Frax Staked Ether. Price of cryptocurrency: $ 3,708.18271044

Frax Finance has a stable coin called sfrxETH. There are people in this picture The vault is designed to accrue the staking yield of Frax ETH validators. Users can earn staking yield on their FrxETH by depositing it into the vault. There are people in this picture As rewards are added to the vault the exhange rate increases. You can split the staking rewards between holders of the same amount of the vault'sfrxETH if you hold a % claim on an increasing amount of the vault'sfrxETH.