Frax Finance Sets Ambitious Goal of $100 Billion TVL on Fraxtal

Frax Finance Aims for $100 Billion TVL

Is Frax Finance's "Singularity Roadmap" Ambitious or Achievable?

Frax Finance, a DeFi protocol founded in 2019, has unveiled an ambitious plan to reach $100 billion in total value locked (TVL) on its Layer 2 blockchain, Fraxtal, within the next two years.

A Lofty Goal

According to Frax Finance's "Singularity Roadmap," the protocol aims to achieve this milestone by 2026. However, this target seems audacious considering that its current TVL stands at a modest $13.3 million, as per DeFiLlama data.

Issuing Assets on Fraxtal

To attain this lofty goal, Frax Finance intends to issue all its assets, including Frax Share (FXS), frxETH, frxBTC, Frax Bond (FXB), and Fraxtal Points (FXTL), on Fraxtal first.

Frax Assets as a Synergy

"When Frax assets reach a new ATH supply, so will Fraxtal TVL. This is a unique synergy only possible because of Frax's full stack system," the roadmap states. The protocol believes that Frax assets will permeate every chain, with their base contracts and assets residing on the Fraxtal mainnet.

L3 Expansion

Frax Finance also plans to collaborate with 23 L3s over the next year to foster the "Fraxtal Nation community." The protocol aims to provide these networks with developer access, incentives, and direct investments.

Protocol Fee Switch

The roadmap suggests reactivating the protocol fee switch to boost Frax's revenue and revive the profit-sharing mechanism with FXS stakers.

Frax Shares Utility

Frax Shares (FXS) play a vital role in the Frax Finance ecosystem. They govern the protocol, provide liquidity, and offer staking rewards.

TICKER Presale Scam

Be aware of the TICKER presale scam, which resulted in a $900,000 theft by a French developer. Stay vigilant and conduct thorough research before participating in any presales.