Frax Finance launches Burn Engine to buy back and burn FRAX

Nov 13, 2026 00:46 (2h ago)

Frax Finance launched a Burn Engine for automated FRAX buybacks and burns.
Fourth-quarter frxETH revenue is scheduled to fund the Burn Engine.
Frax Finance outlined the revenue allocation plan in its third-quarter report.

Algorithmic stablecoin project Frax Finance has launched a Burn Engine that automatically uses protocol revenue to buy back and burn FRAX. Under a plan outlined in the project's third-quarter report, revenue from frxETH is scheduled to flow into the Burn Engine in the fourth quarter.