Frax Finance Frax Ether

About Frax Finance Frax Ether

Frax Finance Frax Ether (FRXETH) is a liquid staking derivative token built on the Ethereum network and issued by the Frax Finance protocol. It allows users to stake ETH while maintaining liquidity, with each FRXETH backed by at least one ETH held in validator nodes at all times. Unlike conventional staking, FRXETH can be further deployed into the Frax ecosystem to earn additional yield through sfrxETH, the staking vault counterpart. It integrates closely with Frax Finance's broader suite of decentralized finance products, including its stablecoin infrastructure and liquidity mechanisms.