SFRXETH
Frax Staked Ether
$1,988.24
0.00%
Frax Staked Ether
SFRXETH
$1,988.24
0.00%
Frax Staked Ether Price Converter
Frax Staked Ether Information
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About Frax Staked Ether
Frax Staked Ether (sfrxETH) is a liquid staking derivative token developed by Frax Finance, representing staked ETH and accruing staking rewards over time. Operating as an ERC-4626-compliant vault token, sfrxETH allows users to earn staking yield while maintaining liquidity for participation in various DeFi activities. The protocol is governed by the Frax community through the Frax Share (FXS) token.
Frax Staked Ether (sfrxETH) is a liquid staking derivative token developed by Frax Finance on the Ethereum blockchain. It represents staked Ether (ETH) within the Frax ecosystem and is designed to accrue staking rewards over time. sfrxETH operates as an ERC-4626-compliant vault token, allowing users to earn staking yield without directly managing validator infrastructure.
sfrxETH serves multiple purposes within the decentralized finance (DeFi) ecosystem:
Staking Rewards: By holding sfrxETH, users earn a share of the staking rewards generated by Frax's Ethereum validators. The value of sfrxETH increases over time relative to frxETH, reflecting the accumulated rewards.
Liquidity: sfrxETH provides liquidity to staked ETH, enabling users to participate in DeFi activities such as lending, borrowing, and trading while their assets continue to earn staking rewards.
sfrxETH was created by Frax Finance, a decentralized finance protocol known for its algorithmic stablecoin system. The Frax team developed sfrxETH as part of their broader Frax Ether system, which includes frxETH (a stablecoin pegged to ETH) and the Frax ETH Minter. The protocol is governed by the Frax community, with decisions made through governance mechanisms involving the Frax Share (FXS) token.
