Frax Finance Targets $100B Value Locked in Singularity Roadmap
Summary
Frax Finance, a decentralized finance (DeFi) protocol, has released a roadmap aiming to increase the total dollar value of crypto assets locked in its layer 2 blockchain, Fraxtal, to $100 billion by 2026. The roadmap includes launching 23 layer 3s within a year and introducing new assets such as frxNEAR, frxTIA, and frxMETIS. The founder, Sam Kazemian, has proposed reviving a mechanism to share protocol revenue with token stakers. The plan also outlines how new tokenomics will fully collateralize Frax’s stablecoin FRAX and boost yields on staked FRAX (sFRAX). As of now, the total value locked in Fraxtal is $13.2 million.
