Frax Finance plans to launch its Layer 2 blockchain, Fraxtal, in early February
Frax Finance founder and CEO Sam Kazemian announced plans to launch its Layer 2 blockchain, Fraxtal, in early February, with support from Etherscan. Fraxtal will use Rollups technology to address congestion issues on the Ethereum network.
The new product, Fraxtal, will enrich Frax's product portfolio, including FRAX, lending platforms, automated market makers (AMMs), inflation-pegged stablecoin FPI and liquidity staking token frxETH. Decentralized DEX Curve has proposed deploying its trading functions on Fraxtal.
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