veFXS is live for Fraxtal

Frax Finance’s announcement that veFXS is live for Fraxtal means users can now lock FXS and use the resulting veFXS position within Fraxtal, rather than only on Ethereum mainnet. Frax’s documentation says veFXS is a non-transferable vesting and yield system modeled on Curve’s veCRV, where longer locks produce more voting power and yield rights, and the Fraxtal setup is intended to unify balances across Ethereum and Fraxtal through a separate counter contract.

✨ AI-generated background, compiled from web sources — not editorial content.

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