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Staked FRAX priceSFRAX
This is a preview page.
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
Do you own this project?
- Total supply
- 64.15M SFRAX
- Circulating supply
- 64.15M SFRAX
Max. supply
--
Staked FRAX community
About Staked FRAX
Staked FRAX (sFRAX) is an ERC4626 staking vault that distributes part of the Frax Protocol yield weekly to stakers denominated in FRAX stablecoins. The sFRAX token represents pro rata deposits within the vault and is always withdrawable for FRAX stablecoins at the pro rata rate. sFRAX APY attempts to roughly track the interest on reserve balances (IORB) rate of the United States Federal Reserve using the IORB oracle. This benchmark rate is generally accepted as the “risk-free rate” of the US Dollar. The FRAX staking vault attempts but does not guarantee, in any way, to target this rate.
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