Update
FXTL Conversions Postponed
FXTL conversions have been formally postponed without reason. Governance resolution FIP-440 set specific milestones for FXTL conversions to occur, including FRAX price reaching $10, Fraxtal chain TVL reaching $500 million, or frxUSD total supply reaching $1 billion. These milestones have not been met yet, so no weekly FXTL burns or FRAX conversion emissions are happening. FXTL continues as the main incentive mechanism for Fraxtal activity and ecosystem growth.