Rank: 162
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sfrxETH Price
Contracts/Explorers:
Ethereum
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sfrxETH is a ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators
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's current price is $ 3,390, it has increased +0.35% over the past 24 hours.
Staked Frax Ether's All Time High (ATH) of $ 4,815 was reached on 14 Mar 2024, and is currently -29.6% down.
The current circulating supply of Staked Frax Ether is 147.91 Thousands tokens, and the maximum supply of sfrxETH is unlimited.
Staked Frax Ether’s 24 hour trading volume is $ 973.88 Thousands.
Staked Frax Ether's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 501.43 Million.
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