I didn't realize FAST had it but Holley and Megasquirt do. I believe they run a few strategies, the most effective one uses two speed sensors, one on a front wheel on and one on the driveshaft or rear wheel. It can retard timing, reduce boost or nitrous, or kill cylinders to get back to the target slip percentage.

Here is a really cool video of a Megasquirt MS3Pro system working on an 8 second car...on the street. Watch the difference in wheel speeds on the top and the timing down on the bottom on the screen.

https://youtu.be/FembJNagxOE