By the way, is there a developer group for Fraxtal?

Actually a great idea, it might be time now for a dedicated Fraxtal telegram channel 🤔

1. i heard that frax uses its own DA layer? doesn’t that make it a validium? 2. also, for v2 of Fraxtal the way i understand it, it’s wanting to be a settlement layer where blockhashes can be committed to resolve disputes and bridging? 3. would it be like a cheaper settlement layer relative to ethereum because data is propagated and executed by fewer nodes (and maybe some other fancy tech)? btw, will these nodes be forced to secure Fraxtal L2 (after v2) or is it an opt in thing? or would you guys want to setup an AVS for restaked $sfrxETH? @samkazemian

1.) which definition of validium are you using? It’s more a modular rollup with distinct parts for execution (OP stack), DA, and settlement, and consensus (currently ETH L1). 2.) yes but it’s even more than that, more like the final place every composable system/chain can look for final ordering between all separate chains. 3.) once the full fractal scaling roadmap is completed, there will be a chain staking token, either FXS or FXTL based on community decision.

1) idk, i’m basically just regurgitating what vitalik said; if you don’t use ethereum DA, you’re a validium 2) i don’t think settlement is inherently a very lucrative business whatsoever, since Ethereum as a settlement layer is only valuable because of the “money” it issue, $ETH and now with Eigenlayer and stuff the validator set it boasts, but how much money does ethereum actually make (like through the burn) if it merely becomes a settlement layer on which zero execution whatsoever is done (if i’m not wrong posting block hashes to resolve disputes and proofs to bridge don’t actually require L1 execution, just “stupid” call data, so costs there and hence eth burn is hella low).

1.) I don't think that's the technical definition of validium haha. It's more like if there's trust in a specific party to produce the DA or if it depends on complete trust to recreate the state of the chain. 2.) I actually totally agree with this view. If this view is right, consider Frax is one of the biggest issuers of "money" in crypto with major units of account in the billions of dollars combined issuance of USD peg, ETH peg, CPI peg, and soon BTC peg. I think you have a "money maximalist" view of the world in terms of how to capture value. I think that's fairly close to how I think of things as well.

In my opinion, people begging for an airdrop, really just want an airdrop of a useless token that they can sell for a quick win. I am pretty sure that most people still want value to accrude solely to veFXS as they should surely know that fragmenting rewards over two tokens means creating less of an incentive to hold either one token.

Agreed entirely. $FXS is 👑 The new veFXS contract on Fraxtal even allows stakers to eventually be able to run different Fraxtal modules so it can become a full blockchain POS token.

I'm not sure I actually understand what you just said... Correct my ignorance... how do staking and (other chains?) modules tie together?

What I mean is that until now, staking veFXS basically means locking the FXS in a smart contract without running node software because there's no slashing functionality built into the current veFXS contract. The new one allows people to stake veFXS (same as current functionality) but also to opt into being validators for different Fraxtal modules that will be released in the future.

1) correct me if im wrong, but a validium uses data available that is offchain. offchain=off of ethereum, which introduces significant trust assumptions. if you’re a rollup using ethereum as settlement and then also use ethereum as da, you’re not really introducing crazy additional trust assumptions, are you?

yeah, issuing money is the only way to accrue the most value imo. tron burns more of its native token than eth does simply because it does more activity, but why is it valued so much less than eth? that’s just what i think. and one of the reasons im so fucking bullish on frax is because well you mentioned

And, for those that need this broken down further, by choosing to risk being slashed and participating in validation, your staked veFXS wpuld get an additional layer of yield which wpuld be generated from transactions that happen on Fraxtal.

@samkazemian - Check DM

Feel free to dm me instead ser!

It would be better to wait for the new veFXS contract for staking FXS?

If you are looking to stake on Fraxtal, yeah. But you can currently stake on Ethereum.

Can I stake Fxs in fractal before march 6?

What is even fraxtal. You all are moving too fast.

check out the pinned msg. fraxtal coming soon