FRAX (wstETH collateral)
FRAXsource: StableLens reference & flow dataReport incorrect data
Frequently asked
Is FRAX (wstETH collateral) FDIC or SIPC insured?
No. FRAX (wstETH collateral) is a crypto earn product, not a bank deposit — the FRAX is held and deployed by fraxlend, so it is not FDIC- or SIPC-insured and the yield is variable, not guaranteed.
Where does the ~1% yield come from?
FRAX (wstETH collateral) deploys the deposited FRAX to generate the rate; it is variable, not fixed.
Is FRAX safe?
See the FRAX report for its compliance score, reserves, and peg history.
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