Hello everyone, I have 100$ worth of ETH that I

Question

Hello everyone, I have 100$ worth of ETH that I

want to stack into frax if I don't get answers to my question I will take my fortune somewhere else!!!!
Jokes aside have some questions regarding sfrxETH
1) do I have to stack frxETH or I can buy sfrxETH on secondary market and just hold it?
2) Is the interest compounded and included in sfrxtETH?

#cryptocurrency #english #frax

0

05.10.2023

6 ответов

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Mephisto Автор вопроса

Andy - IQ & Frax Finance 🧠 (Slow Replies @ T2049)
1. You have to stake frxETH for sfrxETH 2. sfrxE...

so for the 2nd point, the interest is being continually added to the principal amount right?

0

05.10.2023

Jae | Built On Fraxtal

Mephisto
so for the 2nd point, the interest is being contin...

Yes ser, the amount of sfrxETH will stay the same, but the price of the token will rise as time goes on

0

05.10.2023

Mephisto Автор вопроса

thanks both of you for the answer, so once stacked, I can't touch or move my sfrxETH right? Otherwhise I will be able to buy it on secondary market? Currently, for the stacking of ETH what chains are supported?

0

05.10.2023

Wa (¤³, ¤³) | I won't PM you first

Mephisto
thanks both of you for the answer, so once stacked...

You can move it yes.

0

05.10.2023

Mephisto Автор вопроса

Wa (¤³, ¤³) | I won't PM you first
You can move it yes.

so I don't have to stack it at that point, I can just buy it on a secondary market, hold it on my wallet and earn interest?

0

05.10.2023