Staked Frax USD
Staked Frax USD Basic Information
Symbol: SFRXUSD
Price: $1.1500
Volume: $473,728
Market Cap: $33,008,032
Fully Diluted Value: 33,008,032
Short Term Beta: For Premium Users Only
Beta: For Premium Users Only
Futures Curve: For Premium Users Only
Total Supply: 28,748,217
Type: Crypto Token
Staked Frax USD Trading Chart
Staked Frax USD on Exchanges
Learn more about Staked Frax USD
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.