Frax Finance founder Sam Kazemian released Frax’s future roadmap at the Governance Forum, which includes a goal of achieving Fraxtal TVL of over $100 billion by the end of 2026. In the future, all Frax assets including FRAX, sFRAX, frxETH (and new Frax assets) will be issued on Fraxtal first.
Over the next 365 days, Frax plans to launch 23 official L3s to launch the Fraxtal Nation community. Not only can L3 chains earn FXTL points through Flox, but 23 L3 chain slots are reserved for official partners, who will receive additional support from Fraxtal core developers and be allocated large amounts of FXTL. Additionally, Frax may launch new assets this year such as frxNEAR, frxTIA, and frxMetis.
Kazemian also proposed to reopen the protocol fee switch, with 50% of the proceeds flowing to veFXS, and the other 50% being used to repurchase FXS and other Frax assets; he also proposed to reduce the conversion rate from FPIS to veFXS by 67%, with the new conversion rate of 1 FPIS -> 1.33 veFXS, lock-up period is four years.