CoinVoice has recently learned that on October 10, according to Blockworks, Frax Finance launched sFRAX (also known as staked FRAX), a collateral vault that utilizes U.S. Treasury bond proceeds, and also launched a bond product that will be converted into FRAX's stablecoin upon maturity.

Frax founder Sam Kazemian said users will be able to deposit funds into sFRAX and earn a 10% yield, which will then shrink to about 5.4%, the Federal Reserve’s current IORB rate. [Original link]