Here we are, one week after the much anticipated announcement of Fraxtal, Frax’s new L2 Superchain. We already know a lot about it and much has been written about its specs. So, I am not going to bore you with more details about what the chain is, I am going to dig a bit deeper into the chain, into the DA layer. I am not an expert in blockchain mechanics but I understand enough to give you the juicy alpha!
Ok so first what is a DA layer? Or Data Availability layer. Well, it’s the part of the block chain where the raw data is stored. And what is unique about Fraxtal’s DA layer is that it is interoperable with ANY blockchain. This basically means that Solana, Cosmos, Polkadot, hell, probably even Cardano can WRITE transactions to Fraxtal or commit to the chain. This is a huge deal as it would be the first Eth L2 that can interact with any other blockchain this way. Picture, Optimism with the ability to natively connect to Solana for example. That’s what Fraxtal is.
You are probably saying to yourself, ahhh what's the big deal? We already knew that! That’s last weeks news. Well, you’re probably right, but what I was not 100% sure of is how incentives would work for this type of external usage of the DA layer. We all know by now that Fraxtal incentivizes its own usage by issuing FLOX point (Think FLUX Capacitor from Back to the Future) these points can then be redeemed for veFXS. What I was not clear about, but I am 100% sure about now is that any chain that writes to Fraxtal’s DA layer will earn these points! So, imagine Solana, Cosmos, or Polkadot connecting to Fraxtal, they earn these points! And in turn lock up a ton of FXS. The more chains that adopt Fraxtal the more points issued, the more FXS locked up. You see, I thought it was limited to just the applications on Fraxtal that would get these points, such as Curve or AAVE. Now we know that’s not the case. It’s far bigger than that.
This opens up a whole new world where other chains will have a stake in veFXS and are incentivized to connect to Fraxtal not just apps written on the application layer!
Here is the proof…
We are on the cusp of a major TVL explosion on Fraxtal!
IYKYK.
Cheers
Follow me @Cryptovestor77 on X for 24/7 Alpha on the Curve and Frax and now the f(x) Ecosystems.
