Frax Staked frxUSD sfrxusd
$1.20
+0.93% (24h)
+0.93%
24h
+0.98%
7d
+1.33%
30d
Price Chart
Market Stats
Market Cap
$31.73M
24h Volume
$45,862
Circulating Supply
26,464,090.528
Total Supply
26,465,787.794
All-Time High
$1.26
All-Time Low
$1.06
About Frax Staked frxUSD
Staked Frax USD (sfrxUSD) is the yielding stablecoin implemented as an ERC4626 token. sfrxUSD is fully redeemable for frxUSD at an increasing rate proportional to the yield mechanism (described below). sfrxUSD is not rebasing and can always be redeemed for the underlying frxUSD with no unstaking fee or price impact. sfrxUSD is unique in yielding design in that it targets a benchmark-rate strategy that alternates between the best of three governance-approved strategies: carry-trade, algorithmic market operations (AMOs), and the Interest on Reserve Balances/T-Bill (IORB) rate. This insures that sfrxUSD’s APY is the most competitive yield onchain.
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