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.
Where is Staked Frax USD available for purchase?
You can exchange SFRXUSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Staked Frax USD is Curve (Ethereum), notably the SFRXUSD/SCRVUSD pair, which saw a trading volume of $ 128,967 in the past day. Additionally, Curve (Fraxtal) and Balancer V2 (Fraxtal) are popular alternatives for trading tokens.
What is the highest value Staked Frax USD (SFRXUSD) has ever reached?
Staked Frax USD (SFRXUSD) reached its peak price at 1.21 $ on 18 March 2025, approximately 5 months ago ago. Presently, the current price is -4.95% lower than this all-time high.
What is the historical minimum price for Staked Frax USD (SFRXUSD)?
The minimum price reached for Staked Frax USD (SFRXUSD) was 1.056 $, documented on 28 February 2025, more than 6 months ago. In comparison, the current price is 8.9%, it above this historical low.
What is the fully diluted valuation of Staked Frax USD (SFRXUSD)?
The fully diluted valuation (FDV) of Staked Frax USD (SFRXUSD) stands at $ 37,67 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SFRXUSD tokens. The realization of this FDV might take several years depending on the emission schedule of SFRXUSD tokens.
How to add Staked Frax USD (SFRXUSD) to MetaMask?
By integrating Staked Frax USD (SFRXUSD) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import SFRXUSD as a token. You can either manually import SFRXUSD by copying its contract address (0xcf62f905562626cfcdd2261162a51fd02fc9c5b6) or use MetaMask's Chrome extension to add SFRXUSD with a single click through P.CASH.
How to add Staked Frax USD (SFRXUSD) to TrustWallet?
Incorporating Staked Frax USD (SFRXUSD) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include SFRXUSD, you can either manually import it using the contract address (0xcf62f905562626cfcdd2261162a51fd02fc9c5b6) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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