DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

“FRAX has an advantage over other LSD platforms at the moment due to their outsized CRV/CVX treasury holdings,” Hal Press, a partner at crypto fund North Rock Digital, said in a tweet this week. “This allows them to stimulate higher ETH staking yield on their staked ETH derivative product than the rest of the market.