Frax Finance - Frax Ether. Price of cryptocurrency: $ 3,429.16908418

There are people in this picture Frax Ether is one of the three primary components of the Frax Ether system. There are people in this picture FrxETH is a stable coin pegged to ETH and is part of the Frax platform. There are people in this picture The version of FrxETH that has a staking yield is called sfrxETH. Frax ether validators' profit is distributed to sfrxETH holders. There are people in this picture Frax ETH Minter allows the exchange of ETH for FrxETH, spinning up new validators when possible, and minting new FrxETH equal to the amount of ETH sent. There are people in this picture There are people in this picture The amount of FrxETH in circulation matches the amount of Frax ETH in the system. An equivalent amount of frxETH is created when ETH is sent. 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. 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.