Frax’s Grand Gambit: $50M Aave v4 Cap or Bust?
The current cap, a mere $20 million in frxUSD, seems but a drop in the ocean of their ambition. Should this proposal pass, Frax would gain the latitude to deploy its capital more freely into Aave v4, a move they claim will bolster their lending and distribution strategy. Ah, the grandeur of it all-a chess game played with millions, where each move is scrutinized by the invisible hand of governance.