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Frax Staked Ether news
About Frax Staked Ether
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.
The live Frax Staked Ether price today is $3,467.35 USD with a 24-hour trading volume of $2,590,289 USD. We update our SFRXETH to USD price in real-time. Frax Staked Ether is up 3.26% in the last 24 hours. The current CoinMarketCap ranking is #2486, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.