frxUSD

10/31/2025 - Frax frxUSD Yield has a 30d APY of 4.76%, a TVL of 32,782,733, and an Exponential Risk Rating of B. This pool allows you to deposit frxUSD and receive sfrxUSD, a yield-bearing token that earns passive returns from Frax’s benchmark yield strategy, which dynamically allocates capital to the highest-yielding option among real-world assets, DeFi markets, or carry trades..

Frax frxUSD Yield on Ethereum (frxUSD)

This pool allows you to deposit frxUSD and receive sfrxUSD, a yield-bearing token that earns passive returns from Frax’s benchmark yield strategy, which dynamically allocates capital to the highest-yielding option among real-world assets, DeFi markets, or carry trades.

frxUSD is a reedemable stablecoin issued by Frax Protocol. It is backed by Blackrock's BUIDL fund allowing for seamless fiat-onchain onramp. 

This pool has not been receiving any protocol incentives to encourage user deposits

Investment Strategy

Fundamentals

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how much principal is at risk due to the nature of the pool's economic design

Frax USD Fee Sharing

Pool Design

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Asset Strength

Reflects the economic design of the asset and convex relationships

Asset Tokenomics

Code quality of the underlying smart contracts

Frax

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects how long the blockchain has been running and the total value of assets on the network

Ethereum

Chain Maturity

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization

Chain Design

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Fundamentals

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Yield Source

This pool serves as a yield-generating savings account for you to earn yield on your USD stablecoins, subject to market conditions

Your yield consists of protocol fees generated by users using Frax on the Ethereum blockchain

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Frax frxUSD Yield

This pool allows you to deposit frxUSD and receive sfrxUSD, a yield-bearing token that earns passive returns from Frax’s benchmark yield strategy, which dynamically allocates capital to the highest-yielding option among real-world assets, DeFi markets, or carry trades.