Frax Ether is a liquid ETH staking token created within the Frax Finance ecosystem that aims to simplify and improve the process of staking Ethereum. This provides a mechanism for maximizing staking benefits. Frax Ether's design utilizes Decentralized Finance (DeFi) principles, making earning rewards on ETH simpler, more secure, and more intuitive, especially for those unfamiliar with blockchain technology.
You can view, swap, send and receive frxETH tokens directly from your MEW Wallet. To receive your frxETH tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the frxETH token information page. You can send your frxETH tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your frxETH tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.