Have some questions about sfrxETH and frxETH: with sfrxETH is there

Question

Have some questions about sfrxETH and frxETH: with sfrxETH is there

a force withdraw mechanism? i.e. after shanghai withdraws are enabled, is there a way through the protocol to exchange sfrxETH for frxETH?

with frxETH, is there a burn mechanism like with frax where it can be traded back to the protocol with some fxs to get ETH back? or is the only redemption mechanism through the curve pool?

last, is there any info posted about the validators and staking set up of the ETH validators underlying sfrxETH? is there slashing insurance or similar? what other info is available on how those validators are being run and managed that can give an idea of the risks. thanks!

#cryptocurrency #english #frax

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19.12.2022

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Szarky

Andy - IQ & Frax Finance @ TBW 13-18
Hopefully this helps: #1. After Shanghai, you sho...

Just to confirm, for now(I thought estimates were for Q2-Q3 for Shanghai) we can go sfrxETH to frxETH, but not frxETH to ETH. To go to ETH, Curve pool needed with some sort of fee? Would be surprised if it was 1:1(no fee). To go to ETH through Frax, have to wait for Shanghai?

0

20.12.2022

Andy - IQ & Frax Finance @ TBW 13-18 · Accepted Answer

Hopefully this helps: #1. After Shanghai, you should be able to swap frxETH back to ETH. You are currently able to unstake sfrxETH and swap it back to frxETH on Frax. You would have to use Curve for this. Staked ETH cannot be withdrawn yet until the Shanghai upgrade. #2: I don’t believe so, not at the moment. #3. Regarding validators: https://docs.frax.finance/frax-ether/technical-specifications Slashing Insurance Fund: 2% goes into a fund to cover potential slashing events/unforeseen penalties to cover frxETH deposits to effectively keep frxETH overcollateralized at over 100% CR to cover any possible issues/losses. Source: https://gov.frax.finance/t/fip-122-frxeth-protocol-fee-structure/1894

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Have some questions about sfrxETH and frxETH: with sfrxETH is there

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