{"id":161424,"date":"2024-02-08T16:09:10","date_gmt":"2024-02-08T16:09:10","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=161424"},"modified":"2024-02-08T16:11:06","modified_gmt":"2024-02-08T16:11:06","slug":"frax-finance-unleashes-fraxtal-ethereum-layer-2","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/frax-finance-unleashes-fraxtal-ethereum-layer-2\/","title":{"rendered":"Frax Finance Unleashes Fraxtal: The Next Big Thing in Ethereum Layer 2 Networks"},"content":{"rendered":"
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TL;DR<\/span><\/span><\/p>\n

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  • Fraxtal Launched: Layer 2 Network for Ethereum, Promising Scalability in DeFi.<\/span><\/span><\/li>\n
  • Innovation with Flox: Block incentive system to drive adoption and active use.<\/span><\/span><\/li>\n
  • Airdrop and Activation: Great rewards for veFXS holders and official launch of the Flox mechanism.<\/span><\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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    The <\/span><\/span>launch of Fraxtal<\/span><\/span><\/strong>, the Ethereum layer 2 network developed by <\/span><\/span>Frax Finance<\/span><\/span><\/strong>, marks a significant milestone in the <\/span><\/span>decentralized finance <\/span><\/span><\/strong> (DeFi)<\/a> landscape.<\/span><\/span><\/p>\n

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    This event, <\/span><\/span>billed<\/span><\/span><\/a> as <\/span><\/span>\u201cthe most important and consequential launch since the emergence of Frax in 2020,\u201d<\/span><\/span><\/strong> promises to address <\/span><\/span>Ethereum\u2019s scalability challenges<\/span><\/span><\/strong> by offering an innovative and efficient solution.<\/span><\/span><\/p>\n

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    It\u2019s time for the Fraxtal launch thread! The most important & consequential release since the dawn of Frax itself in 2020. Fraxtal testnet & mainnet are here for select launch partners! https:\/\/t.co\/O8o2WbQ1C7<\/a> will be the hub of Fraxtal documentation, L2 bridge UI, & other\u2026 pic.twitter.com\/UEQwbu8TfI<\/a><\/p>\n

    — Frax Finance \u00a4\u26d3\ufe0f\u00a4 (@fraxfinance) February 8, 2024<\/a><\/p><\/blockquote>\n