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 @eigencloud 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 @eigencloud 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.
LlamaRisk Proposes Doubling frxUSD Cap on Aave V4 to $20M
**frxUSD caps on Aave V4 are set to double** following a proposal from LlamaRisk. The stablecoin's initial $10M limit filled quickly after incentives launched last week, prompting the proposed increase to $20M. **Key developments:** - frxUSD would become the largest stablecoin by cap on Aave V4 if approved - Currently ranks as third most borrowed stablecoin on the platform, behind USDC and USDT - Borrowing rates start at 1.5% APY The rapid cap fill demonstrates demand for frxUSD in the lending market. The proposal reflects Aave V4's security-first approach, gradually expanding limits as the protocol proves stable. [Read the full governance proposal](https://governance.aave.com/t/arfc-aave-v4-activation-on-ethereum-mainnet/24293/25)
Send Launches Base-Canton Bridge with frxUSD as Day 1 Asset
**Send has launched a bridge connecting Base and Canton Network**, with frxUSD included as a launch asset. - The bridge enables cross-chain transfers between Base and Canton - **frxUSD.B** is the Send-bridged version of frxUSD on Canton - This brings Frax's stablecoin benefits to Canton Network's privacy-first institutional blockchain - More collaboration between the platforms is planned Canton Network has been gaining institutional adoption due to its privacy-focused architecture. Frax previously announced its role as a Canton validator and committed to establishing a strong frxUSD presence on the network.
Tangent Protocol Launches with frxUSD as Core Stablecoin
**Tangent, a new DeFi protocol, has officially launched with frxUSD as its core default stablecoin.** The protocol offers liquidity providers up to **30% APR plus future $TAN token allocations** through its PegKeeper pool integration with Curve Finance. Unlike other stablecoins that only use frxUSD for secondary market liquidity, Tangent's USG stablecoin relies on frxUSD as its primary mechanism for maintaining its peg. This launch follows a pre-deposit phase where frxUSD was selected as one of only two default stablecoins (alongside USDC) to secure $TAN allocations.
Tangent Opens Pre-Deposits Next Week with frxUSD as Default Stablecoin
**Tangent pre-deposits launch in one week**, featuring frxUSD as the default stablecoin alongside USDC. **Key details:** - Tangent integrates with frxUSD PegKeeper pools on Curve Finance - The integration expands frxUSD's role as a core DeFi stablecoin for onchain liquidity - frxUSD offers yield forwarding capabilities alongside its stability features The launch represents continued adoption of frxUSD as a foundational stablecoin for DeFi protocols.
Curve FX Pools Launch on Polygon with Five Global Stablecoins
Frax, Curve, Polygon, and DFB have launched onchain foreign exchange markets on Polygon, pairing frxUSD with five non-USD stablecoins. **Available Trading Pairs:** - BRZ (Brazilian Real) - tGBP (British Pound) - AUDF (Australian Dollar) - KRWQ (Korean Won) - IDRX (Indonesian Rupiah) - frxUSD-USDT0 (dollar liquidity) The collaboration addresses traditional FX market limitations including high fees and fragmented liquidity. DFB provides market-making services while incentives are currently active. [Access pools](https://www.curve.finance/dex/polygon/pools?search=frxusd&sort=-tvl)