Fraxtal: A Guide to Frax Finance’s New L2

DeFi Dave is the CoFounder/Cohost of Flywheel DeFi and Core Advocate at Frax Finance. In this episode, we provide a timely guide to Frax Finance's new L2 called Fraxtal. Fraxtal has an upcoming FXTL points airdrop to FXS stakers based on a March 6th snapshot, as well as a continuing weekly program starting March 13th to award stakers, DeFi users, and dApp developers on Fraxtal. Get caught up on the vision behind one of the promising Ethereum L2s, built by the reputable team and community behind Frax stablecoins and Frax DeFi apps. ------ 🔗 Essential Show Links 🔗 ► Youtube: https://youtube.com/@defidad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🚀 FLAT MONEY | NEW FLATCOIN AND DELTA-NEUTRAL MARKETPLACE BACKED BY RETH 🌊 SWELL NETWORK | NATIVE LIQUID RESTAKING WITH RSWETH 🦊 METAMASK PORTFOLIO | TRACK AND MANAGE YOUR WEB3 EVERYTHING 💧 INSTADAPP | NEW LENDING AND BORROWING VAULTS WITH FLUID 🧑‍🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS 🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS 🟣 MAVERICK PROTOCOL | DEFI INFRA MADE TO CUSTOMIZE, AUTOMATE & INCENTIIZE LIQUIDITY ------ Timestamps 0:00 - Intro 5:14 - Background on Flywheel DeFi 15:30 - What is Fraxtal? 19:35 - What are FXTL points? 21:17 - FXS staker snapshot 22:19 - cvxFXS stakers 22:42 - How to stake FXS 23:57 - Airdrops to FXS stakers 26:10 - Maverick mid-roll 27:20 - Gas token for Fraxtal 28:30 - Projects built on Fraxtal 30:03 - Weekly epochs post-snapshot 31:10 - Value accrual to FXS on Fraxtal 34:10 - Fee passthrough with 100% CR 34:53 - End game for Fraxtal 35:53 - Closing ------ 🔗 Guest Links 🔗 ► Flywheel DeFi website: https://flywheeldefi.com/ ► Flywheel pod on Fraxtal with Sam Kazemian: https://youtu.be/-JSxpwAMPM0?si=UQ6LHgtPB2UzUHXK ► Fraxtal website: https://www.frax.com/ ► Frax Finance: https://frax.finance/ ► cvxFXS Staking: https://frax.convexfinance.com/stake ► veFXS Staking: https://app.frax.finance/vefxs ► Frax on Twitter: https://twitter.com/fraxfinance ► Flywheel DeFi on Twitter: https://twitter.com/flywheeldefi ► DeFi Dave on Twitter: https://twitter.com/defidave22 ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Since recording the podcast, DeFi Dad bought and staked cvxFXS prior to the March 6th snapshot. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.