Staked Frax USD SFRXUSD
SFRXUSD
1.170
$
0.01 %
Change 24h
Market Cap
$ 31,994,143
Volume 24h
$ 1,769,554
Circulating Supply
27,436,181
Total Supply
28,798,789
SFRXUSD
$
| # | Exchange | Pair | Price | Volume 24h |
|---|
Description
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.