Frax Staked frxUSD

SFRXUSD

$1.37

+0.01%

Frax Staked frxUSD price

Not enough price history for this period yet.

Where to buy

Finst

Finst

€20 free Bitcoin

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Bitvavo

Bitvavo

€10K fee-free trading

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Buy Frax Staked frxUSD with iDEAL or Wero

Buy Frax Staked frxUSD easily with iDEAL or Wero through regulated exchanges that comply with European crypto legislation (MiCA). The exchanges below hold the required licences and are supervised by authorities such as the Dutch Authority for the Financial Markets (AFM):

How do I buy Frax Staked frxUSD?

Buying Frax Staked frxUSD through a regulated crypto exchange is straightforward and secure:

  1. Create an account: Sign up with a trusted exchange or broker of your choice.
  2. Verify your identity (KYC): Under EU law, a one-time identity check is mandatory.
  3. Deposit euros: Use your preferred payment method, such as iDEAL or Wero, to fund your account.
  4. Buy Frax Staked frxUSD: Go to the Frax Staked frxUSD page on the exchange and place your order.

Keep in mind that crypto prices are volatile and transaction fees always apply. After your purchase, Frax Staked frxUSD appears in your exchange wallet. You can keep assets there to trade, or withdraw to your own (hardware) wallet for extra security.

Frax Staked frxUSD margin trading

Want more exposure from your position? On exchanges such as Bitvavo you can trade Frax Staked frxUSD on margin. Trading with borrowed assets increases your position size, but the risks are higher: with margin trading you can lose your stake faster than with spot trading.

Frequently asked questions about Frax Staked frxUSD

Answers auto-summarised from live price and sentiment data for Frax Staked frxUSD.

Frax Staked frxUSD (SFRXUSD) is a tokenized representation of staked frxUSD. It allows users to earn yield on their staked frxUSD while maintaining liquidity and the ability to trade the token on secondary markets.

The current price of SFRXUSD is $1.22.

The price of SFRXUSD has changed by +0.24% in the last 24 hours.

The all-time high for SFRXUSD is $1.24.

The current market capitalization of SFRXUSD is $38,167,498.82, ranking it at position 545 globally.

The recent news sentiment for SFRXUSD is neutral (unknown).

While news sentiment can influence short-term price fluctuations, the price of SFRXUSD is primarily driven by the underlying mechanics of the Frax protocol, demand for stablecoins, and broader market conditions.

Last refreshed:

About Frax Staked frxUSD

Frax Staked frxUSD (SFRXUSD) is a token representing the staked version of frxUSD, an algorithmic stablecoin. Its primary objective is to enable frxUSD holders to generate passive income through token staking. Frax Finance, the protocol behind frxUSD and SFRXUSD, was founded by Sam Kazemian and Travis Moore. SFRXUSD's distinctive feature is its status as a "liquid staking" token. This innovative mechanism allows SFRXUSD holders to not only earn staking rewards but also retain the flexibility to utilize their SFRXUSD within other DeFi protocols, all while their underlying frxUSD remains staked. This significantly enhances capital efficiency.

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Latest news on Frax Staked frxUSD

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