According to Foresight News, the stablecoin protocol Frax Finance published a proposal discussion on its governance forum to convert FXTL points to FXS. The proposal consists of two parts, an initial conversion, and the FXTL conversion that will run every year thereafter. 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 every year.
