[FIP - 151 ... 158] Deploy Fraxferry for frxETH and sfrxETH

Authors

Frax Core Team

Summary

Deploy Fraxferry for frxETH and sfrxETH between Ethereum Mainnet and other chains, with the following details (Each chain/token will be voted separately on the snapshot):

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 .

3 Likes

Yes, let’s go! Having frxETH / sfrxETH on L2’s allows more and also smaller investors to benefit from Staked ETH. It’s a great way to introduce new people to the Frax ecosystem.

Hope to see sfrxETH gain more adoption as collateral on lending platforms. More than 25% of the total sfrxETH supply is currently locked as collateral on fraxlend. Looping to go leveraged long on ETH and multiplying the ETH staking rewards seems a popular strategy.

2 Likes

These series of proposals are up for voting:
[FIP - 151] Deploy Fraxferry for frxETH ( Arbitrum ) : Snapshot
[FIP - 152] Deploy Fraxferry for frxETH ( Optimism ) : Snapshot
[FIP - 153] Deploy Fraxferry for frxETH ( Polygon ) : Snapshot
[FIP - 154] Deploy Fraxferry for frxETH ( BSC ) : Snapshot
[FIP - 155] Deploy Fraxferry for frxETH ( Fantom ) : Snapshot
[FIP - 156] Deploy Fraxferry for frxETH ( Moonbeam ) : Snapshot
[FIP - 157] Deploy Fraxferry for sfrxETH ( Arbitrum ) : Snapshot
[FIP - 158] Deploy Fraxferry for sfrxETH ( Optimism ): Snapshot