SFRXETH

Frax Staked Ether price 
SFRXETH

$3,467.35  

3.26% (1d)

Frax Staked Ether to USD Chart

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Frax Staked Ether statistics
Market cap
 

0.00%

$78,230,655
#2486
Volume (24h)
 

1635.76%

$2,590,289
#750
Volume/Market cap (24h)
 
3.31%
Self-reported circulating supply
 
22,562 SFRXETH
Total supply
 
0 SFRXETH
Max. supply
 
--
Fully diluted market cap
 
$0
SFRXETH to USD Converter
SFRXETH
USD
Price performance
24h 
Low
$3,357.82
High
$3,468.18
All-time high
Apr 20, 2023 (10 months ago)
$4,362.39
-20.52%
All-time low
Jan 10, 2023 (a year ago)
$1,338.48
+159.05%
See historical data
Popularity
In watchlists174x
8168th / 8.9K
Self-Reported Tags
Ethereum EcosystemBNB Smart ChainPolygon EcosystemShow all
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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.

 
 
 
 
 
 
 
 
 
 

Frax Staked Ether analytics

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