Frax Ether
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Protocol TVL
About Frax Ether
Frax Ether is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the Ethereum staking process for a simplified, secure, and DeFi-native way to earn interest on ETH.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Frax Ether's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
TVL represents all the on-chain assets backing frxETH
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Frax Ether codebase lineage and protocol family
Frax Ether is published as a versioned release inside the Frax Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Parent Protocol
Frax Ether is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
Frax FinanceFrax Ether Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Oct 24, 2022Listed on DeFiLlama
Protocol Profile
Frax Ether is a Liquid Staking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed across 2 chains, including Ethereum, Fraxtal. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Frax Ether operates on 2 networks (Ethereum, Fraxtal), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Ethereum, which holds 100% of all assets — other deployments are comparatively small. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.
Official Resources & Links
Verified external resources for Frax Ether — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Liquid Staking protocols on Mantapex
Frax Ether is one of 7 Liquid Staking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Lido, Binance staked ETH, Rocket Pool, and 3 more. These peer protocols collectively secure $35B in deposits, giving you a frame of reference for whether Frax Ether's own TVL is at the top, middle, or tail of the category.
Treasury
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| frax-ether | SFRXETH | 3.15% | $99.4M |
Recent Frax Ether news
Latest reporting from major crypto news outlets covering Frax Ether.
- NewsBTC
Ethereum-Based Frax Finance (FXS) Is Up 64%, Is There Still Opportunity?
In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the…
- The Block
Frax tokens to be natively issued on Noble, expanding into Cosmos ecosystem
Frax Finance is collaborating with Noble to bring Frax tokens from Ethereum to the Cosmos ecosystem, where they will compete with USDC.
- UToday
FXS Price Spikes Over $5 as Ethereum (ETH) Gets Closer to Frax Finance's L2
Frax Finance, the cryptocurrency ecosystem behind one of the most important decentralized stablecoins, FRAX, shared the details of its second-layer solution project. It will merge…
- Crypto Economy
Frax Finance Unleashes Fraxtal: The Next Big Thing in Ethereum Layer 2 Networks
TL;DR Fraxtal Launched: Layer 2 Network for Ethereum, Promising Scalability in DeFi. Innovation with Flox: Block incentive system to drive adoption and active use. Airdrop and…
- The Block
Frax launches Layer 2 network Fraxtal with partner apps
Fraxtal rolled out an Ethereum-compatible optimistic rollup network developed using the OP Stack.
- Crypto Economy
Short-Term Pressure Hits Ethereum Staking as Long-Term Outlook Remains Strong
TLDR Recent Dune Analytics data shows unusual spikes in full withdrawals across leading platforms such as Lido, Binance, and Frax Finance. Despite weekly volatility, the net flow…
- Benzinga
Bitcoin Falls Below $42,000 Following Inflation Data; Frax Share, eCash Among Top Losers
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the $42,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key…
- The Daily Hodl
Seven Under-the-Radar Altcoins Explode 75% or More Over Past Week While Bitcoin and Ethereum Consolidate
A cluster of up-and-coming altcoins are starting the new year with major price breakouts while the top two crypto assets move sideways. Frax Share (FXS) is the governance token…
Related protocols
Other DeFi protocols connected to Frax Ether by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Liquid Staking protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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