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https://warpcast.com/~/channel/frax
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Flywheel DeFi
@flywheel
Fraxtal Has Officially Launched 🚀 We finally got a full look at the docs for the upcoming full launch of @fraxfinance's modular L2, Fraxtal. There's lots unpack, so we've gone through all the information to break it down 🤝 Here's What You Need To Know 👀
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Flywheel DeFi
@flywheel
What is Fraxtal 🧐 Fraxtal is an EVM equivalent modular rollup using the OP stack as its smart contract & execution environment. Its consensus, settlement, execution & DA are broken into separate modules ⚙️ Enabling scalability, future innovation & flexibility 🦾
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Flywheel DeFi
@flywheel
1/ Gas, frxETH + Monetary Premium Fraxtal uses Frax's LST frxETH as its gas token, It is the first of its kind to have this vertically integrated setup and completes the demand flywheel Users can choose to either earn staking rewards, provide liquidity or pay gas on Fraxtal
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Flywheel DeFi
@flywheel
2/ Gas, frxETH + Monetary Premium The more demand there is for the latter, the smaller the pool of sfrxETH stakers & the higher the yield, possibly 2-3x that of stETH/rETH Users will need to buy, bridge & hold frxETH on Fraxtal leading to an organic monetary premium for the LSD
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Flywheel DeFi
@flywheel
Blockspace Incentives (FLOX) FLOX is a novel incentive structure for Fraxtal that rewards users, developers & applications for spending gas & interacting w/ smart contracts on the network 💰 Every other network, the biggest apps & power users earn zero revenue for spending gas
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Flywheel DeFi
@flywheel
2/ Blockspace Incentives (FLOX) The FLOX algorithm tracks & rewards both sides of a transaction, the gas payers & spenders It does this by "calculating a transaction trace of gas used by contracts & applying a second algorithm to rank contract importance and additional criteria
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Flywheel DeFi
@flywheel
The goal with Blockspace incentives is to reward users & contracts w/ more than $1 worth of rewards for every equivalent dollar of gas spent ⛽️ Frax does this by assigning FXTL points through its Fraxtal Point System. These points accumulate on a 7 day period (1 epoch)
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