News list for "fxtl"
On July 3rd, Frax Finance, a stablecoin protocol, published a proposal to convert FXTL credits to FXS in its governance forum. The proposal consists of two parts, an initial conversion, and an FXTL conversion to run every year thereafter. 5 million FXS will be used for this purpose, and after the initial conversion of FPIS, its market value will reach 93 million FXS. Thereafter, 1 million FXS unlocks will be designated for FXTL credits conversion every year.
Swell, a liquidity re-staking protocol, said on the X platform that Frax has launched Swell L2. Tokens deposited into the Frax Finance pre-launch will earn 10 million FXTL points in the first month, as well as Swell airdrop rewards at L2 launch, airdrop of Swell L2 project, and 1 million EigenLayer points. Supported Tokens: FRAX (2xFXTL integral); frxETH (2xFXTL points); sFRAX; SfrxETH;
