Frax Ether is a liquid staking derivative created by the Frax Finance protocol. It offers a unique way for users to engage in staking while maintaining liquidity. Each frxETH token is securely backed by at least one ETH held in validator nodes at all times, ensuring stability and trust. This innovative approach allows investors to earn rewards from staking ETH while still having access to their assets. By utilizing frxETH, users can participate in the Ethereum staking ecosystem without sacrificing the flexibility of their investments. Frax Ether is designed to enhance the user experience in decentralized finance, making it easier for participants to engage in staking activities while managing their portfolios effectively. As part of the Frax Finance ecosystem, frxETH contributes to a more liquid and efficient staking environment on the Polygon network.