Fraxtal Mainnet Bridge Goes Live with Incentives and Airdrop
Fraxtal Mainnet Bridge Goes Live with Incentives and Airdrop
🚀 Fraxtal Mainnet Ignition
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.
FRAXTAL Bridge NOW LIVE 👀 You can now bridge ETH, FRAX, frxETH + More over to Fraxtal!!! All chains lead to Fraxtal ⛓️ @fraxfinance
The moment has arrived. LPs - #Fraxtal bridge is now LIVE. Ready yourselves. Pools on RA go live this week 🙌 and it pays to be early. @fraxfinance
FRAXTAL Bridge NOW LIVE 👀 You can now bridge ETH, FRAX, frxETH + More over to Fraxtal!!! All chains lead to Fraxtal ⛓️ @fraxfinance
~13k $sfrxETH deposited through Kelp! 🧜♀️ That's more than 57% of all $sfrxETH deposits on @eigenlayer so far. LST caps are set to pause on 09 Feb, 12 PM PT. Before that, let's talk about everything $rsETH can unlock for $sfrxETH restakers. 🌱 🌊👇
Congrats to the @fraxfinance team! 🚨Fraxtal Mainnet Bridge is LIVE.
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! 🚀
The $FXTL points snapshot is planned for March 6. Make sure you have some $FXS locked as veFXS or stake some $CVXFXS / $sdFXS. People do not realise yet how big Fraxtal will become. @fraxfinance always builds top tier tech. BET MORE. 🌚
After months of development, @fraxfinance is finally launching Fraxtal. Here's a deep dive into Fraxtal, how they incentivize users to build on their L2, and the role of $FXS within this new ecosystem.
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! 🚀
The Stake DAO $FXS Liquid Locker has seen nearly a 10% increase in anticipation of the @fraxfinance airdrop. Snapshot date is March 6th, there's still time to get involved. 👇
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…
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👇🧵
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
"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.
LayerZero is live on @fraxfinance's L2 Fraxtal.
Frax Hires Former Mastercard Executive as VP of Strategic Initiatives
Frax has appointed Vince Dowdle as VP of Strategic Initiatives & Alliances, marking a significant step in expanding their institutional presence. The former Mastercard executive will focus on: - Building institutional relationships - Preparing for US payment stablecoin charter for frxUSD - Developing strategic partnerships This move aligns with Frax's commitment to US-based crypto innovation, following their support of organizations like @standwithcrypto and @coincenter. [Read the full announcement](https://www.prnewswire.com/news-releases/mastercard--startup-exec-joins-frax-to-spearhead-institutional-strategy-302424857.html)
Frax Pursues Payment Stablecoin Charter Under GENIUS Act
Frax is positioning to secure one of the first payment stablecoin charters globally for frxUSD under the US GENIUS Act legislation. This follows their recent launch of frxUSD, developed in partnership with BlackRock and Superstate Funds. Key features of frxUSD: - Separates issuance from custody - Offers cash mint/redeem capability - Maintains high on-chain yields via sfrxUSD - Supports 1:1 upgrades from legacy FRAX - Multi-chain deployment planned The stablecoin represents a strategic evolution in Frax's position as they adapt to increasing mainstream stablecoin adoption.
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.*