Гаманець для Frax Ether

What is Frax Ether (FRXETH)?

frxETH is the ETH-denominated token of the Frax ecosystem, minted one for one against ETH that the protocol puts to work with validators. The trap, and it catches people regularly, is that frxETH on its own is deliberately inert: it behaves like a plain ETH stand-in and its balance never grows. Frax routes the validator proceeds to sfrxETH, the vault version, and converting frxETH into sfrxETH is the step that makes a holding interest-bearing. Sitting on frxETH and waiting for something to happen results in nothing happening, by design.

The second thing to keep straight is geography. Ethereum holds the canonical token; the copies on layer 2s and sidechains are bridged representations, each its own contract on its own chain. Same name, same ticker, entirely separate balances, and a contract or counterparty built for one chain's version will not do anything with another's. Minting is one for one from ETH.

Because of that spread across chains, the Tangem app keeps frxETH listed per network with its own balance, and it states which network a transfer is leaving on at signing time. That line is there for you to read - an address can look identical on every EVM chain, and only the recipient knows which one they are watching. Holding a token with this many parallel copies, that per-chain separation is worth having in front of you.

Supported networks in Tangem (8): Arbitrum One, Ethereum, Optimism, Polygon zkEVM, BNB Smart Chain, Polygon POS, Moonbeam, Fantom.