FRAX LAUNCHES MODULAR LAYER 2 BLOCKCHAIN

Summary from the TLDR Crypto newsletter

Frax Finance is launching Fraxtal, an L2 blockchain that aims to offer rewards utilizing its unique Flox system. Users who stake veFXS using this new system will receive $FXTL points in an upcoming airdrop. As a part of this rollout, Fraxtal is partnering with established web3 infrastructure projects, promising a user-friendly, low-cost experience.