Rapid Insights: Frax’s Liquid Staking Strategy
Quick Take
- 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
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Author: Arnold Toh
