{"id":10555,"date":"2024-02-09T10:20:00","date_gmt":"2024-02-09T08:20:00","guid":{"rendered":"https:\/\/forklog.com\/en\/frax-finance-launches-fraxtal-l2-blockchain\/"},"modified":"2024-02-09T10:20:00","modified_gmt":"2024-02-09T08:20:00","slug":"frax-finance-launches-fraxtal-l2-blockchain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/frax-finance-launches-fraxtal-l2-blockchain\/","title":{"rendered":"Frax Finance Launches Fraxtal L2 Blockchain"},"content":{"rendered":"<p>The DeFi project Frax Finance has activated its own Ethereum-based Layer 2 network. Initially, Fraxtal is available to a limited number of &#8220;launch partners.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s time for the Fraxtal launch thread! The most important &#038; consequential release since the dawn of Frax itself in 2020. Fraxtal testnet &#038; mainnet are here for select launch partners! <a href=\"https:\/\/t.co\/O8o2WbQ1C7\">https:\/\/t.co\/O8o2WbQ1C7<\/a> will be the hub of Fraxtal documentation, L2 bridge UI, &#038; other\u2026 <a href=\"https:\/\/t.co\/UEQwbu8TfI\">pic.twitter.com\/UEQwbu8TfI<\/a><\/p>\n<p>\u2014 Frax Finance \u00a4\u26d3\ufe0f\u00a4 (@fraxfinance) <a href=\"https:\/\/twitter.com\/fraxfinance\/status\/1755386501926433087?ref_src=twsrc%5Etfw\">February 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The EVM-compatible protocol operates on Rollups technology and is built using the OP Stack. Fraxtal will become part of the Superchain Optimism ecosystem alongside Coinbase&#8217;s Base.<\/p>\n<p>Initially, the blockchain supports key infrastructure solutions like Etherscan, as well as applications from major launch partners, including Safe, Chainlink oracles, and cross-chain bridges from Axelar and LayerZero.<\/p>\n<p>Broader access to the network is expected to open in the &#8220;next few days.&#8221; Fraxtal will function as a platform for <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span> focused on DeFi.<\/p>\n<p>Frax Finance is the issuer of decentralized stablecoins Frax (FRAX) and Frax Ether (FRAXETH). The project is governed through Frax Shares (FXS) tokens.<\/p>\n<p>On March 6, the team will take a snapshot of FXS staked for voting to allocate Fraxtal loyalty points (FXTL). These will later reward creators and users of certain applications.<\/p>\n<p>The developers have not specified whether FXTL will eventually be converted into actual tokens.<\/p>\n<p>Back in July 2023, Frax Finance founder Sam Kazemian announced the launch of the L2 blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi project Frax Finance has activated its own Ethereum-based Layer 2 network. Initially, Fraxtal is available to a limited number of &#8220;launch partners.&#8221; It\u2019s time for the Fraxtal launch thread! The most important &#038; consequential release since the dawn of Frax itself in 2020. Fraxtal testnet &#038; mainnet are here for select launch partners! [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,46,1179],"class_list":["post-10555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-ethereum","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"58","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10555"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10554"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}