The DeFi project Frax Finance has introduced its secondary Ethereum network named Fraxtal. This limited network was activated today and is available for specific partner applications. Fraxtal acts as an optimistic rollup aggregator compatible with Ethereum and built on the OP Stack. It will be integrated into the Superchain Optimism ecosystem alongside Base, developed by Coinbase.

Currently, Fraxtal is accessible only to launch partners, including decentralized infrastructure providers such as Safe, Chainlink oracles, as well as bridges like Axelar and LayerZero. It is expected that regular users will gain access to the network in the coming days. The network will function as a platform for decentralized applications (dApps) focused on decentralized finance.

Frax is the creator of decentralized stablecoins Frax and Frax Ether, with a combined market capitalization exceeding 1 billion dollars. The project is governed by Frax Shares (FXS) tokens.

On March 6th, a snapshot will be taken for holders of Frax Shares (FXS) tokens who have voted for staking, and they will receive Fraxtal (FXTL) points. The team has not yet specified whether these points will be replaced by a separate token.