According to Foresight News, the first part of Frax Finance's Singularity Roadmap proposal has been approved by community vote. With the full collateralization of the FRAX stablecoin, revenue sharing for veFXS holders can begin as early as this Wednesday. Frax Finance stated that the repurchase of FXS through the Fraxtal liquidity engine will also be launched as early as next week. Frax has partnered with Ethena to allocate 250 million FRAX to the sUSDe lending pool in the Morpho lending protocol, Fraxlend, and Curve's POL, in order to expand Frax's cash flow, provide funding for sFRAX APY, and increase sUSDe/FRAX liquidity.
In the coming weeks, sfrxETH will be supported by EigenLayer AVS validators through strategic partnerships, providing points and additional rewards for holders. Additionally, Frax Finance announced that the second snapshot date for FXTL points will be moved to April 18th at 07:59, in order to give the community more time to stake veFXS on Fraxtal.