Beginners
10 Common Mistakes Every Beginner Crypto Investor Should Avoid
Most crypto losses come from a short list of avoidable errors. Here are the ten that catch beginners again and again, and…
All prices / Frax Staked frxUSD
Frax Staked frxUSDSFRXUSD
Rank #559$1.22▲0.04% in 24 hours
Frax Staked frxUSD price chart
Loading chart
About Frax Staked frxUSD
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.
Categories: Arbitrum Ecosystem, Liquid Staking Tokens, Ethereum Ecosystem.
Other cryptocurrencies
From the blog
Investing
How to Build a Balanced Cryptocurrency Portfolio
Owning ten coins isn't the same as being diversified. Learn how to split your crypto money into core, growth and speculative layers,…
Investing
Crypto Trading vs Long-Term Investing: Which Strategy Is Better?
Should you buy and hold, or try to catch the swings? We compare time, costs, taxes, psychology and results to help you…