Frax Staked frxUSD
SFRXUSD#543
$1.20
24H +0.2%7D +0.1%30D +0.3%
BLOCKINSIDERLoading| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Curve (Ethereum) | 0XCF62F905562626CFCDD2261162A51FD02FC9C5B6/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 | $24.98K | 0.60% | TRADE | |
| Curve (Ethereum) | 0X57AB1E0003F623289CD798B1824BE09A793E4BEC/0XCF62F905562626CFCDD2261162A51FD02FC9C5B6 | $18.59K | 0.60% | TRADE | |
| Curve (Ethereum) | 0XCF62F905562626CFCDD2261162A51FD02FC9C5B6/0X0655977FEB2F289A4AB78AF67BAB0D17AAB84367 | $9.37K | 0.60% | TRADE | |
| Balancer V2 (Fraxtal) | 0XFC00000000000000000000000000000000000005/0XFC00000000000000000000000000000000000008 | $93.86 | 0.65% | TRADE |
Top 4 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
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..
No comments yet
Be the first to share your take when accounts launch.