Frax liquid staking token representing staked ETH in the Frax ecosystem.
frxETHDeFi token
On this page
Price$3,200
Market Cap$400M
CategoryDeFi token
Last UpdatedFeb 17, 2024
Available on
Ethereum
Yield opportunities
StakingLiquidity provision
What is frxETH?
frxETH is Frax Finance's liquid staking derivative, representing staked ETH in the Frax validator system. Unlike rebasing tokens, frxETH maintains 1:1 peg with ETH, with staking rewards accruing to sfrxETH (staked frxETH) holders.
Key Statistics
Metric
Value
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. . . -
Market Cap
$400M+
ETH Staked
130,000+ ETH
Backing
Staked ETH
Primary Chain
Ethereum
How frxETH Works
1:1 ETH Peg: frxETH trades at parity with ETH without rebasing.
Dual Token Model: Stake frxETH to get sfrxETH which earns all staking rewards.
Curve Integration: Deep liquidity on Curve for frxETH/ETH trading.
Yield Opportunities with frxETH
sfrxETH Staking: Stake frxETH to receive sfrxETH and earn ETH staking rewards (~4% APY).
Curve Liquidity: Provide frxETH/ETH liquidity on Curve for trading fees + CRV rewards.
Lending: Use frxETH as collateral in lending protocols.
Risk Considerations
Smart Contract Risk: Multiple Frax protocol contracts involved.
Validator Risk: Slashing events could affect frxETH backing.
Peg Risk: frxETH could depeg from ETH in extreme conditions.
Frequently Asked Questions
What's the difference between frxETH and sfrxETH?
frxETH is the base LST pegged to ETH. SfrxETH is staked frxETH that earns yields.
How do I earn yield with frxETH?
Stake frxETH to get sfrxETH, which accumulates ETH staking rewards.
Track your frxETH positions and discover new opportunities.
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