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TechFlow reports that the hybrid algorithmic stablecoin protocol Frax Finance will launch its Ethereum liquid staking product within two weeks. This product will allow users to stake ETH and receive the liquid staking token frxETH. However, to earn staking rewards, users must further stake frxETH as sfrxETH. Frax Finance is currently conducting a security audit on this product.Original link
Frax Finance, a hybrid algorithmic stablecoin protocol, will launch its Ethereum liquid staking product on Ethereum in two weeks. The product will allow users to stake ETH and receive the liquid staking token frxETH. However, to earn Ethereum staking rewards, users must further stake frxETH as sfrxETH. Frax Finance is currently conducting a security audit for this product.
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