Frax Finance is exploring a game-changing proposal to back frax usd (FRAX) with @BlackRock's BUIDL token 🪙💡. A governance vote will seal the deal by Dec. 31, 2024.

- FIP-418 proposes adding Blackrock’s BUIDL as a reserve asset.

- BUIDL is a tokenized U.S. Treasury product designed for liquidity and yield.

- Voting began Dec. 26, with 100% of votes currently in favor.