Frax Finance 公布雄心勃勃的路线图，以 1000 亿美元的 TVL 目标夺取 DeFi 主导地位

Frax Finance 公布了其奇点路线图，旨在到 2026 年底将其第 2 层区块链 Fraxtal 的锁定总价值 (TVL) 增加到 1000 亿美元。据报道，随着 Fraxtal 的推出和 100% 抵押率，该协议已经产生了超过 4500 万美元，并计划在一年内建立 23 个 Layer 3 以促进社区发展。该提案还包括对 veFXS 代币持有者的激励以及重新激活协议费用转换以进一步支持生态系统。

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

Frax Finance 的奇点路线图能否巩固其 DeFi 主导地位？

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.

领先的去中心化金融 (DeFi) 协议 Frax Finance 公布了一项雄心勃勃的路线图，称为“奇点路线图”，旨在推动其第 2 层区块链 Fraxtal 的总锁定价值 (TVL) 到年底达到惊人的 1000 亿美元到 2026 年。这个大胆的目标比目前区区 1,300 万美元的 TVL 增加了 760,000%。

Fraxtal: The Foundation of Frax Finance's Singularity

Fraxtal：Frax Finance 奇点的基础

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 将为其生态系统提供动力的底层 Fraxtal 描述为协议的“操作系统”。随着 Fraxtal 的推出以及有效 100% 抵押率 (CR) 的实现，Frax Finance 声称已经巩固了其核心产品供应。

The Path to $100 Billion TVL: A Multifaceted Approach

实现 1000 亿美元 TVL 的途径：多方面的方法

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

为了实现 1000 亿美元 TVL 的宏伟目标，Frax Finance 制定了全面的路线图：

• 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：该协议已经实现了这一里程碑，在此过程中产生了超过 4500 万美元的收益。 FRAX 和 FXS 的“变革”：随着 100% CR 的实现，之前休眠的 FRAX 稳定币和暂时减少的 FXS 收入份额现在可以Fraxtal 向第 3 层 (L3s) 的演进：Fraxtal 即将推出的 L3 预计将成为该协议进一步发展和采用的关键催化剂。Frax Finance 的竞争优势：拥有整个堆栈

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 强调其对整个技术堆栈的所有权是一个关键的差异化因素。这使得引入高级功能成为可能，例如帐户抽象、新的预编译、隐私增强、聚合 dApp 以及与超级链的互操作性。这些功能旨在增强链上体验，使 Fraxtal 成为加密资产管理的首选平台。

Expansion Strategy: Building the "Fraxtal Nation"

扩张战略：建设“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计划明年内建立23条三层链，形成“Fraxtal Nation”社区。这 23 家连锁店将通过开发者准入、激励和投资获得支持。该协议认为，这种方法将营造正和环境，同时为官方合作伙伴提供额外支持。

Rewarding Stakeholders: Revenue Sharing and veFXS Empowerment

奖励利益相关者：收入共享和 veFXS 赋权

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 创始人 Sam Kazemian 打算将协议费用收入的 50% 分配给 veFXS 代币持有者。剩余的 50% 将用于收购 FXS 和其他 Frax 资产，以便在 FXS 流动性引擎（FLE）中进行配对。此举旨在增加流动性、强化 Frax 资产负债表并激励协议利益相关者。

Reviving Protocol Fees: Fueling veFXS Holders

恢复协议费用：为 veFXS 持有者提供动力

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 还计划重新激活在整合阶段暂时关闭的协议费用开关。这将把协议费用产生的部分收益直接流向 veFXS 代币持有者。 VeFXS 或隐藏的 FXS 代表原生代币 FXS 的锁定版本，并提供增强的投票权和对 Frax 生态系统的参与。

Market Response: A Mixed Reaction

市场反应：反应不一

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.

截至撰写本文时，市场对奇点路线图的反应不一。 Frax Finance 的原生代币 FXS 对此消息反应不佳，目前交易价格为 6.93 美元，过去 24 小时内下跌了 3.5%。值得注意的是，拟议的协议功能仍在开发中，对 Frax Finance 生态系统和代币性能的影响仍有待观察。