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Staked Frax Ether

Staked Frax Ether sfrxETH Price $ 3,792

Rank: 142

30 Watchlists

sfrxETH Price

3,792
0.37%
(-$ 14.21)
Price Range
LowHigh
$ 3,764$ 3,861

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

sfrxETH is a ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators

Staked Frax Ether (sfrxETH) Chart

Staked Frax Ether price Index provides the latest sfrxETH price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

sfrxETH to USD Converter

Staked Frax Ether (sfrxETH)sfrxETH

sfrxETH Price Statistics

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Market Cap

$ 547.76M

Fully diluted value

FDV

$ 547.76M

ATH Market Cap

$ 932.86M

24 Trade Vol.

$ 534.99K


Vol. (24h) / MCap

0.000977

Total Supply

sfrxETH 144,451

Circulating Supply

sfrxETH 144.45K

(100% of Total Supply)

Listing Date

7 Dec 2022

All Time High

$ 4,815

14 Mar 2024


All Time Low

$ 1,216

7 Dec 2022


From ATH

21.2%

From ATL

211.8%

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 $ 3,792, it has dropped -0.37% 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 -21.2% down.

The current circulating supply of Staked Frax Ether is 144.45 Thousands tokens, and the maximum supply of sfrxETH is unlimited.

Staked Frax Ether’s 24 hour trading volume is $ 534.99 Thousands.

Staked Frax Ether's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 547.76 Million.

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