The hybrid algorithm stablecoin protocol Frax Finance posted on the X platform that within 24 hours from now, it will issue FXTL points based on a snapshot of the veFXS balance of the Ethereum mainnet stakers on March 6. FXTL balances will be visible on Fraxtal on the same address that staked veFXS. Partner protocols such as Convex Finance, Stake DAO, and other projects that will deliver airdrops can coordinate with Frax to issue FXTL points.
Additionally, due to popular demand, high Ethereum gas fees, and a desire to include stakers of all sizes, Frax will conduct a second snapshot on April 3 to issue more FXTL points. The snapshot will include veFXS staked on Fraxtal as well as veFXS on mainnet. If staking on mainnet, you don’t need to do anything.