DeFi Protocol Frax Launches Burn Engine, Plans to Use Revenue to Buy Back and Burn FRAX

on November 13, according to official announcements from Frax Finance, the FRAX burn engine is now live, with protocol revenue set to be used for programmatic buybacks and the burning of FRAX.

Frax Finance stated that, according to its third-quarter report, revenue generated by frxETH will flow into the burn engine during the fourth quarter.