Fraxtal Mainnet Bridge Goes Live with Incentives and Airdrop

🚀 Fraxtal Mainnet Ignition

By Frax
Mar 25, 2024, 5:03 PM
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Frax Finance has announced the launch of the Fraxtal Mainnet Bridge, allowing users to bridge tokens like ETH, FRAX, and frxETH to the Fraxtal Layer 2 network.​ Starting March 13th, Flox incentives will go live, rewarding users and contracts with $FXTL points for using Fraxtal.​ Additionally, there will be a significant airdrop of $FXTL points to veFXS stakers based on their balance as of March 6th.​ Various projects, including Curve Finance, Convex Finance, and LayerZero, will offer liquidity providing opportunities with incentives powered by Frax.​ The Fraxtal era has officially begun, marking a new phase for the Frax ecosystem.​

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Congrats to the @fraxfinance team! 🚨Fraxtal Mainnet Bridge is LIVE.

Frax Finance ¤⛓️¤
Frax Finance ¤⛓️¤
@fraxfinance

1/ Fraxtal Mainnet Bridge is now open to all public users & teams! Head over to bridge any token below: mainnet.frax.com/tools/bridge/d… Fraxtal ferry, Fraxswap, & other Frax apps as well as a slew of partner projects have already launched! 🚀

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The $sfrxETH restaking limit for @KelpDAO is now 20% full. EigenLayer unpause got pushed back to Feb 5th so you still have a few days to grab a spot and earn multiple airdrops. kelpdao.xyz/restake/?utm_s…

Sean Kelley
Sean Kelley
@SeanKelleyX

1/ As a @fraxfinance $sfrxETH holder, I have refrained from restaking... until now. That's because @KelpDAO is the first to offer liquid sfrxETH restaking, as @eigenlayer opens sfrxETH deposits Jan 29th. Here's why I'm trusting Kelp with my sfrxETH👇🧵

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Flox aka Fraxtal Blockspace Incentives is designed in a way to draw activity and TVL to Fraxtal. Fraxtal WILL NOT be a one-time get-rich-quick airdrop. So for those thinking that FXS is sell the news on Fraxtal, think again. My view is Fraxtal launches -> TVL grows as dApps

FlywheelDeFi.eth
FlywheelDeFi.eth
@FlywheelDeFi

"The Flox mechanism...is like a weekly airdrop & whatever dApp is the most popular gets a big amount of the points." This underscores the mechanism's goal to foster a sustainable ecosystem by rewarding SC gas usage, popularity (contract rank), & asset availability sampling.

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