Frax Staked frxUSD

SFRXUSD Price

About Frax Staked frxUSD (sfrxUSD)

Frax Staked frxUSD (sfrxUSD) is a yield-bearing stablecoin that allows users to earn interest on their digital dollar holdings through a diversified institutional-grade strategy.

• The token serves as a liquid representation of staked frxUSD, capturing protocol yield while remaining fully redeemable.
• It utilizes an ERC4626 standard to ensure seamless integration across decentralized finance (DeFi) lending and liquidity protocols.
• The asset targets the most competitive risk-adjusted returns by dynamically rotating between carry-trades, algorithmic operations, and sovereign debt instruments.

What Is Frax Staked frxUSD

Frax Staked frxUSD is the primary yield-capture vehicle for the Frax USD ecosystem. It is designed as a non-rebasing token, meaning its value relative to the underlying frxUSD increases over time as yield is accrued, rather than increasing the quantity of tokens in a user's wallet. This mechanism ensures that users can redeem their sfrxUSD for a progressively larger amount of the underlying stablecoin.

Value moves through the system by aggregating the rewards generated from the protocol's Benchmark Yield Strategy (BYS). The token is 'put to work' by being held in the sfrxUSD vault, which then allocates the underlying capital into various yield-generating venues. This model scales with the growth of the ecosystem, as larger capital pools allow the protocol to access a broader range of institutional and decentralized yield sources.

What Makes Frax Staked frxUSD Unique

• Dynamic Yield Optimization: Unlike many stablecoins that rely on a single source of revenue, sfrxUSD automatically rotates capital to the highest-yielding governance-approved strategy.
• Institutional-Grade Backing: The underlying frxUSD is backed by tokenized U.S. Treasury funds through partnerships with major financial entities like BlackRock and Superstate.
• Zero-Impact Redemption: The protocol is designed to allow redemptions for the underlying asset without unstaking fees or price impact, maintaining high liquidity for holders.
• ERC4626 Compatibility: By adhering to the standard for yield-bearing vaults, it ensures immediate compatibility with a wide array of DeFi 'money legos'.

What Can You Use Frax Staked frxUSD for?

Frax Staked frxUSD is pegged to the US Dollar and serves several key functions within the digital asset market:

1. Value retention: The asset provides users with an on-chain representation of the US Dollar, designed to reduce exposure to the volatility inherent in the broader cryptocurrency market.
2. Yield generation: Holders earn yield sourced from a combination of carry-trades (such as Ethena), DeFi lending (Aave, Fraxlend), and RWA strategies holding short-dated United States Treasury Bills through partners like BlackRock and FinresPBC.
3. Cross-border settlement / value transfer: It facilitates the international transfer of US Dollar value, leveraging blockchain technology for frictionless global trade and remittances.
4. Collateralization: The token is used as high-quality collateral within borrowing and lending protocols or as margin for decentralized derivatives, as supported by its integration into the broader DeFi ecosystem.

How Does Frax Staked frxUSD Work?

The technical core of sfrxUSD is the Benchmark Yield Strategy (BYS). This system manages the allocation of all frxUSD staked in the yield vault. If carry-trade yields are superior, capital is directed to those venues; if decentralized lending rates are higher, it utilizes Algorithmic Market Operations (AMOs) on platforms like Curve and Convex. When sovereign debt offers the best risk-adjusted return, the protocol allocates capital to Real World Asset (RWA) strategies holding Treasury Bills.

As an application utility token, users pay protocol service fees when interacting with certain ecosystem features, though the primary value proposition is the passive accumulation of yield within the vault structure. The system employs a non-rebasing ERC4626 vault, where the exchange rate of sfrxUSD to frxUSD increases as rewards are harvested and reinvested.

Team Info and Investors

Frax Staked frxUSD is a product of Frax Finance, a decentralized protocol governed by the Frax DAO. The project was founded by Sam Kazemian and has established major strategic partnerships with institutional players including BlackRock and Securitize for its Treasury-backed initiatives. Governance is handled through the Frax DAO, where token holders can submit and vote on proposals regarding new yield strategies and protocol parameters.

Where can you buy Frax Staked frxUSD?

SFRXUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Frax Staked frxUSD is Curve (Ethereum), where the most active trading pair SFRXUSD/FRXUSD has a trading volume of $2,103,080.12 in the last 24 hours.

What is the daily trading volume of Frax Staked frxUSD (SFRXUSD)?

The trading volume of Frax Staked frxUSD (SFRXUSD) is $2,140,937.98 in the last 24 hours, representing a 18,481.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Frax Staked frxUSD (SFRXUSD)?

Frax Staked frxUSD (SFRXUSD) reached an all-time high of $1.26 and an all-time low of $1.06. It’s now trading -4.90% below that peak and 13.60% above its lowest price.

What is the market cap of Frax Staked frxUSD (SFRXUSD)?

Market capitalization of Frax Staked frxUSD (SFRXUSD) is $32,518,282 and is ranked #544 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SFRXUSD tokens (27 Million tokens are tradable on the market today).

What is the fully diluted valuation of Frax Staked frxUSD (SFRXUSD)?

The fully diluted valuation (FDV) of Frax Staked frxUSD (SFRXUSD) is $32,518,282. This is a statistical representation of the maximum market cap, assuming total number of 27 Million ETH tokens are in circulation today.

How does the price performance of Frax Staked frxUSD compare against its peers?

With a price decline of -0.10% in the last 7 days, Frax Staked frxUSD (SFRXUSD) is underperforming the global cryptocurrency market which is up 0.80%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Frax Staked frxUSD (SFRXUSD) to MetaMask?

Adding Frax Staked frxUSD (SFRXUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SFRXUSD as a token. You can copy SFRXUSD’s contract address (0xcf62f905562626cfcdd2261162a51fd02fc9c5b6) and import it manually, or if you've installed MetaMask's chrome extension, add SFRXUSD to MetaMask with one click on CoinGecko.

Add SFRXUSD to MetaMask.