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SOL $78.81 +0.83%
TRX $0.3305 -0.20%
DOGE $0.0738 +1.58%
ADA $0.1666 -0.83%
BCH $242.95 +1.63%
LINK $7.90 +2.36%
HYPE $68.06 +0.44%
AAVE $94.37 +6.66%
SUI $0.7225 -0.16%
XLM $0.1905 +5.41%
ZEC $500.52 +6.96%

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

2024-03-22 09:11:10
Collection

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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