资产的流动性，从而为稳定币培育一个更加强大和稳定的生态系统。

Furthermore, the proposal presents a novel tokenomics system designed to fully collateralize FRAX. The system proposes adjustments to yield structures and incentives for veFXS stakers. By providing total protocol fees to veFXS stakers, the proposal seeks to incentivize long-term commitment to the platform and reinforce the token's governance role.

此外，该提案提出了一种新颖的代币经济系统，旨在完全抵押 FRAX。该系统建议调整收益结构和 veFXS 质押者的激励措施。通过向 veFXS 质押者提供总协议费用，该提案旨在激励对平台的长期承诺并加强代币的治理作用。

Frax Finance initially proposed reactivating the protocol fee switch on February 26th, following a previous decision to suspend rewards. At the time, Sam Kazemian, the protocol's founder, expressed confidence in the timing of the reinstatement, stating that "it is the right time to turn on the huge switch. It will be a ton of revenue."

继之前暂停奖励的决定后，Frax Finance 最初提议于 2 月 26 日重新激活协议费用开关。当时，该协议的创始人 Sam Kazemian 对恢复的时机表示有信心，并表示“现在是打开巨大开关的正确时机。这将带来大量收入。”

Frax Finance is responsible for the development and maintenance of the FRAX USD-pegged decentralized stablecoin. The protocol's native token, FXS, serves as a governance token, while veFXS is distributed to users who stake FXS.

Frax Finance 负责 FRAX 与美元挂钩的去中心化稳定币的开发和维护。该协议的原生代币 FXS 充当治理代币，而 veFXS 则分发给质押 FXS 的用户。

As of 5:32 p.m. on March 21st, FXS was trading at $7.48, representing a 1.13% increase over the past 24 hours. The proposal marks a significant step forward in Frax Finance's efforts to enhance the stability and utility of its ecosystem. The implementation of these measures is expected to contribute to long-term growth and adoption of the platform.

截至下午 5:32 3月21日，FXS交易价格为7.48美元，过去24小时上涨1.13%。该提案标志着 Frax Finance 在增强其生态系统的稳定性和实用性方面向前迈出了重要一步。这些措施的实施预计将有助于该平台的长期增长和采用。