- Frax Finance has published its “singularity roadmap.”
- The roadmap lays out ambitious plans over the next two years.
- The protocol is keen on growing its TVL to billions.
DeFi protocol Frax Finance is keen on attaining $100 billion in total value locked (TVL) in its layer 2 blockchain Fraxtal over the next two years, a “singularity roadmap” shared by the protocol shows.
Founded in 2019 by Sam Kazemian, Frax Finance brands itself as a decentralized stablecoin protocol issuing asset-pegged tokens, such as FRAX, sFRAX, and frxETH, with subprotocols to support them.
Frax Finance’s “Singularity Roadmap”
According to the document, “the road to $100B+ Fraxtal TVL starts now,” with the deadline set for 2026 end year. The target is quite ambitious, given that the protocol’s current TVL stands at $13.3 million, according to DeFiLlama data.
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To achieve this, the protocol plans to issue all Frax assets on Fraxtal first. These assets include Frax Share (FXS), frxETH, frxBTC, Frax Bond (FXB), and Fraxtal Points (FXTL).
“When Frax assets reach a new ATH supply, so will Fraxtal TVL. This is a unique synergy only possible because of Frax’s full stack system. Frax Assets will permeate every chain but the base contracts and assets will exist on Fraxtal mainnet,” the document read.
Expansion-wise, the Frax team aims to partner with 23 L3s in the next 365 days to “kickstart the Fraxtal Nation community” and provide the networks with developer access, incentives, and direct investments. The first two L3s are “already in the works,” as the protocol expects to fill the remaining slots in “the coming months.”
The roadmap further proposed that “the protocol fee switch be turned back on” to optimize Frax’s revenue and revive a mechanism of sharing profits with stakers of its native token.
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Read about Frax Shares (FXS) and their utility:
Frax Shares (FXS): Project Review, Recent Developments, Future Events, Community
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