Crypto Currency

Frax Staked Ether

Bitcoin

Frax Staked Ether

SFRXETH

#10441

$3,618.62 USD

-1.43% (1d)

Market cap

$381.48M

Volume (24h)

$91.01K

FDV

$381.48M

Vol/Mkt Cap (24h)

0.02%

Total supply

$105.42K

Max supply

-

Circulating supply

$105.42K

Infomation

Website

$3.62K

(-0.06%)
Price change 1h

$3.67K

High 24h

$3.62K

(-5.15%)
Price change 7d

$4.09K

High 7D

sfrxETH is a Liquid Staking Derivative stablecoin by Frax Finance.

sfrxETH is a ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators. At any time, frxETH can be exchanged for sfrxETH by depositing it into the sfrxETH vault, which allows users to earn staking yield on their frxETH. Over time, as validators accrue staking yield, an equivalent amount of frxETH is minted and added to the vault, allowing users to redeem their sfrxETH for a greater amount of frxETH than they deposited.

The exhange rate of frxETH per sfrxETH increases over time as staking rewards are added to the vault. By holding sfrxETH you hold a % claim on an increasing amount of the vault's frxETH, splitting staking rewards up among sfrxETH holders proportional to their share of the total sfrxETH. This is similar to other autocompounding tokens like Aave's aUSDC and Compound's cUSDC.

Frax Staked Ether Where can I buy and sell ?
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