Let's get some people up here.
Anybody that wants to come up can come up.
We're just going to live react to everything that's happening here.
So just hit that button, get on up here for the people today.
This is all about the Fraxel launch coming in literally a matter of seconds, we hope.
We're just watching the Telegram channel, waiting for something to be posted.
I've been spamming the docs, waiting for something.
I haven't seen anything yet, but I'm sure it'll come.
I wonder who's going to be deploying the first things on chain the fastest.
I wonder how the bridge is going to work as well too.
But yeah, come on up here. Anybody's welcome.
We're going to have a little launch party and just roll through this.
We don't know what to expect or when things are going to go,
but it should be literally any second.
Yeah, I think the other guys are going to come in here in just a few minutes and please come up.
Let us know, are you going to deploy a meme coin on Fraxel?
Are you going to deploy some NFTs?
We're all ready and waiting for the big day.
This is the big day and we are just super excited to see this finally come around.
I know it's been months in the making and it's going to be sweet.
So things that we know is that it's just going to be a couple of minutes.
Hopefully we get some docs.
We're going to be live tweeting this on the flywheel web page.
So if you do follow us on Twitter, make sure to hit that bell button because we're going to be posting probably through the night
as we see everything pop up and all the activity that's taking place.
And yeah, let's invite some people up here.
I'm just going to start randomly inviting everybody that I see to come on up.
And I have to listen to my child also patiently waiting for this launch.
I think I messed that up guys.
I had my mic on in the other room and now it should be better.
I was wondering what was going on, but everything is good.
This is a room for the people.
I invited a bunch of people and just feel free to come on up.
We can shitpost through all this and have some good memes.
The vibes are high today and everybody's feeling good.
So let's make this a nice big public channel.
Anybody that wants to come on up, we're literally, hopefully minutes away.
Yeah, the baby on the space does have some Alpha Ultimate Pro.
Yeah, so we've been publishing a bunch of stuff on Flywheel.
We have the 10 things that we already know that we've posted just a couple of days
The, uh, but we're looking forward to it.
I wonder if the docs are actually just going to be popped up.
Here we got Dave as well, too.
Let's post up this, uh, what's going on, Dave?
Wow, we have a lot of people here, a lot of people excited for the launch of the docs.
I feel like this is such a bonding communal experience, you know, from the sevens to,
you know, we were given, you know, the time itself and, uh, not surprised at all.
Things are a little delayed, of course, but, you know, we're all here.
The date, the time has come, um, you know, and I feel good.
The energy is good in the chat.
Uh, this has been, I feel like years in the making.
So, uh, how are you feeling?
I'm excited to see how things go and, uh, add fractal to metamask and port
everything over, uh, with all the big releases that we've had in one week with
dimension that happened like what, two days ago, and then Jupiter and now us,
uh, you know, there's been like $3 billion protocols that have
launched in the past week and then here we are on our way with, uh, fractal
coming and I think it's going to be bigger than all of those.
Yeah, I couldn't agree more.
Um, you know, tracks has been here for over three years now.
Uh, you know, building up more than just the stable coin protocol or Sam put it,
you know, their goal is to be the end to issuer of the most important
assets in the 21st century and tracks.
So it's going to give them the underlying infrastructure to do that and to own
their own rails in the same way that Amazon built AWS to control their own
So it's, you know, really exciting, uh, to see this all come along, uh, you
know, seeing everybody, you know, hopped into space, uh, you know, patiently
waiting, you know, I'm patiently waiting my prediction that it will come out on.
For 20, uh, I would not be surprised.
So, you know, uh, exciting stuff.
I mean, like we, we've been like covering this stuff since the beginning.
Like, well, uh, Sam, I have a question for you.
Um, well, how does it feel like seeing, you know, from when we started
flywheel, when during the collapse of lunar to now, like, how does it feel
to see a fracks evolve in this way?
I don't know if I'm surprised.
I mean, like the, the team is just, they ship, right?
I was, I was talking with, uh, resident kingfish today from high and they were
just throwing out good graces saying that, you know, like the fracks team ships
more than, than anybody else.
Like there's no other team who was just like dedicated to the craft and
it's constantly pushing things out.
I think it's just the ability to be malleable and take like kind of this
proto idea coming from fracks V1 and then see its evolution through market
forces and ups and downs of, of like narratives and, uh, prices over the
past couple of years and really solidify into the, the first L2 that, that has
both at LSD and its own L2 where the LSD is the gas token, which I think is
pretty revolutionary and it's going to be the big narrative for pretty much
every L2 coming into 2024.
The LSD came first and then it found, you know, it, it found even more of a use
case and in fractal and will increase its monetary premium, you know, seven fold.
Um, and I also see right now, uh, real world abs in the crowd, uh, first
meme point on fractal, uh, and they're going to be doing an airdrop.
Uh, should we have a month?
Like as we wait, would you want to come up real world?
Did you see the, uh, check out the, uh, the homepage, the homepage.
Could, if you can make me a co-host and I think I could like invite people up.
And if anybody else wants to join, it's an open space today.
Let's, let's, uh, feel the good vibes and, uh, talk about fractal.
Well, Hey, look new site up.
He said, I gotta check this out.
They have this like ecosystem page that has like, that shows like curve
convex, IQ, Wiki, pretty sweet.
And then there's fracks defy.
So the fracks defy is like the old page now.
It's like totally updated.
With, with, um, with the Mando bot, I wish I could, yeah, yeah.
So I see, oh, I see your, you know, more than, than just yourself is excited.
Hey, uh, we weren't expecting to be speaking.
Here, but, um, we can drop a couple of lines.
Yeah, we have our site together.
Uh, it is hosted right now.
It's live, but we haven't actually posted it yet.
It got leaked in a couple of.
Discords, but we're still, uh, doing a couple of fine tweets on the airdrop checker.
So if anyone is at the site right now and you're checking with a wallet that, uh,
does meet criteria, you'll get like an error right now.
But, um, some people are checking it earlier when it was functioning and since,
you know, it's currently being edited a little bit, uh, it'll be, you know,
updated and everything will be fully live in a few hours.
So, uh, is the methodology of who qualifies set in stone or is
there anything going to change at all?
Like who qualifies for the airdrop?
How's it going to go down?
So, um, it's new on listen to your, uh, last spaces and we were on and we
mentioned a little bit about who we were dropping to, um, and when we talked,
we were talking about like all, I think there were eight, eight or nine
contracts in total, and all of them are related to FXS like directly in some
way, except for one, which was the Solana Genesis Dow, which are like the,
the OG Solana phone holder people.
And we thought it'd be cool to get, uh, get them in with a little bit and,
you know, fractals going to have this direct connection with non-EVM
chains in like a new way.
We could get some of these, you know, high intensity D5 Solana users
over check out fractal, see it's like pretty competitive on the speed and
rate, uh, that would be like some good onboarding, but there, um, we have
someone from our team is in there and has been talking to them, but it's
just like, they're a little slow with how much they have going on.
So we're kind of reallocating that, um, splitting it between a number of
the other addresses, the VE, FXS, uh, CVX, FXS, LP, and then we're trying
to crunch in one more contract and mistakes out because right now we're
just covering the SD, uh, FXS vault.
So we were trying to get in there LP as well.
Yeah, no, excited to see you guys launch excited, you know, you know,
first thing I think of with meme coins, um, on fractal is when BAM comes
out, um, that's going to be a huge unlock, uh, for not just meme coins,
but for really any tokens, um, that launches on fractal permissionless
lending, uh, you know, I've been saying, this is the drama I've been
Uh, when BAM comes out, it will be the uniswap moment for lend lending
the actual zero to one moment for lending.
Um, and so I'm, I'm not sure your thoughts on not just BAM, but you
know, the existing infrastructure that will be live on tracks.
It's like, uh, it feels like the fraction chain fractal here is zero to one.
And then, you know, BAM is going to be a second zero to one, you know, four,
48 weeks out or something like that.
And, uh, I mean, you know, curve is about to come over for a pond.
Convex is probably going to deploy shortly after that.
And then if they can start utilizing BAM on top of fracks utilizing BAM and
they'll get that CR to a hundred percent instantly, uh, we'll see what happens.
And I see we have, um, stale stable scarab in the crowd.
Uh, our good friend, uh, stable scarab.
Uh, I'm going to invite you on.
Uh, so we rolled out what's the timeline.
So like after fractal launches, how fast do you think the like the
RDA token is going to come out?
Um, we're, we're getting it out there ASAP.
So if fractal is fully, fully live here tonight, um, we'll have the, the
website air drop checker up, you know, ready for everyone to start bridging
over and check what they're going to get.
And then, uh, within 24 hours, probably like tomorrow afternoon or something,
get some people the time to bridge over and everything.
We'll deploy contracts for an LP, you know, tweet everything out as it's
happening and, uh, everyone can start enjoying the chain.
So how do you, how do you get all this Solana users, uh, like on it,
Well, that's the time consuming part for the Dow was they were, you know,
individually they were trying to get a spreadsheet and run everybody's
names and get people to submit their zero X, you know, EVM addresses.
Since we can't just like have our, uh, our head dev Merkle tree
it like all the other contracts.
And, uh, shout out to the llamas who made a big splash in your guys' airdrop.
Well, they kind of connect all the, the curve fracks ecosystem.
And, uh, even though I know their treasury is mainly curve and convex, you
know, convex itself holds a lot of FXS in, you know, internally.
And, uh, it kind of seemed like the glue of the social system here.
Yeah, it's a great stuff there.
So we also got, uh, Phil, what's going on?
Phil is our, uh, also works at the flywheels, our content specialist.
Just wanted to come here to officially say fracks finance launch their thread.
Oh, they launched their thread.
I just checked the telegram quick.
We're about to tweet and then we're like, okay, nice.
So it's time for fracks to launch thread.
The most important and consequential release since the dawn of fracks itself
in 2020 frackstool testnet and mainnet are here for select launch partners.
fracks.com will be the hub of frackstool documentation.
L2 bridge UI and other resources starting today, February 7th, normal users
will be able to connect to the chain in the next few days.
Uh, frackstool is a modular blockchain with a fractal scaling and roadmap
and you need blocks based incentives, uh, all incentives, systems, liquidity
rewards, and new FX TL points.
And the airdrop snapshot will start later this month to give launch partners
and teams time to deploy their daps and stake FXS, uh, fractals, main execution
environment is an EBM rollup.
That is an OP stack equivalent.
Uh, when deploying and using the chain, everyone can be confident in the full
EBM equivalence and theory of alignment security.
Um, so it looks like it's going to launch with either scan save chain link,
uh, axel or layer zero, and it's going to be fracks is excited to be an early
committer to the optimism super chain along with base and other inaugural
Save chain link oracles all there.
Um, you know, a lot of big names there.
Um, yeah, I, do you want me to do, we're going to keep reading or, uh, did you?
So they talk about the flocks, the flocks, blockchain, blockchain
incentives are called flocks.
So they're blocked by block rewards based on usage of the chain accounts and
smart contracts that use specific dApps on fractal will be rewarded with, uh,
FXTL points based on the flocks algorithm.
And they say this is much more powerful than gas rebates or sequencer fee
sharing, uh, because projects earn more rewards per dollar of gas spent on their
contracts than any fee sharing program can match simply put flocks incentives
are designed to make fractal the most lucrative network to deploy your DAP and
the deciding between an increasing number of blockchains in today's crowded
I mean, it's going to create so much long-term alignment with these flocks points.
And, you know, um, I'm trying, I'm looking at this graphic right here.
Like, you know, the more value provide as a protocol to the network, the
more you will be rewarded.
So yeah, I think the alignment thing is really interesting, right?
Because if everybody's getting like the FXS as the reward, uh, you know, those
are locked in for like a year or two.
And so, you know, while the, there potentially will be a market for the
FXS like here in the next, like, I don't know, maybe a year or something, uh, for
now, it kind of keeps everybody locked into the ecosystem, uh, and, uh, aligned
Um, I can take it from here.
Um, so the next thread, uh, if you're building a DAP layer, DeFi, GameFi,
SocialFi project, and could use protocol on liquidity, RWA yield for your TVL, or
even direct FXS investment, make sure you reach out since no protocol does it
better than frags, we've got your back.
Uh, and on top of this, you can, you know, reach out to me directly.
Uh, you know, as part of the efforts we do at Flywheel, we do a lot of BD and
outreach, so if you want to build on Fraxel, hit my DMs, uh, next one, next, uh,
tweet, uh, part of the thread as part of our commitment to the growing
super chain ecosystem, Fraxel is also exploring opportunities and incentivized
builders, creating valuable infrastructure in DAPs on Fraxel through a retroactive
public goods funding system.
Details to come soon, but this is your call to action to start building from day one.
And that's big, uh, really aligning with the optimism super chain ethos last, but,
and most importantly, there will be a large airdrop of Fraxel, FXTL points,
Fraxel points to VE Sakers based on VE, VE FXS balance on March 6th, 2024,
11, 59 PM UTC, the week after the airdrop on March 13th, the Fox McCann mechanism
will go live and the phone really begins DAPs that have taken the time to deploy
in the four weeks prior in users that have brought assets to Fraxel will start
earning Fraxel points every block that they use the chain in another thread.
In another thread, we will describe Fraxel's, Fraxel scaling roadmap and vision
to scale its global state to become one of the most systematically important
chains in the long arc of block of crypto history.
We'll explain why we call Fraxel a modular blockchain and where it gets its name.
We'll also describe how different modules will communicate with the chain's EVM
layer and why Fraxel's unique approach to scaling blockchains is revolutionary.
Stay tuned and welcome to the Fraxel era.
We are in the era of Fraxel, folks.
Nothing will ever be the same.
Can you go over the airdrop information?
Yes, yes, the airdrop info.
So, yeah, so everything's here, all the dates and times, you know, as they said.
So basically on March 6th, 2024, at 11.59 p.m.
UTC, there will be a large airdrop of points to VEFXX takers based on their balance and
based on how long they lock.
And the week after the airdrop on March 13th, the Frax mechanism will begin.
So it seems like, you know, the next four weeks, this is your time to, you know, if
you're a builder to get on the chain, to deploy your DAP.
If you're a user, it's your time to go play around, you know, and it seems like in
March, that's when, you know, the points really begin.
But you have a whole month.
You basically have a whole month to come on chain to play around.
And who knows where these points will end up.
So, you know, they say like the first points will go to VEFXX takers.
I'm sure there'll be points for other things in the future, you know, maybe bridging
into a fractal or using certain fractal DAPs.
So really exciting to see.
Yeah, and we also got the docs as well.
The docs which I was peeking through.
There's a couple of things here we can we can roll through the docs as well, too.
So one of the things I saw about the like the fractal points system, right, is that they
say that that FXTL points are going to be tokenized no later than 12 months after
So I think Sam had hinted at that, but that's pretty cool.
So like all the points are going to have its own token and market and like value, which
is pretty like it's it's it's that it's that's awesome, actually, because now you can
have like for looking like pricing of the gas markets and the block space based
on the token and the fractal points.
Yeah, no, that's really cool.
Where where could people find the docs for that?
I'm going to post it real quick, too.
But if you guys want to go to docs dot frack dot com slash fractal.
Yep, you have docs dot fracks dot com slash fractal.
That's those are the dots.
So apparently there's going to be this new like VFXS contract that sits on fractal that
combines both the the like VFX fractal contract and the Ethereum contract.
They call it VFX counter.
So like state reads to it.
We're really going to go back to that.
Say that's our state stuff from the beginning.
So like before fractal, you could only stake fractions on Ethereum.
And but now you can stake the like fractions natively on fractal in a new and improved
contract in addition to ETH.
So there's going to be this new separate contract called like VFXS counter.
Which unifies the balances between Ethereum and then fractal by reading the state of
the VFXS contract on Ethereum and then combining it with the VFXS balance on
This is the long way it upgrades the VFXS.
We've been patiently, you know, twiddling our thumbs for.
There's also some RPC endpoints here.
So it's RPC endpoint, like just go in the docs.
It's there means you can add it.
And I don't know how you I don't know about the bridge.
Have you seen anything about like bridging fracts ETH over?
Do you see anything in the docs?
I just see the I see the RPC and then there's something about running a node as well.
Wait, so what are the like what I thought the nodes were there was like a just like
centralized sequencer first for fractal or is it actually that you could run?
or no, no, this sorry, this was for testnet.
This is sorry, this is for testnet.
I see testnet everywhere.
Well, no, they have the fractal bridge.
I do like go down to tools.
Yeah, it's still test at fracks.com.
So like the main UI must be up there.
They have the fractal fairy.
So if anything, it looks at scene.
Yeah, but the the bridge contract or the bridge page that they have up right now is
So I guess I guess in the tweet, they did say it was going to take like seven days for
them to roll it out for like people and then like for like launch partners first and then
And this is how you know, we're live.
Read reading the docs and checking the site and checking the chain lines.
I wonder if we can get, you know, some Sam or other people from the track scene on the
How's the telegram looking?
I've just been browsing on the docks and stuff like what does the telegram look like
Honestly, I think everyone's doing the same.
Everyone's just going over the docks.
There's a bit of Travis is kind of spearheading that.
Yeah, people are saying the old typo, which I noticed, but they're going to fix that.
Otherwise, I think everyone's just locked in.
Everyone's just so in awe of what they've presented.
And I think the hype is real, you know, the good vibes.
And, you know, we're on we're now on dot com.
That's how you know, it's official.
So there is so if you do click the RPC, it'll bring you to RPC dot fracks dot com, where you
could authenticate, which is pretty interesting.
Yeah, let's get more people on the space, get people's reactions, you know, what they've seen,
You know, Steven Scarab has been patiently waiting.
It's getting to be 1 a.m.
And also that the sevens turned into an eight for you.
Yeah, you know, I wasn't here for the the original launch.
So this is like my my most important launch since the beginning.
So, you know, what are your initial thoughts about Frax or what are your initial thoughts about
the launch from, you know, the quick read of the thread and the docs?
Yeah, I think this is just, you know, the beginning of so much.
And it's just kind of this open platform to build on.
So I'm just excited to see who comes.
I think there's so much TV on that, like, Frax is going to migrate over.
I know Sam was talking about, you know, it's going to be top five TVL if a lot of their
migrates over to the new chain.
So that's super exciting.
And then I love this image that they have of the different chains that are all kind of
There's not too much on the Bitcoin and Solana side, but they they included those circles as if
they're like, you know, trying to entice these entices communities.
Yeah, so it's it's stats on the Bitcoin side.
It's like kind of the the prominent layer two option on Bitcoin right now.
And then me on finance, which is for me on EBM, which is like EBM on Solana.
That's all Cosmos on the left.
Yeah, it is all Cosmos and Polkadot that way.
Yeah. Yeah, it goes back to Sam.
What Sam K said on our space almost two months ago, you know, being the most important and
to assure of assets, you know, the most important assets in the 21st century.
So in all those that's all those digital assets are right there.
Wait, so that's that's stacks on the Bitcoin.
Yeah, that's that's that's intriguing.
I know that that Sam's been talking about like Frax PTC.
He mentioned in his interview yesterday with crypto or two days ago at crypto.com.
I wonder if they're using stacks for the BTC creation or if they're doing it internally.
It's I'm interested to see that I'm sure we'll get an updated roadmap soon, soon, TM.
So what their plans are for the next assets that they include.
I mean, they've been thinking about BTC for a while.
I remember Sam, I think it must have been late 2022 when like Frax BTC was first
floated. But the question was, you know, where was the yield going to come from?
And I wonder now it's stuff like ordinals and, you know, you know, other like the avenues
of that. There could be something, but we will see.
I missed that picture the first way through.
So I was reading through the docs as well, too.
So there's actually an algorithm here for the flocks system.
So like the weekly incentives that you get is proportional to your rank.
And there's something called like the contract, like Frax till point ratio.
And that's essentially your weekly points is the amount of flax, Frax rank
multiplied by the contracts, FTL or FXTL ratio.
And then there's also an EOA calculation as well, too.
And then everything's kind of aggregated into this ranking system that they kind of go
by like page rank algorithm. It's calculated on a weekly basis and it reflects participation
in the network. And it's a function of the gas used in the contract multiplied by the
square root of the flax rank of the EUAs interacting with them.
Slow down, slow down, slow down. What is what does this mean in plain English?
So it just means that the kind of use this like exponential scale.
So the heavier users of the network are more significant to the network.
And so they get a higher rank.
I wonder if you can get Dennis up here.
Dennis, if you want to come up here and help explain flax to us, you're more than welcome to.
But if you want to like chill in the audience, you're also like welcome to do that as well.
Oh, yeah, I was just so like looks like the the heaviest, most gas using usage users of
a fractal will have the highest flax rank and it changes on a weekly basis.
And hopefully they can get it down to like a daily after like in a weekly.
I think the thing is here with the launcher fractal is, you know, it's doing it gradually,
doing it gradually, you know, over time, making testing, making sure everything's,
you know, from an infrastructure level, you know, down pat safe and then testing out the
algorithm and incentives like everything's down pat safe, functional working.
And, you know, you know, before we know it, you know, everything will be launched.
And, you know, I'm really excited.
I think. Yeah, this is pretty cool.
Also, it looks like there's going to be a boost function for your points.
So that the more the more points that you have or sorry,
the more the effects that you have, the higher boost you get for your fractal points.
And then so I like who are the biggest holders of the effects?
It's like convex is there.
And also curve as well, too, I'm guessing.
Yeah, my question is with smart contracts that are whitelisted on mainnet
for for fractal points, do they still get fractal points?
No, I think they have to deploy to fractal to get them.
Yeah. I wonder if there's a way to connect. How do you verify like, oh, like that spark
that address on fractal is, you know, corresponds with the smart contract address,
Well, I think that's where the new like VFXS counter comes in, right?
That that like unifies everything and is going to allow for like the boosting.
And speaking of projects launching on fractal, we have Rah. Rah.
What's up? It's North representing.
Yeah, this is so exciting.
I mean, I'm right in there with you in the docs just looking at the flocks rank.
You know, they try to figure it out together.
Well, yeah, it's yeah, it's you know, we we knew going into it.
That was part of the excitement.
We talked about this before on previous spaces,
but just the innovative nature and and the ability to move quickly.
Right. For us, this is how we roll.
And so it's it's exciting, you know, teaming up because, you know,
you have these kind of moments where it's like, okay, we're moving fast.
You know, so but yeah, there's a few from a project standpoint.
You know, some of the things that are happening.
One is exactly what I'm looking at right now, which is the
how the block space, you know, incentives will work because we have to make sure
that's all, you know, jives with our code that we have set up.
And then, you know, some of the like core pieces, you know, sub graph, right.
Which which most apps, you know, you know, are reliant on and and certainly our decks is a bridge.
We've talked about that, you know, just a few minutes ago.
So just getting the details of what that looks like and then explore, right.
It's some of the things with new, you know, chains that launch and with with fractal is,
you know, just some of these, the blocking and tackling stuff is is part of the, you know,
excitement is just getting that stuff set up.
And so for projects that are deploying, these are the building blocks that everybody needs.
So I'm looking forward to all that stuff coming together.
Yeah, in the docs excited and so many partners and others are excited about it as well.
And the real innovation here is this flux mechanism, which I'm sure
a fraction has been working on for a long time.
And what really differentiates it, which really differentiates itself from all the other L2s out
there. And like it, you know, like it was said in the thread, it's not about just giving like
a gas stream rate or a little bit. It's like, no, it's about, you know, actually rewarding
users substantially with these incentives via the flux mechanism.
And gas, it looks like gas is where there is the real intersection point.
Gas used in transactions from a contracts standpoint, and then obviously on the,
you know, for EOAs, it's like direct interaction with the contracts.
So that's where they're getting like this nod or the inspiration from Google's page ranks.
And I don't know if you remember how that, you know, Larry and Sergey, like where that began was,
you know, two PhDs with the inspiration of saying, you know, Yahoo is out there and as,
you know, this, anyway, their hierarchy of how they were running their algorithm
to give up search results. Well, they ended up saying, why don't we model after the PhD,
you know, system for published papers and how depending on the links that you had,
sorry, the citations, that was how value could be determined if you published.
So, you know, Dave, you put something out, you know, about, you know, innovative points,
you know, functions to incentivize, you know, great behavior, you know, and you're talking
about fractal and you published this paper, well, depending on how many other, you know,
journals, you know, like academic, you know, sources linked to it or referenced it,
that ended up being kind of the determinant of, you know, the value of your piece that you wrote,
just as an example. And so that was, that ended up becoming Google. And of course it's evolved
since then, but that was why Google started to, you know, dominate the search market was that,
you know, page rank algorithm. And so now you can see how from EOAs as I'm reading this,
I'm interacting with contracts, but if I'm interacting with contracts that are heavily
utilized by others on the network, that basically that's what's impacting this
flocks rank. So the popularity of contracts, it's really kind of fascinating, right?
So as you start to get just the same way that, you know, a, can you hear me?
Oh, it was, yeah, my thing was frozen. So just the same way that when we go to a search result
that has a lot of, you know, backlinks and, and, you know, site visits and everything for,
you know, I don't know, say it was medical information, it's like the Mayo Clinic or
something and it's going to come, or WebMD, you know, like it's going to come up first.
If we ask a question, like, why does my brain continue to invest in these mean coins, right?
Like something like that. So it's going to serve up a result. Well, similarly,
it's encouraging us to interact with most popular contracts, which are yet to be determined.
But you can see how that starts to build on itself. Over time, you can really gain
the same way that, you know, you had like search engine, you know, optimization, right? And
figuring out, in addition to just your site and your information, you know, being useful and
relevant to people for what they were searching for, also playing the game of all these backlinks
and everything. It looks like that's going to start to factor in. Looks like the most important
thing will be that your contracts are being used by the most people. And if they are,
it's going to be a flywheel of sorts, like self-reinforcing
network effect where your flocks rank will continue to go up. So that's a new
wrinkle, which is really interesting. So TLDR everyone would paint drink is to Google
flocks is to fracks. That's the TLDR. And soon you won't have like SEO, you have like SEO.
A different kind of smart contract optimization, not just for not gas optimization, but, you know,
Fox optimization, maybe SFO like that. It's fascinating. Like the airport.
Yeah, so yeah, I think like this will figure that out.
Yeah, like this really gives a lot of design space for builders and, you know, and incentive
creators. And it makes it really a game, like how SEO was a game, like this is going to like really
gamify fracks and really gamify, you know, deploying smart contracts and having them use
in ways not seen before. I think it's hard for us to like even imagine all of the ways,
you know, flocks, how flocks is going to play out because it's just literally just came out. But
I'm sure there are some ways where people are going to use are going to create some like smart
contracts that like anyways, I don't know. Let's think about let's think about some contracts
that have burned a shit ton of gas. Right. I think we can start with like the ordinals,
right? Well, we'll have ordinals on fractal. And those take up a lot of block space. I also
remember some other like very badly poorly designed contracts that use a ton of gas
to mint tokens that we've seen. I forgot. I forgot. This is like mean quote. What was it?
What was the name of that? We had that like that flash in the pan where like anybody
commit the tokens, you just had to call the contract over and over again.
You were I'm not sure. I forget the name of it. But there was that one token where like
the whole point was to just burn as much gas as possible. Oh, are you talking about? I know.
I think you saw it, you know what I was talking about. But I think we're gonna have some like
weird spikes where, you know, because of the because of the fractal incentives, the flocks
incentives, like people are going to be really incentivized to figure out how they can create
contracts to get people to spend as much gas as possible. And so there's going to be like a couple
of types of of actors here, they'll be the or your long term actors, which are building functioning
apps that can come in and, you know, gain market share and take that market share for long periods
of time. You know, I would expect like a perpetual exchange to do that, potentially raw with their
decks that they're deploying as well, too. And maybe even a mean coin, like real world apps,
if enough people are trading it. And then you're going to have a lot of these like flashing the
pans of people just coming in and deploying like gas guzzling contracts, hoping to generate as
much, you know, block space demand for fractal to try to take as many fractal points. So I think
the incentive structure is really going to play out. It's something that we've never really had
before. And we might see some really interesting on-chain games being played.
Yeah, I'm excited for all the games, you know, as set in the thread, not just DeFi, you know,
gaming, SocialFi, you know, it can all come to fractal. It can all come to the ecosystem. You
know, you see the the new homepage. It's not just DeFi. It's beyond DeFi. So the, you know,
there's grand plans and the vision is indeed grand and the sky is truly the limit.
Yeah, it's a good point because when you're, if you change as things change, right, you build
and you're and you're constantly shipping, which which Frax has proven to do, you know,
from a builder's perspective, that's super exciting for us, right? We like to ship new things. And so
when the game changes, you know, that's where arbitrage and opportunity, you know, presents
itself. And so to be builders that are shipping, you know, teamed up with, right, a platform that's
going to be, you know, as expected, shipping new things, new experiments. It's just exciting
because it creates, it's just high beta, you know, environment.
For sure, for sure. So we've been on for almost an hour. And, you know, as a flyer, we're gonna
like come go back into the lab, look at the docs come out, you know, with our own pieces breaking
down everything tomorrow. You know, before we head out, what are some final words that everyone
has about, you know, about facts, final reactions, you know, final, just final anything? Go ahead.
I've got just it's it's it's a today marks a new future, and a new day in history for Frax.
It's been what, just four years now. And it feels really quick. And to think that all these things
have been done in such a short amount of time from, you know, deploying a stable coin that has gotten
to $2.7 billion to building an LSD, which is one of the top ones on the market, and now introducing
RWA products, and now finally coming around with the launch of Fraxtel. It's just incredible to see
the diversity of products and assets that the Frax team has has built. And I think it just
the tone that's been set from these four years is just going to extend into the the rest of the
decade. Hey, guys, my cat here, I just want to step up real quick and say hello. I picked up some
Fraxtel and some FXS on Polygon back in early 2021. And I fell in love with the ecosystem because it
was complex, it was designed and intelligent. You guys continue to impress me because people in here
read, you guys are diving into documents. I mean, this is a document party. It doesn't happen in a
lot of web3 projects. It's a document party. Yeah, that's a good one. It's a bunch of fucking nodes.
For sure, man. And that's a big separator. And that's an important thing that keeps me very
bullish about why I like what's going on here. So two projects I'm involved in that I want to see
to put on Fraxtel and I know there's already talking docs right now. So adamant is a yield optimizer.
That was when it started on Polygon and it's been there for a long time. And then just on other
things, I'm involved with Apigachi and a lot of ecosystems and NFTs and then Linz, the social
fight ecosystem. So I talked to Sam, he's going to be in Denver. I'm going to be in Denver. Linz is
going to be in Denver. Apigachi is going to be in Denver. A lot of overlap there. So anyone headed
to East Denver will be hanging out and having some fun there. Just wanted to give my congratulations
to the Fraxtel launch. Yeah. And if anyone's going to be at East Denver, we will be hosting our own
Fraxtel party of Fraxtel and Time happening in the afternoon of March 1st. We're going to have
panels. We're going to have the team there. And we're going to have a surprise musical performance.
So make sure you sign approval on that. And also the mythical Fraxtel merch, which is only available
at conferences. Only available at our events. I'm actually just going to Denver for the merch.
I mean, that was the best thing about it. I got a Fraxtel last year and I couldn't be happier.
Yeah. Louie, we went back and forth making the merch this year. Oh my God. It was a fun
experience though. It was a true team effort. Yeah. Do you have any final words before we head
out? Like I've been tweeting, we're living in a post Fraxtel world now. It's different game,
different world. Like you guys mentioned with the flocks, it's going to be a big game changer.
Especially I was thinking about it in the case of inscriptions. We'll see how that happens.
If there's any stress test with that, or maybe a living benefit from it. Just excited for what's
to come. You really have to dive deeper into the docs. You know, stay tuned for tomorrow guys.
We're going to have a lot of juicy information and, you know, just breaking down everything.
Exactly. Making it accessible to the people. Yeah. And come say hi to Denver. We'll be there.
Yeah. And a stable scar of, you know, final thoughts. Yeah. Excited like everybody else.
I think, you know, Fraxtel is this great, like core D5 primitive,
M2 settlement layer we talked about. And now it's, you know, evolving into this platform where
anybody can build apps on top. And that's incredibly exciting. And there's projects
that are already doing it, but there's also a lot of things that are going to come up and innovation
is going to be inspired by it. So excited, like all you guys looking forward to it.
Yeah. Real world apps. You have the floor. Yeah. I'm seeing a couple of discords. People
are talking about how they're requesting for real world apps. Are you there? Yeah. Can you hear me?
Might be having some it. Yeah. Okay. People are saying they're requesting to Rabbi.
Rabbi support right now to get Fraxtel mainnet chain ID, like supported. So if anyone's out there
using Rabbi, try and get on online and put like another request in. And if we get a lot of requests,
it'll be supported by Rabbi really quick. Spam the request, guys. Yeah. I can't raid
on Rabbi any faster with my clicks. That would be amazing. Yeah. I guess I'm having some technical
chemical disease because I can't hear real world apps. And I'm so sorry. Sorry. It's your rock
hard apps. Yeah. Yeah. So right. Wait, did you go? Not yet. I just say like, I mean, we're just
pumped. We're getting in the docs as a team, get the devs, you know, up, up into all this information
and, and then we'll try and simplify everything for the world, you know, as far as just having a,
you know, quality LP opportunity, you know, that's straight down the middle for people. But
where you can start stacking these fractal points, and then a lot of partners have their own points
programs in place. And so, you know, stacking fractal points on top of those other partner
points. And in fact, even us, you know, raw, raw is going to have, you know, LP, you know, points
accruing for eventual, you know, token launch. So we're just actually pretty big north. I was just
thinking about that. Sorry to interrupt, but the tokenization of the points, right? So think about
like a protocol like yours, that's deploying day one. And then tokenization occurs sometime in the
next like 12 months, right? You know, that those will be huge rewards or incentives that can be
passed back to the users of raw potentially. I wonder if they're, what kind of market,
if there'll be an options or something that starts to develop, you know,
I'm sure something like, I mean, I know there's Wells market.
Yeah. But, you know, my final words, you know, this is a very fracks heavy space, we all have
our biases, of course, I would just say this is only the beginning. You know, let's not get
complacent, like there's still a lot of building that needs to be done. This is a landmark day,
of course, but, you know, there's a lot more work that needs to be done to get, you know,
the world onto Fraxel, whether it's, you know, how we raise awareness, how we get people onboarded,
how we get builders onboarded. So, you know, my words are like, you know, let's, you know,
this is a landmark day. Let's get, you know, this is really exciting. But, you know, there's still
a lot of work to be done. But, you know, this kind of pressure is a privilege, you know, this kind of,
you know, the road ahead of us, they'll have its ups or have have its downs. But, you know, the
destination is clear. And, you know, this was a meme at the beginning of Frax, and it still holds
true now. All roads lead to Frax. And now with Fraxel coming out and the roadmaps at all roads
lead to Fraxel. So, thank you, everyone, for joining. You know, this has been a great space.
You know, make sure you follow everyone up here, flywheeldefi, stablescarob, Louie,
of Ra, realworldabs, mycelium, myself. Make sure you follow us on FarCaster. We have secured the
flywheel handle. Make sure you, we actually just started the Frax channel last night on FarCaster,
so make sure you follow that. I'm just DeFi, Dave, on FarCaster as well. Let's make sure we
have a big showing on there as well. I think there's big opportunity. I could see FarCaster
becoming, you know, a big hub next cycle as well. But thank you, everyone, for coming here. Happy
Frax today. Long live Frax, and we'll see you soon. Long live Frax. Here we go. Ciao.