We are excited to announce a new partnership between Frax and Concrete — two organizations aligned by a shared conviction: that the future of yield will be systematic, composable, and transparent.

Frax has long been recognized as one of decentralized finance’s most consistent innovators in stablecoin monetary design, liquidity management, and staking. Its ecosystem represents a deep exploration into how native assets can produce native, efficient protocol-level yield.

Concrete provides institutional-grade vault infrastructure: quantitative strategy execution, automated risk management, and transparent performance reporting. Our platform is designed to make yield composable — transforming passive assets into productive capital through diversified, risk-adjusted strategies.

Together, Frax and Concrete are creating the next layer of on-chain yield architecture: where Frax’s monetary primitives meet Concrete’s automated vault framework to deliver efficiency, precision, and scale.

Expanding sfrxETH Utility

This collaboration extends the reach and functionality of sfrxETH, Frax’s yield-bearing ETH derivative, into new institutional and DeFi environments. Concrete’s vault infrastructure will allow sfrxETH holders to access diversified staking and liquidity strategies with seamless allocation, automated rebalancing, and transparent reporting.

The initial integrations will include EigenLayer and Symbiotic, expanding sfrxETH’s role within the restaking economy. These strategies will be executed through Concrete’s risk-controlled architecture, combining the speed and composability of DeFi with institutional standards of governance, auditability, and capital efficiency.

Why Frax:

Our decision to partner with Frax reflects a strategic view of where sustainable yield in DeFi is emerging.

• Structural soundness: Frax’s bifurcated design — separating frxETH (the liquid, pegged token) from sfrxETH (the yield-accruing vault) — isolates liquidity from staking exposure. This creates clarity of risk and enables modular integrations within complex portfolios.
• Best-in-class Yield: sfrxETH as an asset has some of the highest yields for ETH  LSTs. The innovative two-token system allows sfrxETH to receive the underlying ETH staking yield of the unstaked frxETH, supercharging yield.
  
• Native yield generation: Yield within the Frax ecosystem is generated at the protocol layer, derived primarily from Ethereum staking and validator performance. It is not dependent on external borrowing or incentive emissions, a distinction that aligns with our own philosophy of durability over subsidized growth.
  
• Governance discipline: Frax’s design channels a portion of staking returns to protocol reserves and an insurance buffer, reinforcing capital stability while enabling reinvestment in ecosystem growth. This approach to self-funded resilience is rare within DeFi and integral to long-term trust.
  

Frax combines monetary innovation with operational prudence — a balance that allows institutional infrastructure, such as Concrete’s, to engage confidently at scale.

A Shared Vision for Sustainable Yield

Both Frax and Concrete are guided by the belief that the next evolution of DeFi will not be driven by speculation, but by systematic yield mechanisms supported by transparent infrastructure.

Frax has demonstrated that efficient monetary design can anchor liquidity ecosystems at scale. Concrete extends that foundation — creating the management layer that makes those assets productive through quantitative execution, policy-driven rebalancing, and clear attribution of return and risk.

Together, we are building toward a future in which on-chain yield operates with the transparency, composability, and control expected of institutional markets — but with the openness and efficiency that only DeFi can provide.

Looking Ahead

The partnership between Frax and Concrete is not a one-time integration; it is the foundation for a scalable, modular yield ecosystem.

Our joint development roadmap includes deeper interoperability between frxETH and Concrete’s multi-strategy vaults, structured products denominated in Frax assets, and infrastructure to facilitate institutional onboarding.

The future of DeFi yield will be systematic — not speculative.

By combining Frax’s protocol-native assets with Concrete’s institutional infrastructure, we aim to set a new standard for how capital earns, compounds, and operates on-chain.

To learn more:

‍Frax Finance
Concrete