Frax
as of 19 October 2026
Verdict
Active but concentrated: proposals keep coming, and a small group of addresses decides most outcomes.
Key figures
Health breakdown
Activity
Activity has slowed: 2 proposals in the last 90 days, against 15 over the year.
SnapshotParticipation
The typical proposal cleared its quorum, and 93% of recent proposals reached it.
SnapshotTreasury diversification
100% of the treasury is held in assets other than the organization's own token.
DefiLlamaVote decentralization
Only 7 addresses voted across the last three settled proposals.
SnapshotWhat moved the score
- Participation96
- Treasury diversification100
- Vote decentralization21
What changed
- 14 Oct 2026Treasury fell from $1.7m to $318.1k.
Treasury
| Stablecoins | $17.9k | 6.6% |
|---|---|---|
| Other major assets | $14.1k | 5.2% |
| Other | $240.5k | 88% |
Treasury values move with token prices. See the daily history for how this figure has changed.
Governance activity
Proposals per month
Text version of this chart
| 2025-10 | 1 |
|---|---|
| 2025-11 | 3 |
| 2026-01 | 1 |
| 2026-03 | 2 |
| 2026-04 | 1 |
| 2026-05 | 1 |
| 2026-06 | 3 |
| 2026-07 | 1 |
| 2026-08 | 2 |
Health score over the last year
Text version of this chart
| Date | Value |
|---|---|
| 1 Sept 2026 | 83 |
| 2 Sept 2026 | 83 |
| 3 Sept 2026 | 83 |
| 4 Sept 2026 | 83 |
| 5 Sept 2026 | 83 |
| 6 Sept 2026 | 83 |
| 7 Sept 2026 | 83 |
| 8 Sept 2026 | 83 |
| 9 Sept 2026 | 83 |
| 10 Sept 2026 | 83 |
| 11 Sept 2026 | 83 |
| 12 Sept 2026 | 83 |
| 13 Sept 2026 | 83 |
| 14 Sept 2026 | 77 |
| 15 Sept 2026 | 77 |
| 16 Sept 2026 | 77 |
| 17 Sept 2026 | 78 |
| 18 Sept 2026 | 78 |
| 19 Sept 2026 | 78 |
| 20 Sept 2026 | 78 |
| 21 Sept 2026 | 72 |
| 22 Sept 2026 | 72 |
| 23 Sept 2026 | 72 |
| 24 Sept 2026 | 72 |
| 25 Sept 2026 | 72 |
| 1 Oct 2026 | 66 |
| 2 Oct 2026 | 66 |
| 3 Oct 2026 | 66 |
| 4 Oct 2026 | 66 |
| 5 Oct 2026 | 66 |
| 6 Oct 2026 | 66 |
| 7 Oct 2026 | 66 |
| 8 Oct 2026 | 66 |
| 9 Oct 2026 | 66 |
| 10 Oct 2026 | 66 |
| 11 Oct 2026 | 66 |
| 12 Oct 2026 | 66 |
| 13 Oct 2026 | 66 |
| 14 Oct 2026 | 66 |
| 15 Oct 2026 | 67 |
| 16 Oct 2026 | 67 |
| 17 Oct 2026 | 67 |
| 18 Oct 2026 | 67 |
| 19 Oct 2026 | 67 |
Recent proposals
[FIP-451] Add Royco SLP to sfrxUSD Strategies
12 Aug 2026[FIP - 450] Add Gearbox Institutional RWA Market to sfrxUSD Strategies
12 Aug 2026[FIP-449] EchoMarket Creator & Distribution Program for Frax Finance
1 Jul 2026[FIP-448] Wind Down the Frax Price Index (FPI) System
23 Jun 2026[FIP-447] Increase Aave v4 Allocation Cap for sfrxUSD Strategy from 20M to 50M
15 Jun 2026[FIP - 446] Early withdrawal of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP
15 Jun 2026[FIP - 445] Discontinue OFT token support on deprecated and inactive chains
26 May 2026[FIP - 444] Add sGHO and USCC to sfrxUSD Strategies
21 Apr 2026[FIP - 443] sfrxUSD New Strategies: Aave v4 & Morpho Vault Integrations
29 Mar 2026[FIP-442] Optional Early Exit for the Legacy crvUSD/L-FRAX Convex FRAX Vault (4% Fee)
2 Mar 2026
Participation and power
Top voters in recent votes
- 10x7240…b5Bf97%
- 20x0116…61522.8%
- 30x5296…4A2c0.4%
- 40x7191…2F860.1%
- 50x034f…54370.0%
- 60x6e74…c4D20.0%
- 70x089A…2dFd0.0%
Addresses are shown as the source publishes them. daohaus.com makes no attempt to identify the people behind them.
Snapshot · 19 Oct 2026Sources and verification
Every figure on this page was read from one of these. Each row links to the page a person can check.
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Something wrong?Comparing organizations side by side is planned for a future update.
A classification of how much control software agents hold is planned for a future update.