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ETH $1,667.53 -1.36%
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BCH $205.18 -0.45%
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HYPE $61.74 -0.21%
AAVE $62.13 -3.28%
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XLM $0.1961 -2.83%
ZEC $466.92 +8.37%

Frax founder Sam Kazemian released a roadmap, planning to launch 23 L3s within the next year

2024-03-22 09:11:10
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ChainCatcher news, Frax founder Sam Kazemian released the Frax roadmap on the governance forum, planning to achieve over $100 billion in Fraxtal TVL by the end of 2026; launching 23 officially provided L3s within the next 365 days to kickstart the Fraxtal Nation community, which will receive a large allocation of FXTL; new assets such as frxNEAR, frxTIA, and frxMetis may be launched this year; it is proposed to reopen the protocol fee switch, with 50% of the revenue flowing to veFXS, and the other 50% used to buy back FXS and other Frax assets; it is suggested to reduce the conversion rate from FPIS to veFXS by 67%, to a new rate of 1 FPIS -> 1.33 veFXS, for a period of four years.

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