InceptionLRT Expands to Fraxtal: Bridge Assets & Broaden Defi Reach
InceptionLRT has taken a major step forward in expanding its capabilities with the introduction of insFRAX and insfrxETH, which are now fully bridgable to the Fraxtal Blockchain through Inception’s Bridge. This new functionality opens up seamless access to Fraxtal's ecosystem, offering users flexibility and utility across both landscapes.
In this blog, we’ll explore how these assets connect to Fraxtal, dive into Frax Finance’s innovative approach, and give you a step-by-step guide to bridging insFRAX or insfrxETH. Plus, we’ll highlight how DeFi integrations, on Curve and Ionic, can be leveraged for optimal yield strategies with these assets on Fraxtal.
Inception’s insfrxETH & insFRAX: Now Bridgable to Fraxtal
Inception recently made two significant assets — insfrxETH and insFRAX — available for bridging to Fraxtal through our xERC-20 Bridge. These assets represent staked versions of frxETH (Frax Finance’s liquid staking token of ETH) and FRAX (the algorithmic stablecoin). sfrxETH has long been restakable on InceptionLRT through EigenLayer, while sFRAX was recently introduced, offering users a broader array of assets to leverage.
The integration of insfrxETH and insFRAX with Fraxtal allows users to seamlessly bridge these assets to the Fraxtal ecosystem and interact with decentralized applications (dApps) while retaining the benefits of restaking and yield aggregation.
What is Frax Finance and the Fraxtal Blockchain?
Frax Finance has established itself as a leading player in the DeFi space with its approach to stablecoins and decentralized financial products. Fraxtal, Frax’s new Layer 2 blockchain, leverages the Optimism OP Stack for modular rollups, providing increased scalability for Ethereum-based operations. The blockchain uses frxETH as its native gas token and integrates deeply with Frax Finance’s products, offering a flexible platform for DeFi operations.
Fraxtal’s modular architecture separates key components such as data availability, execution, and validation, allowing for greater scaling flexibility. The platform also supports Layer 3 deployments and cross-chain middleware solutions, making it a key player in DeFi scalability.
Bridge to Fraxtal: A Step-by-Step Guide
Bridging your insFRAX or insfrxETH assets to the Fraxtal blockchain via Inception’s xERC-20 Bridge is quick and easy. Just follow these steps:
1. Visit the Bridge Page
Head over to the InceptionLRT xERC-20 Bridge and connect your preferred wallet (e.g., MetaMask, Trust Wallet, WalletConnect). Ensure your insFRAX or insfrxETH tokens are available in the connected wallet.
2. Select the Token to Bridge
In the token selector, choose either insFRAX or insfrxETH and enter the amount you wish to bridge.
Bridge tab on InceptionLRTs dApp (Source)
3. Approve the Asset
Click on Approve and confirm the transaction in your wallet. This grants permission for the bridge to access your tokens.
4. Initiate the Bridge
Click on Send and complete the action in your wallet. Your tokens will be transferred and locked in the bridge.
5. Switch to Fraxtal Network
Once the transfer is complete, click Switch Network and confirm in your wallet to transition to the Fraxtal blockchain.
6. Claim Your Bridged Tokens
Finally, press Claim to receive your insFRAX or insfrxETH on Fraxtal and complete the wallet action. Wait for the claim transaction to be finalized.
Amplify Your DeFi Strategy with Curve & Ionic
InceptionLRT has expanded its DeFi offerings on Fraxtal with 3 powerful integrations on Curve and Ionic. These integrations provide users with new avenues to boost their DeFi strategies, leveraging Inceptions Liquid Restaking Tokens, and benefit from Fraxtal’s ecosystem.
Curve Pools: insFRAX/sFRAX & insfrxETH/sfrxETH
The Curve Finance integration on Fraxtal is a game-changer for users looking to earn extra rewards through their LRTs. Users can add liquidity to the insFRAX/sFRAX or insfrxETH/sfrxETH pool, leveraging Fraxtal’s low gas fees and fast transaction speeds.
New Curve Liquidity Pools on Fraxtal for insfrxETH and insFRAX (Source)
By participating in these liquidity pools, users not only earn from transaction fees but also gain access to additional incentives and rewards, making it an ideal option for those looking to maximize yield on their assets.
Ionic Isolated Lending Markets: insfrxETH/sfrxETH
Inception’s is also introducing an **isolated lending market for insfrxETH on Fraxtal through Ionic. This integration offers users the opportunity to borrow against their insfrxETH collateral in a secure, isolated environment, where risks are confined to asset-specific pools. Beyond typical borrowing, this setup can be particularly valuable for users looking to engage in DeFi looping strategies.
New Ionic insfrxETH Isolated Lending Market Integration (Source)
In a looping strategy, users can restake their sfrxETH, receive insfrxETH in return, borrow against their insfrxETH, and use the borrowed sfrxETH to restake again. This creates a loop that allows users to maximize their yield and multiply rewards efficiently.
For a deeper dive into how LRT Loop strategies work, check out our blog post about it:
-> Navigating Defi Loops. Why Isolated LRTs Are Superior for Optimal Yield
Future Prospects for InceptionLRT’s Growth on Fraxtal
Inception’s expansion onto Fraxtal with insfrxETH and insFRAX as restakable assets, coupled with the ability to bridge these assets via the xERC-20 Bridge, represents a significant leap forward for the protocol’s capabilities. The integrations with Curve and Ionic provide new opportunities for yield farming, lending, and restaking within Fraxtal’s scalable and efficient network.
Whether you’re bridging assets, adding liquidity to Curve’s new pools, or borrowing against your insfrxETH in Ionic’s isolated markets, Inception’s latest innovations continue to push the boundaries of decentralized finance.
Stay tuned as we continue to expand and offer more opportunities to unlock the future of DeFi.
