October 18, 2022, 3:32PM EDT
• 4 min read
Rapid Insights: Frax's Liquid Staking Strategy
- Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
- Frax Finance, an algorithmic stablecoin protocol, has recently announced the launch of its liquid staking venture.
- This comes after the Ethereum Merge, significantly reducing the costs of running an Ethereum validator node.
- Frax Finance’s pivot could be a critical diversification for its current operations after a potential bill that outlaws “endogenously collateralized stablecoins.”
- Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research