Frax Ether token
Overview
Frax Ether (frxETH) is a liquid staking token issued by the Frax protocol. It represents staked Ethereum and accrues staking rewards, allowing users to earn yield while maintaining liquidity in DeFi applications. frxETH is soft-pegged to ETH through market mechanisms and protocol design.
Within the DeFi Intel graph, Frax Ether connects to 4 tracked entities, most strongly to Frax, Frax Finance, Ethereum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
backed_by | Frax | 90% |
issued_by | Frax Finance | 90% |
deployed_on | Ethereum | 85% |
governs | Frax Finance | 85% |
Frequently asked questions
What is Frax Ether?
Frax Ether (frxETH) is a liquid staking token issued by the Frax protocol that represents staked Ethereum and accrues staking rewards.
What chain is Frax Ether deployed on?
Frax Ether is deployed on the Ethereum blockchain.
How does Frax Ether maintain its peg to ETH?
Frax Ether is soft-pegged to ETH through market mechanisms and protocol design.