Staked Frax USD (SFRXUSD)

Staked Frax USD (SFRXUSD)

Coin Information

Blockchain icon Blockchain: Staked Frax USD
Ticker icon Ticker: SFRXUSD
Type icon Type: Cryptocurrency

Price Statistics

Fully Diluted Valuation

Coin Supply

Blockchain Explorers

Website

Online icon Online

Extra Links

Social Media & News

Staked Frax USD Price Chart

SFRXUSD to USD Converter

About Staked Frax USD

Staked Frax USD (SFRXUSD) is an innovative addition to the Frax ecosystem, which is renowned for its decentralized stablecoin infrastructure. The Frax Protocol operates with a suite of three stablecoins: FRAX, FPI, and frxETH, each designed to meet specific economic needs within the decentralized finance (DeFi) landscape. Staked Frax USD introduces unique functionalities that enhance the efficiency and utility of Frax stablecoin offerings, promoting a self-sufficient DeFi economy that utilizes these stablecoins as its primary currency.

The Frax ecosystem’s architecture enables SFRXUSD holders to engage in a variety of DeFi activities, benefiting from the protocol’s comprehensive features such as lending, borrowing, and trading through platforms like Fraxswap and Fraxlend. As a staked asset, SFRXUSD offers its users incentives derived from the protocol’s yield-generating mechanisms. The integration across various subprotocols not only enhances liquidity but also enables users to leverage their holdings for further benefits, positioning SFRXUSD as a vital component within the Frax financial ecosystem.

In terms of utility, SFRXUSD is fully backed and functions within a stable and transparent framework, ensuring the stability necessary for a decentralized stablecoin. The innovations of the Frax Protocol, such as the implementation of the Time-Weighted Average Market Maker (TWAMM) and other advanced mechanisms, contribute to the resilience and responsiveness of SFRXUSD in fluctuating market conditions. Overall, Staked Frax USD exemplifies the forward-thinking approach of the Frax ecosystem, emphasizing scalability, trustlessness, and accessibility in the realm of decentralized finance.

Frequently Asked Questions

We currently have no price information of Staked Frax USD SFRXUSD available.
The circulating supply of Staked Frax USD is unknown
The total supply of Staked Frax USD is unknown.
The max supply of Staked Frax USD is unknown.
Unfortunately the country of Staked Frax USD is unknown.
Staked Frax USD is a cryptocurrency running on its own blockchain.
Staked Frax USD reached an all-time-high of USD on .

Github Statistics (Development)

SFRXUSD Markets on Crypto Exchanges

RankExchangePairVolume (24h)PriceVolume (24h)PriceVolume (24h)PriceVolume (%)Updated
Processing Data...

X Feed (Twitter)

geel200x200-3.png

Stay in the loop. Subscribe for updates.

Get crypto news and the latest updates about our platform straight to your inbox.

Video

Get verified

Advertise 📣

Are you looking to advertise? We offer press release publications, display banners, featured listings and more.

Contact us for questions, submit a PR or request our media kit.

Top Gainers

Top Losers

Advertise

Are you looking to advertise? We offer press release publications, display banners, featured listings and more.

Contact us for questions, submit a PR or request our media kit.

This is the heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis