Frax Finance 公佈雄心勃勃的路線圖，以 1000 億美元的 TVL 目標奪取 DeFi 主導地位

Frax Finance 公佈了其奇點路線圖，旨在到2026 年底將其第2 層區塊鏈Fraxtal 的鎖定總價值(TVL) 增加到1000 億美元。據報道，隨著Fraxtal 的推出和100% 抵押率，該協議已經產生了超過 4500 萬美元，並計劃在一年內建立 23 個 Layer 3 以促進社區發展。該提案還包括對 veFXS 代幣持有者的激勵以及重新激活協議費用轉換以進一步支持生態系統。

Can Frax Finance's Singularity Roadmap Solidify Its DeFi Dominance?

Frax Finance 的奇點路線圖能否鞏固其 DeFi 主導地位？

Frax Finance, a leading decentralized finance (DeFi) protocol, has unveiled an ambitious roadmap dubbed the "Singularity Roadmap," aiming to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to a staggering $100 billion by the end of 2026. This audacious goal represents a whopping 760,000% increase from the current TVL of a mere $13 million.

領先的去中心化金融(DeFi) 協議Frax Finance 公佈了一項雄心勃勃的路線圖，稱為“奇點路線圖”，旨在推動其第2 層區塊鏈Fraxtal 的總鎖定價值(TVL) 到年底達到驚人的1000 億美元到 2026 年。這個大膽的目標比目前區區 1,300 萬美元的 TVL 增加了 760,000%。

Fraxtal: The Foundation of Frax Finance's Singularity

Fraxtal：Frax Finance 奇點的基礎

Frax Finance describes Fraxtal, the substrate that powers its ecosystem, as the "operating system" of the protocol. With the launch of Fraxtal and the achievement of an effective 100% Collateralization Ratio (CR), Frax Finance claims to have solidified its core product offerings.

Frax Finance 將為其生態系統提供動力的底層 Fraxtal 描述為協議的「作業系統」。隨著 Fraxtal 的推出以及有效 100% 抵押率 (CR) 的實現，Frax Finance 聲稱已經鞏固了其核心產品供應。

The Path to $100 Billion TVL: A Multifaceted Approach

實現 1000 億美元 TVL 的途徑：多方面的方法

To reach its ambitious $100 billion TVL target, Frax Finance has outlined a comprehensive roadmap:

為了實現 1000 億美元 TVL 的宏偉目標，Frax Finance 制定了全面的路線圖：

• 100% Collateralization Ratio: The protocol has already achieved this milestone, generating over $45 million in the process.
• "Transformative Change" for FRAX and FXS: With 100% CR achieved, the previously dormant FRAX stablecoin and the temporarily reduced FXS revenue share can now undergo a revival.
• Fraxtal's Evolution to Layer 3s (L3s): The upcoming introduction of L3s on Fraxtal is expected to be a key catalyst for further growth and adoption of the protocol.

Frax Finance's Competitive Advantage: Owning the Entire Stack

100% 抵押率：該協議已經實現了這一里程碑，在此過程中產生了超過4500 萬美元的收益。FRAX 和FXS 的「變革」：隨著100% CR 的實現，之前休眠的FRAX 穩定幣和暫時減少的FXS 收入份額現在可以Fraxtal 向第 3 層 (L3s) 的演進：Fraxtal 即將推出的 L3 預計將成為該協議進一步發展和採用的關鍵催化劑。Frax Finance 的競爭優勢：擁有整個堆疊

Frax Finance highlights its ownership of the entire technology stack as a key differentiator. This enables the introduction of advanced features such as account abstraction, new precompiles, privacy enhancements, aggregated dApps, and interoperability with Superchain. These features aim to enhance the on-chain experience, making Fraxtal the preferred platform for cryptoasset management.

Frax Finance 強調其對整個技術堆疊的所有權是一個關鍵的差異化因素。這使得引入高級功能成為可能，例如帳戶抽象化、新的預編譯、隱私增強、聚合 dApp 以及與超級鏈的互通性。這些功能旨在增強鏈上體驗，使 Fraxtal 成為加密資產管理的首選平台。

Expansion Strategy: Building the "Fraxtal Nation"

擴張策略：建設“Fraxtal Nation”

Frax Finance plans to establish 23 Layer 3 chains within the next year, forming the "Fraxtal Nation" community. These 23 chains will receive support through developer access, incentives, and investment. The protocol believes this approach will foster a positive-sum environment while providing additional support to official partners.

Frax Finance計劃在明年內建立23條三層鏈，形成「Fraxtal Nation」社區。這 23 家連鎖店將透過開發者准入、激勵和投資獲得支援。協議認為，這種方法將創造正和環境，同時為官方合作夥伴提供額外支持。

Rewarding Stakeholders: Revenue Sharing and veFXS Empowerment

獎勵利害關係人：收入共享和 veFXS 賦權

Frax Finance founder Sam Kazemian intends to allocate 50% of the revenue from protocol fees to veFXS token holders. The remaining 50% will be used to acquire FXS and other Frax assets for pairing in the FXS Liquidity Engine (FLE). This move aims to increase liquidity, strengthen the Frax balance sheet, and incentivize protocol stakeholders.

Frax Finance 創辦人 Sam Kazemian 打算將協議費用收入的 50% 分配給 veFXS 代幣持有者。剩餘的 50% 將用於收購 FXS 和其他 Frax 資產，以便在 FXS 流動性引擎（FLE）中進行配對。此舉旨在增加流動性、強化 Frax 資產負債表並激勵協議利益相關者。

Reviving Protocol Fees: Fueling veFXS Holders

恢復協議費用：為 veFXS 持有者提供動力

Frax Finance also plans to reactivate the protocol fee switch, which was temporarily turned off during the consolidation phase. This will direct a portion of the yield generated from protocol fees towards veFXS token holders. VeFXS, or veiled FXS, represents a locked version of the native token, FXS, and offers enhanced voting power and participation in the Frax ecosystem.

Frax Finance 還計劃重新啟動在整合階段暫時關閉的協議費用開關。這將把協議費用產生的部分收益直接流向 veFXS 代幣持有者。 VeFXS 或隱藏的 FXS 代表原生代幣 FXS 的鎖定版本，並提供增強的投票權和對 Frax 生態系統的參與。

Market Response: A Mixed Reaction

市場反應：反應不一

As of the time of writing, the market reaction to the Singularity Roadmap has been mixed. FXS, the native token of Frax Finance, has not responded favorably to the news, with its current trading price of $6.93 reflecting a 3.5% loss in the past 24 hours. It is important to note that the proposed protocol features are still in development, and the impact on the Frax Finance ecosystem and the token's performance remains to be seen.

截至撰寫本文時，市場對奇點路線圖的反應不一。 Frax Finance 的原生代幣 FXS 對此消息反應不佳，目前交易價格為 6.93 美元，過去 24 小時內下跌了 3.5%。值得注意的是，擬議的協議功能仍在開發中，對 Frax Finance 生態系統和代幣性能的影響仍有待觀察。