Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

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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