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ETH $2,121.86 +0.14%
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XRP $1.38 -1.12%
SOL $84.72 -0.33%
TRX $0.3561 +0.20%
DOGE $0.1040 -2.75%
ADA $0.2505 -0.58%
BCH $378.49 -1.81%
LINK $9.64 +0.88%
HYPE $47.30 +3.49%
AAVE $88.78 -0.14%
SUI $1.05 +0.23%
XLM $0.1462 -2.24%
ZEC $564.20 +5.45%

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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