Frax

Frax has introduced a streamlined biweekly newsletter to keep the community informed about the latest developments in the Frax ecosystem. The newsletter covers: - Events - Governance updates - New partnerships - Technical advancements This initiative comes as Fraxtal, a key component of the Frax ecosystem, continues to gain traction. To stay updated with the latest Frax alpha: 1. Visit: https://news.frax.com/p/frax-finance-biweekly-project-update-a22 2. Subscribe to the newsletter *Stay informed and engaged with Frax's ongoing progress.*

dTRINITY maintains its position as a leading project on Fraxtal, one of the top 13 Layer 2 solutions with rapid growth. The project's success stems from: - Winning a recent hackathon - Partnerships with prominent DeFi protocols Fraxtal is positioning itself as a 'DeFi nation', inviting developers to contribute to its ecosystem. *Note: This update reiterates previous announcements, indicating ongoing progress rather than new developments.* **Interested in building on Fraxtal?** Reach out to explore opportunities in this growing Layer 2 environment.

Optimism, a layer-2 scaling solution for Ethereum, has announced the opening of applications for Retro Funding 4. This funding round aims to reward the impact of onchain builders within the Optimism ecosystem. A total of 10 million OP tokens, the native cryptocurrency of Optimism, has been allocated for this purpose. Interested builders are encouraged to review the eligibility criteria and submit their applications before the deadline of June 6th, 2023, at 7:00 PM UTC.

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.

The Frax Protocol has announced a new initiative to incentivize Layer 3 (L3) teams to launch their projects on Fraxtal, the protocol's Layer 2 scaling solution. L3 teams that join the Superchain Collective and launch on Fraxtal will be eligible to earn direct rewards in the form of $FXTL and $FXS tokens, as well as additional perks from the OP Superchain. This move aims to attract more projects to the Fraxtal ecosystem and further expand the capabilities of the Frax Protocol.

A detailed analysis has been published exploring the potential outcomes of the $FXTL points airdrop by the Frax Protocol. The analysis delves into multiple scenarios and is being recommended as a highly informative read for those interested in understanding the implications of this airdrop.

Frax, the world's first fractional-algorithmic stablecoin, is set to launch on OKX's new zk-rollup Layer 2 network, XLayer. Frax assets will be available from day one, powering decentralized finance (DeFi) and yield opportunities on the network. This follows recent integrations of Frax on the Metis and Base Layer 2 networks, as the protocol continues its expansion across various Layer 2 ecosystems.

The Frax Protocol, known for introducing the world's first fractional-algorithmic stablecoin, has announced the upcoming FraxtalBuild event scheduled for May. This event promises substantial prizes, investments, and rewards worth millions. Further details are expected to be revealed soon.

The decentralized finance protocol Burrow Finance has facilitated further integration and utility growth for the fractional-algorithmic stablecoin Frax on the NEAR Protocol blockchain. Frax, a pioneering stablecoin partially backed by collateral and partially stabilized through algorithmic mechanisms, continues to gain traction across various blockchain ecosystems.

BuildWithGrove, a prominent entity in the blockchain ecosystem, has announced its support for running and maintaining Fraxtal nodes. This move aims to enhance decentralization, provide additional developer resources, Remote Procedure Calls (RPCs), and infrastructure for the Fraxtal ecosystem. The integration of BuildWithGrove's services is expected to contribute to the growth and development of the Fraxtal network.