What is FRAX STAKED FRXUSD(SFRXUSD)?

Basic information about SFRXUSD

Coin name:

Frax Staked frxUSD

Coin symbol:

Coin introduction:

Staked Frax USD (sfrxUSD) is the yielding stablecoin implemented as an ERC4626 token. sfrxUSD is fully redeemable for frxUSD at an increasing rate proportional to the yield mechanism (described below). sfrxUSD is not rebasing and can always be redeemed for the underlying frxUSD with no unstaking fee or price impact. sfrxUSD is unique in yielding design in that it targets a benchmark-rate strategy that alternates between the best of three governance-approved strategies: carry-trade, algorithmic market operations (AMOs), and the Interest on Reserve Balances/T-Bill (IORB) rate. This insures that sfrxUSD’s APY is the most competitive yield onchain.

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Current Price:

$1.19More coin details

All-time high:

$1.26

All-time low:

$1.056

SFRXUSD Supply Info and Tokenomics

Circulating supply:

25M

Total supply:

25M

Max supply:

Market cap:

$29.895M

Fully diluted valuation:

$29.895M

What is the outlook and future value of SFRXUSD?

The current market cap of SFRXUSD is $29.895M, ranked 921 in the market, showing that the market already recognizes the value of SFRXUSD. When a bull market arrives, the market cap of SFRXUSD may continue to grow.

Moreover, if SFRXUSD can play a greater role in real-world applications—such as if the Monero developers can fully empower SFRXUSD and establish partnerships with more business partners to expand its user base—then the long-term value of SFRXUSD will be further enhanced.

What is the price of SFRXUSD in 2027?

According to the historical price performance prediction model of SFRXUSD, the price of SFRXUSD is expected to reach $1.2495 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get SFRXUSD?

Purchasing SFRXUSD with cash is not the only way to obtain SFRXUSD. If you have enough time, you can get SFRXUSD for free.

Learn how to get Hot rewards for free with SFRXUSD.

Earn free SFRXUSD by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get SFRXUSD airdrops for free.

All crypto airdrops and rewards can be exchanged for SFRXUSD through LBank spot trading.

Buy SFRXUSD starting from $1

What is SFRXUSD used for and how to use it?

The use cases for SFRXUSD may grow with the development of the crypto market and project progress. Currently, you can use SFRXUSD to:

Arbitrage trading of SFRXUSD

SFRXUSD is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many SFRXUSD trading pairs to suit your needs.

Earn yield with SFRXUSD

You can also lend out SFRXUSD or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your SFRXUSD gains.

Send or pay with SFRXUSD

If you want to pay someone with SFRXUSD, you can easily and quickly send SFRXUSD to them using their receiving address.

You can also visit the official website of Frax Staked frxUSD to learn more use cases of SFRXUSD, such as whether the Frax Staked frxUSD project supports community/eco apps or buying physical or virtual goods with SFRXUSD.