Frax Finance has introduced a new system to buy and burn its stablecoin FRAX using fees collected from the protocol. Specifically, it retains 8% of the revenue generated from Ether staking activities linked to frxETH as a protocol fee. This fee revenue will be used to purchase FRAX tokens on the open market, which will then be permanently removed from circulation through burning. This mechanism is expected to begin incorporating revenue from frxETH's Ether staking in the fourth quarter, potentially reducing supply and supporting the token's value.
Frax Finance's new FRAX burn engine is the subject, with Pluang market data providing context as of Nov 13, 2026 07:31 WIB. For readers following major cryptocurrencies, 21 of 50 priced assets rose and 28 fell today. Notable movers include BAL (Balancer) at Rp16.297 with an 11.14% increase, EOS (EOS.IO) at Rp12.649 up 8.13%, and ENJ (Enjin Coin) at Rp386 down 6.31% with a strong buy order activity of 95%.
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