FRAKT Weekly update — 2023 week 21

FRAKT
3 min readMay 31, 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 mint date

The alpha bomb of this week is that the Banx mint date will be communicated THIS WEEK, together with our launch partner!
If you haven’t signed up for Fraktlisting to secure your WL, now would be the time because THE BANX RUN IS ABOUT TO BEGIN 🫰💰🔥

Banx mint

The team is working hard on finalising

  • The Reveal UX/UI
  • The Adventures (Banx staking) UX/UI
  • Generative rules to ensure that 100% of Banx are clean
  • The post-mint surprise growth campaigns & releases. The mint is just the beginning of the FRAKT era 🚀

Refinancing

Refinance is LIVE! At the end of your loan duration, simply extend your loans and receive/repay the difference in debt from your current loan to your new loan!

  • Go to ‘My Loans’ and click ‘Extend’ on the JPEG you want to reborrow
  • Review the new terms and how much you will pay / receive
  • Click ‘Extend’

Protocol owned liquidity

We are slowly deploying our POL in a structured way (with different maximal risk exposures for different collections tiers). We are currently managing it on a daily basis in order to learn how to optimally automate it later on

Growth and marketing

  • Team is working hard on finalising the (pre-)mint marketing campaign with our launch partner 👀 We believe you guys will love it 🔥
  • FRAKT loves to reward community members contributing to its growth! Check out the five active #freemoney campaigns below 🤑
  • Share your Leaderboard rank for 1,000 extra points & a portion of the 100 SOL giveaway 🤑
  • To expand the reach for Fraktlisting ahead of Banx mint, we have created an Allowlist Collab on Subber! If you are a holder of Subber K3Ys, you can head to Subber and boost our Allowlist for max exposure 🔥

Solana Heroes

Banx sneak peak(s)

New peer-to-peer listings

Vibe Knights
Sentries
Alphablock
Degenerate Drop Bears
Liko’s Banana
The Lowlife’s [0.G]
Underground DAO
Honeyland Land
Anon Evolved
Bored Ape Solana Club
Looties
GigaDAO Loot Box
Solsteads Surreal Estate
Crashfaces
Pixel Puffs
Dust City
Solrarity — Rarikeys
Degens
BR1: Ape Operatives
Fake Alpha
Fidelion
Pixel Panda Crew
Founders Coins
DexterLab OG
Scalp Empire Nestor Edition
Doubloons
Pen Friends
SolPunks
Undead Genesis
AGE of SAM
Liberty Square: The Hallowed
Caveworld
DucksVegas
Magic Ticket
Parlay
The Anon Club
Enigma
Vanta

If there are collections you borrow against that we don’t have listed please just let us know in Discord thank you!

Design & Development

  • Released Refinance for P2P loans
  • Released updated liquidations (no more stuck liquidations)
  • Released new UI for Pools
  • Finalising Reveal UX/UI
  • Finalising Adventures (Banx staking) UX/UI
  • Working on notifications improvements so users will have more notifications via Dialect, Telegram, SMS, … together with an overall better stability
  • Working on Lite Lending to be released before Mint
  • Guiding Loans aggregators so they integrate our Bonds contract correctly
  • Bug fixes & infra improvements ahead of launch partner announcement and Mint

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