Quick TakeRapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.Frax Finance, an algorithmic stablecoin protocol, has recently announced the launch of its liquid staking venture.This comes after the Ethereum Merge, significantly reducing the costs of running an Ethereum validator node.Frax Finance’s pivot could be a critical diversification for its current operations after a potential bill that outlaws “endogenously collateralized stablecoins.”Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research
