$3,445.9
-5.92%
$3,412.6
24h Range
$3,655.9
Market Cap
$322,874,839.0
Fully Diluted Valuation
$323,014,894.5
24 Hour Trading Vol
$42,464.0
Circulating Supply
93,737.5
Total Supply
93,737.5
Max Supply
∞
Staked Frax Ether Price
$3,445.9
24h Range
$3,412.6 - $3,655.9
Percent Change 1h
0.03%
Percent Change 24h
-5.92%
Percent Change 7d
-7.1%
All-time high
$7,545.1
All-time low
$1,147.6
1D
7D
1M
1Y
All
Staked Frax Ether (SFRXETH) is a liquid staking derivative that represents staked Ether (ETH) within the Frax Finance ecosystem. It allows users to stake their ETH and receive SFRXETH in return, which can be used across various decentralized finance (DeFi) applications while still earning staking rewards. SFRXETH is pegged to the value of staked ETH, providing liquidity and flexibility to stakers who want to participate in the Ethereum 2.0 proof-of-stake consensus mechanism without sacrificing access to their assets.
The Frax Finance protocol, including Staked Frax Ether, was founded by Sam Kazemian, a prominent figure in the DeFi space. He is known for his innovative approaches to stablecoins and decentralized finance. The development team behind Frax Finance consists of experienced professionals from various backgrounds, including finance, technology, and blockchain, who are dedicated to creating scalable and sustainable DeFi solutions.
Staked Frax Ether operates on the principles of liquid staking. When users stake their ETH through the Frax platform, they receive SFRXETH tokens in return. These tokens represent their staked assets and the associated staking rewards. The process involves several key steps:
SFRXETH has several noteworthy use cases within the DeFi ecosystem:
To ensure the safety of your Staked Frax Ether (SFRXETH), consider the following best practices:
Investing in Staked Frax Ether (SFRXETH) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Staked Frax Ether: Once your account is funded, you can purchase Staked Frax Ether directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Staked Frax Ether using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Staked Frax Ether (SFRXETH) is currently trading at $3,445.9 and exhibits good potential for future growth. Check the latest Staked Frax Ether (SFRXETH) price prediction.
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