News Formal

Frax Finance's Fed Yield-Matching Staking Vault Attracts $30M, FXS Steady

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

Frax's governance token FXS is in stasis as the decentralized finance protocol's nascent high-yielding staking product draws millions in investor money.sFRAX, an ERC4626 staking vault allowing holders of the protocol's partially collateralized fractional-algorithmic stablecoin FRAX to earn yields matching the U.S. Federal Reserve's

FXS' price rose 7% to $5.66 on Thursday, but has since pulled back to $5.49 to indicate a 0.5% gain on a 24-hour basis, CoinDesk data show. The steady price action is consistent with the continued low-volume range play among market leaders bitcoin and ether.The new offering comes as lending protocol MakerDAO enjoys a first-mover advantage in capitalizing on high interest in the U.S.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 291. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Investors shun high-yield debt ETFs despite gains as broader bond market stumblesJunk bond ETFs fell Thursday after the latest inflation report, but have gains this year on a total return basis
ソース: MarketWatch - 🏆 3. / 97 続きを読む »