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If there is a staking requirement, can the APR still

be higher compared to frxETH v1?

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It will be hard but I think it’s possible. Or at least it will be very close to it. Likely a bit higher than frxETH v1. That’s because the market set interest rate should encourage the most efficient and profitable node operators to run validators. If they’re better than us at running them, then they can afford to pay a higher interest rate to sfrxETH holders.

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