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Staked FRAX Overview
Circulating Supply
56.47M SFRAX
Staked FRAX News
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About Staked FRAX
Staked FRAX (sFRAX) is a staking mechanism in the Frax Protocol, allowing FRAX stablecoin holders to earn yield. It operates under the ERC-4626 standard and aims to align its yield with the US Federal Reserve's IORB rate. The product was developed by the Frax Protocol team, led by founder Sam Kazemian.
Staked FRAX (sFRAX) serves as a yield-bearing instrument for holders of FRAX stablecoins. The protocol generates yield by deploying the deposited FRAX into various DeFi strategies and investments. The generated yield is distributed to sFRAX holders, with the vault aiming to match the annual percentage yield (APY) with the Interest on Reserve Balances (IORB) rate set by the US Federal Reserve, often considered the "risk-free rate" for the US Dollar.
Users can redeem their sFRAX tokens for FRAX stablecoins at any time, based on the current share value of the vault.
Staked FRAX (sFRAX) is a product of the Frax Protocol, which was founded by Sam Kazemian in December 2020.
Staked FRAX Markets
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Staked FRAX Platforms
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