SFRAX
Staked FRAX
Staked FRAX
SFRAX
Staked FRAX Price Converter
Staked FRAX Information
Staked FRAX Markets
About Staked FRAX
Staked FRAX (sFRAX) is a staking mechanism in the Frax Protocol, allowing FRAX stablecoin holders to earn yield. It operates under the ERC-4626 standard and aims to align its yield with the US Federal Reserve's IORB rate. The product was developed by the Frax Protocol team, led by founder Sam Kazemian.
Staked FRAX (sFRAX) is a token within the Frax Protocol, a decentralised finance (DeFi) platform. sFRAX represents a staking mechanism where users deposit their FRAX stablecoins into a vault to earn yield. The vault operates under the ERC-4626 standard, ensuring compatibility and efficiency in tokenised vault strategies. Users who stake FRAX receive sFRAX tokens, which correspond to their proportional share of the vault's deposits and earnings.
Staked FRAX (sFRAX) serves as a yield-bearing instrument for holders of FRAX stablecoins. The protocol generates yield by deploying the deposited FRAX into various DeFi strategies and investments. The generated yield is distributed to sFRAX holders, with the vault aiming to match the annual percentage yield (APY) with the Interest on Reserve Balances (IORB) rate set by the US Federal Reserve, often considered the "risk-free rate" for the US Dollar.
Users can redeem their sFRAX tokens for FRAX stablecoins at any time, based on the current share value of the vault.
Staked FRAX (sFRAX) is a product of the Frax Protocol, which was founded by Sam Kazemian in December 2020.
