Odaily Planet Daily News: Stablecoin protocol Frax Finance has published a proposal discussion on its governance forum to convert FXTL points into FXS. The proposal consists of two parts, an initial conversion, and the subsequent annual FXTL conversion. 5 million FXS will be used for this purpose, and after the initial conversion of FPIS, its market value will reach 93 million FXS. Thereafter, 1 million FXS unlocking amount will be designated for FXTL point conversion each year.