The memo
REJECTED. The worklist entry measures assets locked for an OP Stack rollup, not a yield product. Fraxtal currently depends on a permissioned sequencer, upgradeable Ethereum bridge proxies, a Frax-team data-availability module, and a seven-day ordinary L2 withdrawal; official materials describe future validator security rather than a live permissionless replacement. Until a separate chain grade proves an enforceable exit window and bounds emergency authority, the bridge balance is rejected as a client position.
What would reopen the file
- Fraxtal receives a sourced Ketju chain grade with no active rejection criterion
- Permissionless fault proofs and forced inclusion are live and a proposed-size Ethereum exit completes without sequencer cooperation
- Every regular upgrade has an enforceable on-chain delay of at least 7 days and emergency authority is independently bounded
- The production data-availability mechanism and recovery path become independently verifiable
Facts on file
- Verdict
- Rejected
- Exposure
- other
- Chains examined
- Ethereum, Fraxtal
- Memo version
- v1
- Reviewed
- Next review