# Deploy Fraxferry for a new chain (Mantle)

**URL:** <https://gov.frax.finance/t/deploy-fraxferry-for-a-new-chain-mantle/2461>\
**Category:** Fraxferry\
**Created:** [July 13, 2023, 6:31pm UTC](https://gov.frax.finance/t/deploy-fraxferry-for-a-new-chain-mantle/2461 "2023-07-13T18:31:42Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![bobtherebuilt](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/bobtherebuilt/32/1306_2.png) [@bobtherebuilt](https://gov.frax.finance/u/bobtherebuilt)\
**Post date:** [July 13, 2023, 6:31pm UTC](https://gov.frax.finance/t/deploy-fraxferry-for-a-new-chain-mantle/2461/1 "2023-07-13T18:31:43Z")

</div>

## Summary

Deploy Fraxferry for FRAX, FXS, frxETH, and sfrxETH between Ethereum Mainnet and Mantle, with the following details (each token will be voted separately on the snapshot):

 ![image](https://canada1.discourse-cdn.com/flex031/uploads/frax1/original/2X/a/ab9e6b180d5e91e18afc3025e4f68c6e0776b821.png)

## Background and Motivation

Fraxferry aims to simplify the cross-chain bridging issue for assets, making it easier to deploy Frax-related tokens on other chains. Fraxferry is a slower, simpler, but more secure method of bridging tokens. And you can read more about it [here](https://docs.frax.finance/fraxferry/overview)

## Proposal

- For: Deploy Fraxferry for FRAX, FXS, frxETH, and sfrxETH between Ethereum Mainnet and Mantle
- Against: Do nothing.

---

<div class="post-metadata">

**Author:** ![bobtherebuilt](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/bobtherebuilt/32/1306_2.png) [@bobtherebuilt](https://gov.frax.finance/u/bobtherebuilt)\
**Post date:** [July 13, 2023, 6:50pm UTC](https://gov.frax.finance/t/deploy-fraxferry-for-a-new-chain-mantle/2461/2 "2023-07-13T18:50:01Z")

</div>

BitDAO has the [largest crypto treasury](https://defillama.com/treasuries) (not including native tokens) with over $800 million in ETH and stables. They are going through a total rebrand from BIT token to MNT token, as they gear up for mainnet of their Layer 2 chain Mantle.

They will be deploying significant capital with their [Ecofund](https://messari.io/governor/proposal/8dba38fc-275e-4907-9b72-b3a358eb1fd8) and will have continued efforts to push the growth of this chain.

This seems like an obvious opportunity to expand FRAX and frxETH market share.

---

<div class="post-metadata">

**Author:** ![bobtherebuilt](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/bobtherebuilt/32/1306_2.png) [@bobtherebuilt](https://gov.frax.finance/u/bobtherebuilt)\
**Post date:** [July 13, 2023, 7:08pm UTC](https://gov.frax.finance/t/deploy-fraxferry-for-a-new-chain-mantle/2461/3 "2023-07-13T19:08:45Z")

</div>

Some relevant links and reading material:

[Introductory article](https://www.mantle.xyz/blog/announcements/mantle-a-new-approach-to-scaling-ethereum) to the Mantle L2 and how it aims to improve the space.

[Technical docs](https://docs.mantle.xyz/governance/introduction/overview)

Mainnet goes July 17