Frax Announces Fraxtal Hackathon with $5M+ in Prizes
Frax, the fractional-algorithmic stablecoin protocol, has announced the Fraxtal Hackathon, a major event for developers to build on the emerging Frax chain. The hackathon offers over $345,000 in immediate prizes across three tracks, with an additional $5 million+ in follow-on prizes to be announced. Winners will receive direct support and investment from Frax's network of VCs and angels. Project categories include perpetuals, DEXes, SocialFi, GameFi, Layer 3 appchains, DeFi, and stablecoin infrastructure. The hackathon is being run in partnership with DoraHacks, and the submission deadline is June 21st. Developers are encouraged to join the official Telegram group, read the rules, and register their projects.