Known as Frax Ether, the liquid staking system, went stay on Oct. 13 in a smooth group launch with an official announcement anticipated quickly. The system has three parts – frax ether (frxETH), staked frax Ether (sfrxETH), and the Frax ETH Minter. Staking refers to locking up cash in a crypto pockets in return for rewards. Liquid staking is the method of locking up funds to earn rewards whereas nonetheless gaining access to the funds locked by way of their liquid spinoff cash.
