The sFRAX staking vault utilizing U.S. Treasury yields under Frax Finance has been launched

ChainCatcher news, the staking vault sFRAX under Frax Finance that utilizes U.S. Treasury yields has been launched, with a total supply of sFRAX reaching 4,655,361 tokens and an annual yield of approximately 10%.

According to previous reports, Frax Finance will launch the staking vault sFRAX that utilizes U.S. Treasury yields, allowing users to deposit funds into sFRAX and earn a yield of 10%, which will then shrink to the current IORB rate of the Federal Reserve, around 5.4%.