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Frax Finance plans to launch its Layer 2 blockchain, Fraxtal, in early February.

2024.01.18 - 06:13

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TechFlow news — Sam Kazemian, founder and CEO of Frax Finance, said the team plans to launch its Layer 2 blockchain Fraxtal in early February, with support from Etherscan. Fraxtal will utilize Rollups technology to address Ethereum network congestion.

The new product Fraxtal will expand Frax's product suite, which includes FRAX, a lending platform, an automated market maker, the inflation-indexed stablecoin FPI, and the liquid staking token frxETH. Decentralized exchange Curve has proposed deploying its trading functionality on Fraxtal.

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