LRTs repurpose staked ether to support external systems like rollups and oracles with an economic security layer, explains Marcin Kazmierczak, Co-Founder of RedStone & Warp.cc.
The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it's already driven up congestion on the Ethereum blockchain.
Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month.