Staked Frax Ether (sfrxETH)
by Frax — https://frax.finance
Frax uses a novel dual-token model: frxETH (ETH-pegged stablecoin) and sfrxETH (yield-bearing ERC-4626 vault). This design isolates liquidity concerns from yield accrual. 10% fee on staking rewards (8% treasury, 2% slashing coverage).
Current Stats (Feb 27)
TVL
$122,796,095
Peg
-0.385%
APY (rolling averages)
3.22%
30d
30d
3.06%
60d
60d
3.32%
90d
90d
3.28%
1y
1y
Exchange Rate
1.151298
APY History
Peg Deviation
TVL Over Time
Exit Slippage Over Time
DEX Slippage by Trade Size
Exit Quote Details
| Trade Size | ETH Received | Slippage | Best Route |
|---|---|---|---|
| 1 ETH | 1.1467 ETH | 0.40% | Curve |
| 10 ETH | 11.4653 ETH | 0.41% | Curve |
| 100 ETH | 114.4255 ETH | 0.61% | Curve |
| 1000 ETH | 326.5584 ETH | 71.64% | Curve |
Token Attributes
| Type | Value-Accruing Price appreciates over time |
| Proof of Reserves |
Centralized
Dual-token design separates liquidity (frxETH) from yield accrual (sfrxETH). sfrxETH is an ERC-4626 vault whose exchange rate increases as staking rewards are minted as frxETH into the vault. No external oracle dependency for vault rate. |
| Yield Forwarding | No |
| Decentralization | Semi-Decentralized |
| Contract | 0xac3E018457B222d93114458476f3E3416Abbe38F |
Fees & Withdrawals
| Performance Fee | 10.0% of staking rewards |
| Mint Fee | 0% |
| Redemption Fee | 0% |
| Withdrawal |
Queue Only
Redemption queue: send frxETH to redemption contract, receive NFT receipt. Wait time = entry queue + exit queue + governance delta. Zero redemption fees but must wait through Ethereum exit queue. No instant exit option. |
| Exit Slippage |
1 ETH: 0.40%
10: 0.41%
100: 0.6%
1000: 71.6%
Best route (100Ξ): Curve |