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ETH $1,670.10 +0.21%
BNB $598.07 -0.13%
XRP $1.14 +0.73%
SOL $66.09 -0.06%
TRX $0.3207 -1.66%
DOGE $0.0853 -0.24%
ADA $0.1671 +1.91%
BCH $206.50 -0.10%
LINK $7.85 -0.49%
HYPE $62.08 +0.71%
AAVE $61.99 -1.81%
SUI $0.7452 -0.67%
XLM $0.1970 -1.87%
ZEC $472.79 +10.41%

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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