Staked Frax USD SFRXUSDPrice $ 1.13

Staked Frax USD (SFRXUSD) is a stablecoin that offers a yield mechanism, allowing users to earn interest while maintaining the stability of a dollar-pegged asset.

Overview

• Stablecoin Nature: SFRXUSD is built on the Frax stablecoin ecosystem, which is a crypto-collateralized stablecoin pegged to the US dollar.

• Yield Mechanism: It is designed as an ERC4626 token, fully redeemable for Frax USD (FRAX) without unstaking fees or price impact. The yield strategy alternates between carry-trade, algorithmic market operations (AMOs), and the Interest on Reserve Balances/T-Bill (IORB) rate to ensure competitive APY.