<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvNDEyYWM5ODMtODA5Mi00MDZhLWJhMjAtZTM3MWI3NmFjOWQ2LmpwZw==.jpg"></p><p>The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing.</p>