The Frax Finance community released a proposal to use 1 million FRAX in the DAO treasury to purchase CRV from the founder of Curve through OTC

08/14 09:25

On August 14th, Frax Community released a new governance proposal suggesting the use of 1 million FRAX from the DAO treasury to purchase CRV from the founder of Curve through OTC. The proposal states that the acquired CRV tokens will not be sold, but will be staked in veCRV (through Frax's whitelist lock-up contract) or cvxCRV. Purchasing CRV tokens will benefit Frax's development within the Curve ecosystem and help drive future growth of the Frax Finance ecosystem.

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