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Staked Frax Ether sfrxETHPrice $ 5,113
Rank: 204
sfrxETH Price
General Info
Contracts/Explorers:
Ethereum
Staked Frax Ether (sfrxETH) Chart
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sfrxETH
What is Staked Frax Ether (sfrxETH)?
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.
Staked Frax Ether Price Today
Staked Frax Ether's current price is $ 5,113, it has dropped -3.11% over the past 24 hours.
Staked Frax Ether's All Time High (ATH) of $ 6,041 was reached on 27 Feb 2025, and is currently -15.4% down.
The current circulating supply of Staked Frax Ether is 69.40 Thousands tokens, and the maximum supply of sfrxETH is unlimited.
Staked Frax Ether’s 24 hour trading volume is $ 859.91 Thousands.
Staked Frax Ether's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 354.88 Million.
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