Frax Staked frxUSD
Frax Staked frxUSD Basic Information
Symbol: SFRXUSD
Price: $1.1800
Volume: $1,604,104
Market Cap: $29,362,403
Fully Diluted Value: 29,378,499
Short Term Beta: For Premium Users Only
Beta: For Premium Users Only
Futures Curve: For Premium Users Only
Total Supply: 24,879,926
Type: Crypto Token
Frax Staked frxUSD Trading Chart
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Learn more 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.