DeFi Service Frax Finance Features Momentum Amid Ether Staking Narrative, FXS in Focus

by Jeremy

The draw of capital into Frax’s ether swimming pools has resulted in demand for FRAX and FXS tokens, with costs of the latter rising over 62% previously week as per CoinGecko. And since some liquidity swimming pools pay out in FXS, the value rise theoretically means greater rewards for stakers – which, in flip, may drive extra ether in direction of Frax, and drive much more demand for Frax’s tokens amongst customers.

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