Frax Protocol Announces Incentives for L3 Teams to Launch on Fraxtal
Frax Protocol Announces Incentives for L3 Teams to Launch on Fraxtal
馃殌 Frax Supercharges L3 Launches
The Frax Protocol has announced a new initiative to incentivize Layer 3 (L3) teams to launch their projects on Fraxtal, the protocol's Layer 2 scaling solution. L3 teams that join the Superchain Collective and launch on Fraxtal will be eligible to earn direct rewards in the form of $FXTL and $FXS tokens, as well as additional perks from the OP Superchain. This move aims to attract more projects to the Fraxtal ecosystem and further expand the capabilities of the Frax Protocol.
It's now as easy as 1, 2, 3 to launch an L3 that settles on Fraxtal! 馃殌 L3 teams can earn direct $FXTL & $FXS incentives as well as OP Superchain perks by teaming up with us & joining the Superchain Collective. 馃
馃敶 Welcoming L3s to the Superchain! L3s can join the Superchain by building on the OP Stack and sharing revenue with the Collective. Benefits include: - Accessing a broad network of Superchain builders - Eligibilities for Retro Funding, airdrops, growth campaigns, and more
Frax Makes Waves at Bitcoin Conference with Regulatory Progress
Frax marked significant milestones at The Bitcoin Conference as official sponsors, engaging with over 35,000 attendees. **Key highlights**: - Meetings with lawmakers including J.D. Vance about stablecoin vision - CEO Sam Kazemian discussed future plans with GENIUS+STABLE Acts authors - frxUSD launch designed to meet new regulatory standards - Thousands visited Frax booths to discuss strategy The company is actively working with federal and state leaders to integrate regulated payment stablecoins into the financial system. Visit [frax.com](http://frax.com) to learn more.
Frax Expands sfrxUSD to Sei Network
Frax has integrated sfrxUSD with Sei Network, enhancing stablecoin functionality across DeFi applications including jlyvrs and synnax_labs. Key updates: - Direct conversion between frxUSD and sfrxUSD now available on Sei - Integration powered by LayerZero Core technology - Simple staking/unstaking process through [frax.com/earn](https://frax.com/earn) This expansion follows recent integrations with Sonic Labs and other platforms, demonstrating Frax's continued cross-chain growth strategy. *Security Note: Users should only access services through official Frax channels to avoid phishing attempts.*
Frax Partners with Origin Protocol for New High-Yield Pool on Curve
Frax has launched a new yield-generating pool on Curve Finance in collaboration with Origin Protocol. The pool pairs frxETH with OETH and features LST (Liquid Staking Token) yield-boosted incentives. This follows Frax's recent expansion of yield opportunities, including their deployment on Fraxtal with dTRINITY_DeFi's lending loops and Ethena Labs integrations. - Pool is now live on Curve Finance - Features frxETH/OETH pairing - Includes LST yield boosting - Part of Frax's ongoing DeFi partnership strategy
Fraxtal Announces North Star Hard Fork and AI Integration Plans
Fraxtal, now a top 4 sovereign rollup with $300M TVL, announces major updates coming in February 2024: - Implementation of real-time blocks in 2025 - Partnership with IQWIKI for Agent Tokenization Platform - Development of AIVM (AI Virtual Machine) for onchain agents - Introduction of Frax Burn Engine (FBE) for gas fee management - FXTL tokenization with $FRAX tail emissions The protocol aims to excel in three key areas: decentralization/security, speed, and AI integration. Through Optimism Superchain, Fraxtal maintains Ethereum-level security while focusing on performance improvements and AI capabilities. *Note: Official updates only through Frax X and Telegram accounts.*
Ethena Labs Launches on Fraxtal L2 with New Curve Pools
**Ethena Labs** has launched on Fraxtal L2, introducing new Curve Finance pools for USDe/FRAX and sUSDe/FRAX trading pairs. Key features: - LPs earn trading yield plus 30X Ethena Ethereal points - All activities on Fraxtal earn $FXTL points - Assets can be bridged via Stargate Finance Fraxtal recently achieved $200M TVL and aims to become a central DeFi liquidity hub. The platform emphasizes security, warning users to access only through official channels. *Bridge your assets now to participate in the new liquidity pools.*