Frax Finance embarks on a transformative journey with its singularity roadmap, targeting a $100 billion Total Value Locked (TVL) by 2026 through strategic layer 3 protocol launches and innovative asset expansion.
Frax Finance is charting a course for unprecedented growth, aiming to boost its Total Value Locked (TVL) to a staggering $100 billion by 2026. The DeFi pioneer has rolled out a singularity roadmap, marking a pivotal evolution in decentralized finance.
Currently, Fraxtal, Frax’s layer 2 blockchain, boasts a TVL of $13.2 million, laying a robust foundation for the protocol’s ambitious expansion plans. The roadmap includes the launch of 23 layer 3 protocols within a year, a move set to revolutionize the ecosystem with highly adaptable and interoperable networks for decentralized applications.
The expansion strategy also introduces new assets such as frxNEAR, frxTIA, and frxMETIS to the Fraxtal platform, broadening the ecosystem’s horizons and meeting the diverse needs of its user base. This strategic diversification is a testament to Fraxtal’s commitment to driving value and innovation within the DeFi sector.
In line with these growth initiatives, a proposal to activate the protocol fee switch has been presented, aiming to allocate half of the yield to veFXS, the governance token of Frax, with the remainder used to enhance FXS liquidity and asset acquisition.
This strategic financial engineering is designed to incentivize participation and solidify the platform’s stability.
Moreover, the introduction of new tokenomics will ensure full collateralization of FRAX, the ecosystem’s stablecoin, and elevate yields for staked FRAX (sFRAX), enhancing their utility and value for users.
These strategic moves position Frax Finance as a trailblazer in the DeFi space, fostering innovation and value creation for its community and the broader DeFi landscape.