The Frax Finance team shared the first part of the project roadmap
The Frax DeFi protocol team has published the first part of its roadmap. The developers expect that by 2026 the total value of the blocked funds (TVL) of the project will reach $100 billion. In addition, the platform will also launch 23 third-level solutions (L3).
During this year, 23 third-level protocols will appear in the Frax L2 network — Fraxtal. In another way, these protocols are called fractals by developers. They are designed for decentralized applications (dApps), which will now have highly configurable and compatible networks built on top of second-tier solutions.
In addition, according to the roadmap, several new assets will appear at once: frxNEAR, frxTIA and frxMETIS. Along with the already existing tokens — FRAX, sFRAX, frxETH — they will be issued in the Fraxtal blockchain.
The authors of the roadmap also called for the return of the commission separation mechanism. One half of the revenue will go to veFXS tokens, which users receive when blocking FXS in staking. The remaining funds will be spent on maintaining liquidity in FXS and other Frax assets.
The developers expect that changes in the Frax tokenomics will lead to 100% support for the FRAX stablecoin. It is currently one of the ten largest "stable" coins on the market.
The protocol developers also want to increase the profitability of sFRAX and sfrxETH staking. They plan to achieve this by implementing restaking support through EigenLayer.
