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Staked Frax Ether

Staked Frax Ether sfrxETH Price $ 3,336

Rank: 154

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sfrxETH Price

3,336
4.50%
(-$ 157.09)
Price Range
LowHigh
$ 3,251$ 3,532

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

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

Staked Frax Ether (sfrxETH) Chart

The Staked Frax Ether to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

sfrxETH to USD Converter

Staked Frax Ether (sfrxETH)sfrxETH

sfrxETH Price Statistics

leaderboard

Market Cap

$ 509.57M

FDV

$ 509.57M

ATH Market Cap

$ 932.86M

24 Trade Vol.

$ 229.54K


Vol. (24h) / MCap

0.00045

Total Supply

sfrxETH 152,743

Circulating Supply

sfrxETH 152.75K

(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

30.7%

From ATL

174.3%

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 $ 3,336, it has dropped -4.5% 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 -30.7% down.

The current circulating supply of Staked Frax Ether is 152.75 Thousands tokens, and the maximum supply of sfrxETH is unlimited.

Staked Frax Ether’s 24 hour trading volume is $ 229.54 Thousands.

Staked Frax Ether's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 509.57 Million.

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