About SFRXETH
sfrxETH is a Liquid Staking Derivative stablecoin by Frax Finance.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.
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Frequently Asked Questions
What is the all-time high price of Frax Staked Ether (SFRXETH)?
Read MoreThe all-time high of SFRXETH was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Frax Staked Ether (SFRXETH) is 0. The current price of SFRXETH is down 0% from its all-time high.
How much Frax Staked Ether (SFRXETH) is there in circulation?
Read MoreAs of
, there is currently 90,732.53 SFRXETH in circulation. SFRXETH has a maximum supply of 0. What is the market cap of Frax Staked Ether (SFRXETH)?
Read MoreThe current market cap of SFRXETH is 259.15M. It is calculated by multiplying the current supply of SFRXETH by its real-time market price of 2,856.22.
What is the all-time low price of Frax Staked Ether (SFRXETH)?
Read MoreThe all-time low of SFRXETH was 0
, from which the coin is now up 0%. The all-time low price of Frax Staked Ether (SFRXETH) is 0. The current price of SFRXETH is up 0% from its all-time low. Is Frax Staked Ether (SFRXETH) a good investment?
Read MoreFrax Staked Ether (SFRXETH) has a market capitalization of $259.15M and is ranked #241 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Frax Staked Ether (SFRXETH) price trends and patterns to find the best time to purchase SFRXETH.