Frax Finance

I would like to propose the idea of adding BTC to our treasury holding.

I would like to divert 20% of the amo profits from veFXS rewards to BTC accumulation when BTC price is below $50,000 as the weekly candle closes.

This would reduce the $ amount rewarded to veFXS holders during a BTC bear market, but would help build up the value of the protocol treasury and in turn increase the value of the FXS token over the longer time frame.

Adding more assets to the treasury holdings results in more profit making assets, and more profit now will compound in to much bigger profit later, which is good for long term veFXS holders.

As BTC goes above $50,000 we will go back to paying all 100% of the reward to veFXS

See thread here > https://gov.frax.finance/t/btc-accumulation/796

FOR = Accumulate BTC as above

AGAINST = Do nothing.