Frax proposes to introduce sFRAX to provide passive income similar to DSR
ChainCatcher message, the Frax core team has released the "FIP - 2XX" sFRAX proposal on the governance forum. This proposal plans to introduce Staked FRAX (sFRAX) into the Frax ecosystem, allowing users to deposit FRAX stablecoins into a smart contract (standard ERC-4626) and earn interest (denominated in FRAX stablecoins).
The core team stated that similar to the Dai Savings Rate (DSR) concept, sFRAX focuses on addressing the near-zero duration yield curve of FRAX, providing users with the opportunity to earn FRAX stablecoins while contributing to the growth of FRAX supply. Apart from the deposited and earned FRAX stablecoins, sFRAX does not guarantee any yield on on-chain or off-chain assets or any redemption rights.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
