Frax Ether
frxETH
frxETH is a derivative asset that is soft-pegged to ETH and can always be redeemed 1:1 for ETH. Holding frxETH does not earn any yield on its own. Instead, users can stake frxETH in the staking vault for sfrxETH to accrue staking yield of the Frax ETH validators.
Risk Rating
Average
What is Frax Ether?
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Blockchain
- Ethereum
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Average
Asset Strength
frxUSD is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Frax, a protocol rated as Watch out.
frxUSD is a stablecoin that trades within 50bps of its peg to , which makes it a less volatile store of value.
Dependencies
Asset Tokenomics
frxUSD does not have a supply schedule. frxUSD is a reedemable stablecoin issued by Frax Protocol. It is backed by Blackrock's BUIDL fund allowing for seamless fiat-onchain onramp.
Things to know about frxETH
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