Flywheel DeFi

@flywheel

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223 Followers

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Want to learn more about Frax joining the Superchain? Collect Flywheel's first ever @pods with @samkazemian now on OP Mainnet! 🙌 https://pods.media/frames/flywheel/everything-you-need-to-know-about-fraxtal-w-frax-founder-sam-kazemian-flywheel-91

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Subscribe To Our Newsletter For All The News On This Week In Frax 🗞️ https://flywheeldefi.com/

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Earn 20% More in Kelp Miles (along w/ Eigen Points) Using Our Special Link 🧜‍♂️ https://kelpdao.xyz/?utm_source=flywheeldefi

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Speaking of earning ARB 💰 Dive into this weeks Top Yields for Frax on @arbitrum Pt.5 & take a look at our spreadsheet for all your farming needs 🌾 https://twitter.com/FlywheelDeFi/status/1754614571539775920?s=20

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Frax /Flywheel & Jokerace ARB STIP Awareness Contest is in full force 🏎️ Earn some ARB by submitting your best tweets/threads & content about Frax's STIP incentive program! Learn how to participate here 👇 https://twitter.com/FlywheelDeFi/status/1756033155709259855?s=20

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.@samkazemian To Headline StableSummit In Denver 🏔️ https://twitter.com/stable_summit/status/1754852441252835376?s=20

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Join Flywheel & Frax @EthereumDenver 🦬 Join us for a special occasion on March 1st as we celebrate the launch of Frax's pioneering rollup with drinks, & exclusive Frax panel ⛓️ PLUS a surprise performance that honours Denver's deep bass music culture 👀 https://lu.ma/fraxtal

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Catch Up On Our Interview w/ Seraphim- Flywheel #90 https://twitter.com/FlywheelDeFi/status/1755338868444815772?s=20

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AlphaBytes #4: QiDAO Announces Fraxtal Deployment 🫡 https://twitter.com/FlywheelDeFi/status/1756041954389885193?s=20

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Asymmetry Launches afETH 💠 afETH is a hybrid LST composed of 70% sfrxETH & 30% @ConvexFinance's vlCVX 🤝 https://twitter.com/asymmetryfin/status/1755021485448786152?s=20

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Catch Up On Our Fraxtal Launch Party (Docs Day) Spaces Here 🚀 https://twitter.com/FlywheelDeFi/status/1755382874189037626?s=20

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Fraxtal Launches! New Docs! New Website! We broke down how all the new incentive structures should work & what you should expect for the upcoming public release ⛓️ The network is open to select launch partners. In a couple of days it will go fully live. Read more Here 👇 https://warpcast.com/flywheel/0x5f2c4f05

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THIS WEEK IN FRAX - Feb 9th, 2024 Fraxtal Officially Launches, New Docs, New Frax Website, Flywheel & Frax @EthereumDenver, Fraxtal launch partners, @jokerace_io contest, Juicy Frax yields + More 👀 Let's Get Right Into It ⛓️

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Read More About Fraxtal & Learn How To Connect To Fraxtal Here ⚙️ https://flywheeldefi.com/article/fraxtal

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New veFXS Contract Support for Fraxtal W/ Fraxtal, a new contract called veFXSCounter now creates a new global state of veFXS between the two chains ⛓️ This allows users to stake FXS on Fraxtal & also tracks the unlock date and balances of the Ethereum mainnet contract 📊

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FXTL points will be tokenized within 12 months of launch. Whether this is as its own separate token or convertible to veFXS is unclear. The Frax DAO will have to vote on this decision in the future once the program has run for several months and sufficient data is collected

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In the future, FXTL points will be tokenized &/or convert to veFXS By rolling out points w/ a fixed vesting period, Frax can give more than $1 worth of rewards back. The lock-in period will offset any Sybil attacks caused by farmers insta-dumping their rewards

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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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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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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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