🚀 Frax launches second-tier network – Fraxtal
Another network based on OP Stack has been launched. We are already tired of counting how many there are, but there are definitely more than 10 already)

At the moment, the Fraxtal network is launched in a limited mode and is available only to Frax partners: Safe multi-signature, Chainlink oracles, as well as Axelar and LayerZero bridges.

And ordinary users will have access to it in the coming days. The network will operate as a DeFi-focused platform for decentralized applications.

Frax is currently one of the largest financial ecosystems in crypto, so it is not surprising that they are expanding their ecosystem and want to cover all the main trends.

They already have:
• Your own stablecoin FRAX
• Your own liquid staking token ftxETH
• Own DeFi tools for farming
• Own RWA tools, such as the FPI index
• Own decentralized exchange Fraxswap
• Own landing platform Fraxlend
• Your own Fraxferry bridge
• Multiple FXS and FPIS governance tokens

And now Fraxtal’s own L2 network will be added to this list, on which all these tools will be combined.

The Fraxtal network will also have a native incentive system that rewards users with FXTL points for using various applications in the Frax ecosystem. And the developers will receive rewards from the Optimism Foundation as part of the RetroPG campaign. All this gives the Fraxtal network an advantage over its competitors, who take all the profits for themselves.

💼 Today we are purchasing FXS – Frax Finance management tokens – for the experimental portfolio.

Channel about Drops | Briefcase | Exchanger
🚀 Frax launches second-tier network – Fraxtal Another network based on OP Stack has been launched. We are already tired of counting how many there are, but there are definitely more than 10 already)

At the moment, the Fraxtal network is launched in a limited mode and is available only to Frax partners: Safe multi-signature, Chainlink oracles, as well as Axelar and LayerZero bridges.

And ordinary users will have access to it in the coming days. The network will operate as a DeFi-focused platform for decentralized applications.

Frax is currently one of the largest financial ecosystems in crypto, so it is not surprising that they are expanding their ecosystem and want to cover all the main trends.

They already have:
• Your own stablecoin FRAX
• Your own liquid staking token ftxETH
• Own DeFi tools for farming
• Own RWA tools, such as the FPI index
• Own decentralized exchange Fraxswap
• Own landing platform Fraxlend
• Your own Fraxferry bridge
• Multiple FXS and FPIS governance tokens

And now Fraxtal’s own L2 network will be added to this list, on which all these tools will be combined.

The Fraxtal network will also have a native incentive system that rewards users with FXTL points for using various applications in the Frax ecosystem. And the developers will receive rewards from the Optimism Foundation as part of the RetroPG campaign. All this gives the Fraxtal network an advantage over its competitors, who take all the profits for themselves.

💼 Today we are purchasing FXS – Frax Finance management tokens – for the experimental portfolio.

Channel about Drops | Briefcase | Exchanger