Frax Singularity Roadmap Ushers in New Era for Frax Assets and Fraxtal

🚀 Frax Singularity Begins

By Frax
Apr 15, 2024, 6:27 PM
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The Frax community has approved the Frax Singularity Roadmap Part 1, introducing significant changes to the protocol.​ Key highlights include the activation of revenue sharing for veFXS stakers, who will now earn nearly $400,000 in fees this week.​ Additionally, the FXS Liquidity Engine on Fraxtal will go live, facilitating FXS buybacks.​ The sFRAX cap rate will be increased to 50% APY with a 5.​40% floor rate.​ Frax is also partnering with Ethena Labs to allocate 250M FRAX to sUSDe lending pools, expanding cash flow and funding sFRAX APY.​ Furthermore, sfrxETH will undergo a restaking revamp, backed by Eigenlayer AVS validators, providing additional yield.​ The roadmap aims to achieve over $100 billion in Fraxtal TVL by the end of 2026.​

Sources

Frax Singularity Proposal is Out! Highlights👇 - Frax generated $45m to achieve effective 100% CR - 100% CR means fee switch turned back on for veFXS - FXS Liquidity Engine to be schelling point for Frax assets - sFRAX to have 50% Cap Rate - Target $100 Bil Fraxtal TVL by 2026

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