SFRXUSD is a yield-bearing stablecoin in the Frax ecosystem, pegged to USD and fully redeemable for FRAX.
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Staked Frax USD (SFRXUSD) is a yield-bearing stablecoin pegged to the US dollar. Built on the Frax ecosystem, it allows users to earn interest while maintaining price stability. It's an ERC4626 token, fully redeemable for FRAX without fees or price impact. The yield strategy employs carry-trade, AMOs, and IORB rates for competitive APY.
As of now, Staked Frax USD is trading at 1.129291 USD, with a 24-hour trading volume of approximately 0 USD. The SFRXUSD to USD price is updated in real time. Over the past 24 hours, Staked Frax USD has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 16.20M USD. Currently, there are 14 348 588 SFRXUSD in circulation out of a maximum supply of 14 348 588 SFRXUSD.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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