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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.
The live Staked FRAX price today is $1.13 USD with a 24-hour trading volume of not available. We update our SFRAX to USD price in real-time. Staked FRAX has no change in the last 24 hours. The current CoinMarketCap ranking is #9525, with a live market cap of $76,181,828 USD. It has a circulating supply of 67,677,205 SFRAX coins and the max. supply is not available.