Staked Frax USD SFRXUSD

About Staked Frax USD

Staked Frax USD is the yield-bearing staked version of frxUSD in the Frax ecosystem. It functions like a vault receipt for deposited Frax USD, with the token's exchange rate intended to reflect protocol-defined yield over time. SFRXUSD is used in DeFi as a dollar-denominated asset with staking and yield characteristics.