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. 

frxETH

Frax Ether

Risk Rating

yellow

Average

Blockchain

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Key Metrics

Information

Frax Ether 0x5E8422345238F34275888049021821E8E08CAa1f 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. 

sUSDS

Curve USD Market Making

Convex USD Market Making

frxETH Pools

**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.

Asset Strength

[Frax](https://expx.fi/protocols/fdbafb33-9213-4c20-b41f-e7b6a8aa5282)

Dependencies

**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.

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Frax Ether

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.