About
sfrxUSD (Staked Frax USD) is a yield-bearing stablecoin issued by Frax Finance, representing a staked version of frxUSD, a stablecoin pegged to the USD. frxUSD is fully backed by US dollars deposited at custodians, while the sfrxUSD generates yield through the Frax ecosystem’s yield strategies, including the RWA yield sources, carry trades, market and DeFi operations. It aims to provide auto-compounding returns.
Categories
Algorithmic Strategy
Crypto Backed
Delta Neutral
Managed Strategy
RWA Backed
Treasuries Backed
YBS Wrapper
Risks
Assets Stored Offchain
Cost Bleed
Counterparty Risk
Custodian Risk
Defi Hacks
Gas Network Risks
Governance Dao Risk
Liquidations Oracle Issues
Misallocation Risk
More information about the risks and mechanisms for this asset will soon be added. Follow us on Twitter to stay updated on this and other assets.
Historical Data
APY/Benchmarks History
TVL/YPO History
Key Metrics
TVL
$33.06M
+7.42%7d
Price
$1.15APY
7d APY
12.04%30d APY
7.83%YPO
7d$84.38K
30d$195.34K
All Time$725.29K
YBS BackingYes