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f(x) Protocol expands to the Base network and introduces a new governance TokenbFXN
PANews reported on January 24th that the leveraged protocolf(x) Protocol announced on the X platform that the protocol has officially expanded to the Base network and launched a new governance token bFXN, aiming to capture all the revenue generated on Base. Regarding the economic model of bFXN token, 50% of the supply is allocated to f(x) Protocol (permanently locked), 39% is used for Mining rewards (distributed over 100 years), 5% is used for ID0, and 5% is allocated to the treasury; 1% is used for seed Liquidity. veFXN holders can enjoy a 50% discount in bFXN ID0.