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horse-shaped-smyl-

Frax Facts shows sfrxETH dropped sharply down to 6.6% apr.

An effect of all the new staking of frxETH and the eth validator queue?

#cryptocurrency #english #frax
0

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Sam-Kazemian ¤⛓️¤

Yes, over 10% of all frxETH validators are currently in the entry queue and not earning rewards yet until they become active. However, anyone that mints frxETH now can immediately stake it for sfrxETH and start earning yield. So people will keep doing that until sfrxETH APR equals the next highest LSD or our validators go through the queue and start producing blocks, then the APR will shoot back up.

0
18.05.2023

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