Fraxtal: A Guide to Frax Finance’s New L2

DeFi Dave is the CoFounder/Cohost of Flywheel DeFi and Core Advocate at Frax Finance.

In this episode, we provide a timely guide to Frax Finance's new L2 called Fraxtal. Fraxtal has an upcoming FXTL points airdrop to FXS stakers based on a March 6th snapshot, as well as a continuing weekly program starting March 13th to award stakers, DeFi users, and dApp developers on Fraxtal. Get caught up on the vision behind one of the promising Ethereum L2s, built by the reputable team and community behind Frax stablecoins and Frax DeFi apps.

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🔗 Essential Show Links 🔗

► Youtube: https://youtube.com/@defidad
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► Follow DeFi Dad: https://twitter.com/DeFi_Dad
► Follow Nomatic: https://twitter.com/Nomaticcap
► Learn about DeFi and Web3: http://defidad.com/

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Timestamps

0:00 - Intro
5:14 - Background on Flywheel DeFi
15:30 - What is Fraxtal?
19:35 - What are FXTL points?
21:17 - FXS staker snapshot
22:19 - cvxFXS stakers
22:42 - How to stake FXS
23:57 - Airdrops to FXS stakers
26:10 - Maverick mid-roll
27:20 - Gas token for Fraxtal
28:30 - Projects built on Fraxtal
30:03 - Weekly epochs post-snapshot
31:10 - Value accrual to FXS on Fraxtal
34:10 - Fee passthrough with 100% CR
34:53 - End game for Fraxtal
35:53 - Closing

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🔗 Guest Links 🔗

► Flywheel DeFi website: https://flywheeldefi.com/
► Flywheel pod on Fraxtal with Sam Kazemian: https://youtu.be/-JSxpwAMPM0?si=UQ6LHgtPB2UzUHXK
► Fraxtal website: https://www.frax.com/
► Frax Finance: https://frax.finance/
► cvxFXS Staking: https://frax.convexfinance.com/stake
► veFXS Staking: https://app.frax.finance/vefxs
► Frax on Twitter: https://twitter.com/fraxfinance
► Flywheel DeFi on Twitter: https://twitter.com/flywheeldefi
► DeFi Dave on Twitter: https://twitter.com/defidave22

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If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Since recording the podcast, DeFi Dad bought and staked cvxFXS prior to the March 6th snapshot. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.