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Ethereum

Frax (sfrxUSD)

USD
FRXUSD · US dollar
1.25%
live APY
Higher riskNewer / layeredHigher feesInstant exit

Deposit frxUSD into sfrxUSD, an ERC-4626 vault that distributes Frax protocol revenue (RWA/AMO strategy yield) to stakers weekly. Withdraw anytime via redeem.

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How yield works here

You deposit frxUSD into the sfrxUSD vault — an ERC-4626 wrapper that stakes your stablecoin in Frax's revenue-generating strategies (RWA and AMO mechanics). Vault shares appreciate as protocol revenue is distributed.

Risks to know

  • Smart contract risk in Frax vault and underlying strategy contracts.
  • Strategy / RWA risk — real-world asset and AMO strategies carry credit and market exposure.
  • Stablecoin risk — frxUSD depends on Frax's peg and backing mechanisms.
  • Newer product line — shorter track record than established lending markets.

Cool detail

sfrxUSD is Frax's answer to "yield-bearing stablecoins" — your frxUSD earns a share of protocol revenue without you picking strategies manually.

Withdrawal

Redeem vault shares anytime via ERC-4626 redeem.

Learn more

Frax documentation

Not investment advice. Yield is not insured or guaranteed. Capital is at risk. You sign every transaction from your own wallet.