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 28)
TVL
$124,549,130
Peg
-0.447%
APY (rolling averages)
3.19%
30d
30d
3.05%
60d
60d
3.30%
90d
90d
3.28%
1y
1y
Exchange Rate
1.151364
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 | 1.1464 ETH | 0.43% | Curve |
| 10 ETH | 11.4619 ETH | 0.45% | Curve |
| 100 ETH | 114.3569 ETH | 0.68% | Curve |
| 1000 ETH | 313.6277 ETH | 72.76% | 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: 0.43%
10: 0.45%
100: 0.7%
1000: 72.8%
Best route (100Ξ): Curve |