ChainCatcher message, Frax Finance announced a partnership with NEAR Protocol on X, further realizing the multi-chain vision through programmable money and user-owned artificial intelligence.Currently, over $5.5 million of FRAX has been bridged and provided to NEAR ecosystem DeFi projects Burrow Finance and Ref Finance. Frax's yield-bearing dollars and ETH assets sFRAX and sfrxETH will also power NEAR DeFi.Additionally, through this collaboration, Frax will integrate NEAR DA into Fraxtal, serving as a liquidity hub for all cryptocurrencies.

ChainCatcher news, the first part of the Singularity roadmap proposal from Frax Finance has opened community voting, with the voting deadline set for March 31 at 8:17.This includes the launch of Fraxtal; all Frax assets, including FRAX, sFRAX, frxETH (and new Frax assets), will be issued on Fraxtal first; the launch of 23 L3s within the next year to kickstart the Fraxtal Nation community; and new FXS Singularity token economics.

ChainCatcher news, the mixed algorithm stablecoin protocol Frax Finance officially announced the launch of the modular Layer 2 blockchain Fraxtal. The Fraxtal testnet and mainnet are now open to select launch partners, and regular users will be able to connect to the chain in the coming days.

ChainCatcher news, according to CoinDesk, the founder of the stablecoin protocol Frax Finance, Sam Kazemian, stated in an interview that the company plans to launch the Layer 2 blockchain Fraxtal in February. Kazemian said, "The current timeline is the first week of February. Etherscan will support it on the first day through Fraxscan, and many projects will debut shortly after the launch."The new product will add to Frax's existing product suite, which includes Frax (a fully collateralized algorithmic stablecoin), a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and the liquid staking token frxETH. Fraxtal will utilize rollup technology. Frax's liquid staking token frxETH will power Layer 2 and serve as the gas fee for the blockchain.