Frax Ether

frxeth

Frax Ether (FRXETH) is a decentralized finance (DeFi) digital asset operating within the expansive Frax Finance ecosystem, primarily focusing on the Ethereum ecosystem. As a liquid staking token, FRXETH aims to provide users with a flexible way to participate in Ethereum staking while maintaining liquidity. The broader Frax Finance platform, known for innovations like Frax USD (frxUSD) as an upgrade to the FRAX stablecoin, emphasizes transparency and robust collateral management, as evidenced by real-time balance sheet data for its various assets, including FRAX supply and market cap figures. Frax Ether leverages the foundational principles of this "Made in USA" project, extending its reach across multiple blockchain networks like BNB Chain, Polygon, Fantom, Arbitrum, Moonbeam, Optimism, and Polygon zkEVM, integrating into a diverse Web3 environment. The FRXETH token's utility is rooted in enabling liquid staking for a broad target audience interested in crypto.

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DeFiBNB Chain EcosystemPolygon Ecosystem+9 More

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