sfrxETH token
Overview
sfrxETH is a yield-bearing token representing staked frxETH in the Frax Finance ecosystem. It accrues staking rewards from Ethereum validators by increasing in value relative to frxETH over time. Users deposit frxETH to mint sfrxETH and earn staking yield through Frax's validator set.
Within the DeFi Intel graph, sfrxETH connects to 2 tracked entities, most strongly to Ethereum, Frax Ether.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
supports_token | Frax Ether | 95% |
Frequently asked questions
What is sfrxETH?
sfrxETH is a staked version of frxETH, Frax's liquid staking derivative. It automatically compounds Ethereum staking rewards by appreciating against frxETH.
How does sfrxETH differ from frxETH?
frxETH is a non-rebasing stablecoin pegged to ETH, while sfrxETH is a yield-bearing token that increases in value relative to frxETH as staking rewards accumulate.
What are the risks of holding sfrxETH?
Risks include slashing penalties from Frax's validators, depegging of frxETH, and smart contract vulnerabilities in the Frax protocol.
What is sfrxETH connected to?
In the DeFi Intel knowledge graph, sfrxETH is linked to 2 other tracked entities, most strongly to Ethereum, Frax Ether.
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