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Frax Staked frxUSD (sfrxusd) Live Chart

Crypto Rank Name Current Price 24h Price Change Total Supply Circulating Supply
1072
SFRXUSD
Frax Staked frxUSD logo Frax Staked frxUSD SFRXUSD
$ 1.18 -0.01% 20 175 246 20 175 246 X-Ray

Frax Staked frxUSD (sfrxusd)

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.