Frax founder supports the new token buyback proposal put forward by Ouroboros Capital

ChainCatcher news, according to The Block, cryptocurrency investment research firm Ouroboros Capital proposed on June 16 a plan calling for an active optimization of the current token buyback strategy. The proposal suggests that if the FXS price falls below $5, a $1 million TWAP buyback should be initiated for every $1 drop, rather than the previous buyback strategy that did not consider price fluctuations.

Frax Finance founder Sam Kazemian expressed support for Ouroboros Capital's proposal and stated that the best use of held funds is to buy back and burn FXS. (source link)