[Frax Finance launches sFRAX, a pledged vault based on U.S. Treasury bonds] According to Odaily Planet Daily, Frax Finance recently launched sFRAX, a pledged vault based on U.S. Treasury bonds, and also launched a bond product that will be converted into FRAX’s stable currency upon maturity. Frax founder Sam Kazemian said users will be able to deposit funds into sFRAX and earn a 10% rate of return, which will then gradually drop to approximately 5.4%, the Federal Reserve’s current IORB rate. How will this move affect the market? Welcome to leave a message and discuss in the comment area! 😉(BlockWorks)