Decentralized finance (DeFi) protocol Frax Finance, home to one of the world’s largest stablecoins, is looking to roll out its layer 2 blockchain, Fraxtal, in February, CEO and founder Sam Kazemian told CoinDesk in an interview. “The current timeline is the first week of February. Etherscan will support it on day 1 with Fraxscan, and a huge slew of projects will debut soon after launch. It will surely be one of the biggest rollup releases of the year,” Kazemian said. The new offering will add to Frax’s existing product suite, which comprises FRAX, a fully collateralized algorithmic stablecoin, a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and the liquid staking token frxETH.
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