FRAKT Weekly update — 2023 week 20

FRAKT
4 min readMay 22, 2023

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Hey everyone ☀️
Can you feel that green acid 🟢 running through your veins?
It’s the FRAKT Alpha kick.
LFG!
(Previous weekly update is available here)

General news

Banx WLs

Since Presales sold out, getting Fraktlisted and placing in the top 1200 of the leaderboard is now the only way to get BANX WLs (along with many more rewards🤑)

Join: fraktlisting.frakt.xyz

Prizes: leaderboard.frakt.xyz

Updates to the Fraktlisting Leaderboard Competition

  • Additional prizes have been added, including Mad Lads, more NFTs, and $FRKT. Don’t miss out on your chance to win! The top 1200 participants on the leaderboard will receive rewards. It’s not too late to get started! Just depositing 1 SOL in a lending pool makes you eligible for some #freemoney 🤑
  • Introducing the Loyalty boost! Starting today, everyone begins with an x1 boost. Each day, your boost increases by 0.1. However, please note that if we detect your wallet transacting on another protocol, your boost will be reset to x1
  • A referral code is no longer mandatory to get Fraktlisted. But if you use one, you can still join a team and unlock future advantages to be revealed after minting (think discounts and more)! 🔥
  • Fraktlisting applicants are now auto-approved, allowing them to join the competition right away!
  • Each participant now has only 1 referral code to share, but you can refer as many users as you want. All referrals made during the Fraktlisting campaign will be saved and migrated to our long-term referral program after minting. This means you’ll earn a whopping 25% of the fees paid by your referees, forever! 🤑
  • You can easily access the leaderboard by clicking on the top of our main app at frakt.xyz

We’ve already received over 100 new Subber collab requests, so don’t wait too long to start chasing prizes and WLs before everyone else joins in!

It’s time to grab some free money! Let the competition begin!

Growth and marketing

DELIST campaigns

On Friday we launched two hot delist campaigns! Take down your pools, double check that you don’t have any hanging listings, grab a Frakt or Gnomie and GET READY TO PRINT 🥳

1.DELIST = EXTRA $$$$

The unclaimed portion (from Banx that are not staked) of the first revenue share payment will be distributed, by Partner Points, to wallets that do not list/sell any Frakts/Gnomies/Banx before first revenue share payment.

We expect this to be a large payment due to revenue share backlog, high trading royalties post-mint, and slow migration to Banx 🤑

2.BUY & DELIST = SHARE OF THE 500 SOL GIVEAWAY

500 SOL will be shared evenly among wallets that meet the following criteria in the coming weeks

✅ Do not list/sell any Frakts/Gnomies/Banx before first revenue share payment

Buy 1 or more Frakts/Gnomies before mint day
200 people participate, you get 2.5 SOL
100 people participate, you get 5 SOL
50 people participate, you get 10 SOL
25 people participate, you get 20 SOL

For reference, less than 200 holders bought their presale in the two week window…

Timur’s vision on upcoming Banx mint

Subber Allowlist Collab

To expand reach for Fraktlisting, we have created an Allowlist Collab on Subber! If you are a holder of Subber K3Ys, can you please head to Subber and boost our Allowlist for max exposure

Solana Heroes

We kicked off our ‘Solana Heroes’ series

Frakt wouldn’t be possible without Solana, and Solana wouldn’t be what it is today without these people

We’ll be creating curated Banx for individuals that push our ecosystem forward!

Banx sneak peaks

New peer-to-peer listings

@TheHoopasNFT
@NekozumaNFT
@DandiesNFT
@TheStonedFrogs
@UbikNFT
@thesmophoria_
@oogyNFT Ooze
@CrashOutIO
@subberxyz K3Y
@toonies_art
@MatricaLabs Pixels
@honeydefi Genesis Bee

Twitter Space

Education

We continue educating & onboarding more users to Bonds, the most flexible, scalable and composable lending product on any chain

Design & Development

  • Bugs fixes and speed optimisations for Bonds, Activity feeds and notifications
  • Improvements on new UI just released
  • Bond contract updates & integrations
  • Refinancing
  • Fraktlisting updates
  • Mint UI and smartcontract

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