Frax Finance applied for a grant of 1.5 million ARB to incentivize Frax stablecoin and ETH staking users

ChainCatcher message, Frax Finance has initiated a proposal in the Arbitrum governance forum, seeking a grant of 1.5 million ARB to incentivize users of the Frax stablecoin and staked ETH tokens on Frax Finance on Arbitrum, thereby attracting more potential users to the Arbitrum ecosystem. The incentives will be distributed among sfrxETH, frxETH, FRAX, and FPI (Frax's unique anti-inflation stablecoin) and will utilize all funds within six months after the grant approval.

Frax Finance also stated that if the application is approved, it will match a certain amount of funds for simultaneous incentives.