diff --git a/MEV_and_trading/staking/Frax.md b/MEV_and_trading/staking/Frax.md
new file mode 100644
index 0000000..a94e033
--- /dev/null
+++ b/MEV_and_trading/staking/Frax.md
@@ -0,0 +1,18 @@
+## [frax finance]()
+
+<br>
+
+### tl; dr
+
+<br>
+
+* total eth staked ~128k
+* q1/23 stats: inflow of 82k eth, market share gone to 1.6%, fees generated: $1.7m, $FXSUSD +122%
+* frax offes the highest staking apr via their dual token model with frxETH and srfxETH
+* frax v3 is about making $FRAX safe, being pegged directly to USD (rather than stablecoins)
+
+<br>
+
+---
+
+### resources