$FRAX 🚨 FRAX Price Alert - Up 3.07% - Cause:
- Frax Finance launched the first on-chain Crypto Strategic Reserve (CSR) governed by veFRAX holders, enabling community control over BTC/ETH allocations and rebalancing without multisig or foundation involvement.
- The CSR integrates with the FXS to FRAX rebrand, making the governance token also Fraxtal's gas token for enhanced utility.
- frxUSD collateralized through U.S. Treasury bills via BlackRock's BUIDL fund, BitGo custody, and planned Federal Reserve master account.
- FIP-440 proposal postpones FXTL point conversions until milestones like 10 FRAX price, 500M Fraxtal TVL, or 1B frxUSD supply.
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