Frax founders unveiled Frax's roadmap for the future, with plans to launch 23 official L3s in the coming year to kickstart the Fraxtal Nation community
PANews reported on March 22 that Frax founder Sam Kazemian released Frax's future roadmap at the governance forum, including the goal of achieving more than $100 billion in Fraxtal TVL by the end of 2026. Over the next 365 days, 23 official L3s are planned to launch the Fraxtal Nation community and make a massive allocation of FXTL. In addition, new assets such as frxNEAR, frxTIA and frxMetis may be launched this year. Kazemian also proposes to re-turn on the protocol fee switch to channel 50% of the proceeds to veFXS and another 50% to buy back FXS and other Frax assets, and proposes to reduce the FPIS to veFXS conversion rate by 67% to a new conversion rate of 1 FPIS -> 1.33 veFXS for a four-year term.
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Frax founders unveiled Frax's roadmap for the future, with plans to launch 23 official L3s in the coming year to kickstart the Fraxtal Nation community
PANews reported on March 22 that Frax founder Sam Kazemian released Frax's future roadmap at the governance forum, including the goal of achieving more than $100 billion in Fraxtal TVL by the end of 2026. Over the next 365 days, 23 official L3s are planned to launch the Fraxtal Nation community and make a massive allocation of FXTL. In addition, new assets such as frxNEAR, frxTIA and frxMetis may be launched this year. Kazemian also proposes to re-turn on the protocol fee switch to channel 50% of the proceeds to veFXS and another 50% to buy back FXS and other Frax assets, and proposes to reduce the FPIS to veFXS conversion rate by 67% to a new conversion rate of 1 FPIS -> 1.33 veFXS for a four-year term.