Frax Finance (FXS) Launches Mainnet Layer-2 Fraxtal
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Home > News
Published: 06/03/2024
-
Author: Kane
Frax Finance (FXS) Launches Mainnet Layer-2 Fraxtal
After one month of deploying layer-2 for certain specific partners, Frax Finance has opened the mainnet layer-2 Fraxtal to ordinary users.
Azcnews Breaking
The well-known DeFi project on the Ethereum network, Frax Finance (FXS), has just officially launched access to the Fraxtal mainnet layer-2 for all users.
Previously, the platform only allowed certain partner applications such as Safe, Chainlink, Axelar, and LayerZero to “open” the mainnet.
From today, users can easily convert ETH, CRV, sfxETH, and other assets from Ethereum to Fraxtal.
Developed based on the OP Stack toolkit, Fraxtal is a strategic partner layer-2 of the Optimism Superchain, along with many other prominent names like Base, Mode, Aevo, Lyra, and Zora.
Interface Frax Finance
Interface Frax Finance
Fraxtal aims to provide a platform with security levels equivalent to Ethereum, with faster transaction speeds and optimized usage costs. Additionally, the project also aims to develop towards a modular blockchain approach similar to Celestia or Manta Network.
Fraxtal implements the FXTL reward accumulation mechanism for layer-2 activities, including liquidity provision, interaction with smart contracts/dApps, and asset holding.
As previously announced, Frax will snapshot the staking token veFXS activity on the Ethereum mainnet at 23:59 AM on March 6, 2024 (UTC). Valid users will receive FXTL airdrop points that can be converted into tokens in the future.
Additionally, the project introduces an incentive mechanism called Flox, which rewards users based on the gas fees they have spent on the network.
Related: SynFutures Launches V3 on Layer-2 Blast
FXS/USD Chart after the Announcement from Frax Finance
At the time of writing, the FXS token price of Frax Finance has not shown significant reaction following the announcement of the Fraxtal launch earlier. The price is adjusting downward in line with the Bitcoin downtrend this morning.
Chart
FXS/USDT on Tradingview at 09:50 AM on March 6, 2024.
Read Less
#Frax Finance
#FXS
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Home > News
Published: 06/03/2024
-
Author: Kane
Frax Finance (FXS) Launches Mainnet Layer-2 Fraxtal
After one month of deploying layer-2 for certain specific partners, Frax Finance has opened the mainnet layer-2 Fraxtal to ordinary users.
Azcnews Breaking
The well-known DeFi project on the Ethereum network, Frax Finance (FXS), has just officially launched access to the Fraxtal mainnet layer-2 for all users.
Previously, the platform only allowed certain partner applications such as Safe, Chainlink, Axelar, and LayerZero to “open” the mainnet.
From today, users can easily convert ETH, CRV, sfxETH, and other assets from Ethereum to Fraxtal.
Developed based on the OP Stack toolkit, Fraxtal is a strategic partner layer-2 of the Optimism Superchain, along with many other prominent names like Base, Mode, Aevo, Lyra, and Zora.
Interface Frax Finance
Interface Frax Finance
Fraxtal aims to provide a platform with security levels equivalent to Ethereum, with faster transaction speeds and optimized usage costs. Additionally, the project also aims to develop towards a modular blockchain approach similar to Celestia or Manta Network.
Fraxtal implements the FXTL reward accumulation mechanism for layer-2 activities, including liquidity provision, interaction with smart contracts/dApps, and asset holding.
As previously announced, Frax will snapshot the staking token veFXS activity on the Ethereum mainnet at 23:59 AM on March 6, 2024 (UTC). Valid users will receive FXTL airdrop points that can be converted into tokens in the future.
Additionally, the project introduces an incentive mechanism called Flox, which rewards users based on the gas fees they have spent on the network.
Related: SynFutures Launches V3 on Layer-2 Blast
FXS/USD Chart after the Announcement from Frax Finance
At the time of writing, the FXS token price of Frax Finance has not shown significant reaction following the announcement of the Fraxtal launch earlier. The price is adjusting downward in line with the Bitcoin downtrend this morning.
Chart
FXS/USDT on Tradingview at 09:50 AM on March 6, 2024.
Read Less
#Frax Finance
#FXS
0.0/5
Love
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews (2)
News | Editor Choice | NFT 06/03/2024
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Coachella partners with OpenSea to introduce NFT collections for the 2024 festival, offering exclusive access and merchandise.
Azcnews (1)
News | Altcoin | Editor Choice | Policy & Regulations 06/03/2024
Arbitrum DEX Fell Victim to Hacks
The WOOFi exchange running on Arbitrum faced an increase in malicious activities following a recent flash loan exploit.
Azcnews
News | Bitcoin | Editor Choice 06/03/2024
Capital Inflows into Bitcoin ETF Skyrocketed
Bitcoin ETF: BlackRock and Fidelity recorded a staggering $900 million in inflows on March 5, amid market volatility.
Azcnews Breaking
News | Altcoin | Editor Choice 06/03/2024
io.net Successfully Raises $30M in Series A Funding Round
The emerging Depin platform on the Solana ecosystem, io.net, successfully raised $30 million in Series A funding on March 5, 2024.
Azcnews Xrp (1)
News | Altcoin | Editor Choice 06/03/2024
XRP Poised for a Significant Price Surge
XRP is currently experiencing a red phase on the daily chart, which also stands out as the price is leaving a symmetrical triangle pattern.
Top views
1
Memecoins Have Been Leading The Market For Several Days
2
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3
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4
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5
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About AZC.NSkip to content
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ETH Coin ETH
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BNB Coin BNB
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-5.02%
USDC Coin USDC
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ADA Coin ADA
-6.69%
DOGE Coin DOGE
-6.11%
SHIB Coin SHIB
-8.98%
BTC Coin BTC
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ETH Coin ETH
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BNB Coin BNB
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SOL Coin SOL
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XRP Coin XRP
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ADA Coin ADA
-6.69%
DOGE Coin DOGE
-6.11%
SHIB Coin SHIB
-8.98%
Search...
Home > News
Published: 06/03/2024
-
Author: Kane
Frax Finance (FXS) Launches Mainnet Layer-2 Fraxtal
After one month of deploying layer-2 for certain specific partners, Frax Finance has opened the mainnet layer-2 Fraxtal to ordinary users.
Azcnews Breaking
The well-known DeFi project on the Ethereum network, Frax Finance (FXS), has just officially launched access to the Fraxtal mainnet layer-2 for all users.
Previously, the platform only allowed certain partner applications such as Safe, Chainlink, Axelar, and LayerZero to “open” the mainnet.
From today, users can easily convert ETH, CRV, sfxETH, and other assets from Ethereum to Fraxtal.
Developed based on the OP Stack toolkit, Fraxtal is a strategic partner layer-2 of the Optimism Superchain, along with many other prominent names like Base, Mode, Aevo, Lyra, and Zora.
Interface Frax Finance
Interface Frax Finance
Fraxtal aims to provide a platform with security levels equivalent to Ethereum, with faster transaction speeds and optimized usage costs. Additionally, the project also aims to develop towards a modular blockchain approach similar to Celestia or Manta Network.
Fraxtal implements the FXTL reward accumulation mechanism for layer-2 activities, including liquidity provision, interaction with smart contracts/dApps, and asset holding.
As previously announced, Frax will snapshot the staking token veFXS activity on the Ethereum mainnet at 23:59 AM on March 6, 2024 (UTC). Valid users will receive FXTL airdrop points that can be converted into tokens in the future.
Additionally, the project introduces an incentive mechanism called Flox, which rewards users based on the gas fees they have spent on the network.
Related: SynFutures Launches V3 on Layer-2 Blast
FXS/USD Chart after the Announcement from Frax Finance
At the time of writing, the FXS token price of Frax Finance has not shown significant reaction following the announcement of the Fraxtal launch earlier. The price is adjusting downward in line with the Bitcoin downtrend this morning.
Chart
FXS/USDT on Tradingview at 09:50 AM on March 6, 2024.
Read Less
#Frax Finance
#FXS
0.0/5
Love
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews (2)
News | Editor Choice | NFT 06/03/2024
Coachella Partners with Opensea to Launch Exclusive NFTs
Coachella partners with OpenSea to introduce NFT collections for the 2024 festival, offering exclusive access and merchandise.
Azcnews (1)
News | Altcoin | Editor Choice | Policy & Regulations 06/03/2024
Arbitrum DEX Fell Victim to Hacks
The WOOFi exchange running on Arbitrum faced an increase in malicious activities following a recent flash loan exploit.
Azcnews
News | Bitcoin | Editor Choice 06/03/2024
Capital Inflows into Bitcoin ETF Skyrocketed
Bitcoin ETF: BlackRock and Fidelity recorded a staggering $900 million in inflows on March 5, amid market volatility.
Azcnews Breaking
News | Altcoin | Editor Choice 06/03/2024
io.net Successfully Raises $30M in Series A Funding Round
The emerging Depin platform on the Solana ecosystem, io.net, successfully raised $30 million in Series A funding on March 5, 2024.
Azcnews Xrp (1)
News | Altcoin | Editor Choice 06/03/2024
XRP Poised for a Significant Price Surge
XRP is currently experiencing a red phase on the daily chart, which also stands out as the price is leaving a symmetrical triangle pattern.
Top views
1
Memecoins Have Been Leading The Market For Several Days
2
Blast Releases Mainnet, Expected Airdrop Redemption Schedule
3
OKX to List QnA3.AI’s GPT Token on its Spot Market
4
What is Axelar Network? Information about Token AXL?
5
Bitcoin Market Shows Over 20% Gap in Supply and Demand Dynamics
6
SynFutures Launches V3 on Layer-2 Blast
7
Bitcoin Surges to $65,000 as Tether Unleashes 1 Billion USDT
8
Cryptocurrency Exchanges in Korea Surge Amidst Bitcoin Rally
9
What is Portal? Information about PORTAL Token?
10
Taiko Raises an Additional $15 Million in Series A Round
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Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
Copyright 2024 © AZ Coinerews
About Us
Contact Us
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
Copyright 2024 © AZ Coiner
