Summary
Ketju does not approve the Fraxtal bridge balance as a client position: Fraxtal depends on a permissioned sequencer, upgradeable Ethereum bridge proxies, a data-availability module that the Frax team built, and a seven-day withdrawal. DefiLlama’s entry measures assets locked for an OP Stack rollup, and Fraxtal offers no yield product. Official materials describe validator security as a future plan, and no permissionless replacement is live. A separate Ketju chain grade must first show an enforceable withdrawal window and limits on emergency powers.
Review triggers
- Ketju publishes a sourced chain grade for Fraxtal with no open review trigger that blocks approval
- Permissionless fault proofs and forced inclusion go live, and an Ethereum withdrawal at the proposed size completes without the sequencer’s cooperation
- Every regular upgrade has an enforceable on-chain delay of at least 7 days, and independent limits bound emergency powers
- The production data-availability mechanism and its recovery process become independently verifiable
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Ethereum, Fraxtal
- Reviewed
- Last confirmed