# Staked Frax (sFRAX)

> Staked Frax USD (sfrxUSD) is the yielding stablecoin implemented as an ERC4626 token. sfrxUSD is fully redeemable for frxUSD at an increasing rate proportional to the yield mechanism (described below). sfrxUSD is not rebasing and can always be redeemed for the underlying frxUSD with no unstaking fee or price impact.
sfrxUSD is unique in yielding design in that it targets a benchmark-rate strategy that alternates between the best of three governance-approved strategies: carry-trade, algorithmic market operations (AMOs), and the Interest on Reserve Balances/T-Bill (IORB) rate. This insures that sfrxUSD’s APY is the most competitive yield onchain.

## Price Data

- **Current Price**: $1.21
- **Market Cap**: $31.34M
- **Fully Diluted Valuation**: $31.34M
- **Circulating Supply**: 25.98M sFRAX
- **Total Supply**: 25.98M sFRAX

## Price Changes

- **24h**: +0.00%
- **30d**: +0.00%
- **90d**: +0.01%
- **365d**: +0.04%

## Chain Availability

Available on: arbitrum, ethereum, fraxtal, katana, mode, okbchain, sei, sonic

## Resources

- [Website](https://frax.com)
- [Discord](https://discord.com/invite/fraxfinance)
- [Coingecko](https://www.coingecko.com/en/coins/staked-frax-usd)
- [Dex.guru](https://dex.guru/token/eth/0xcf62f905562626cfcdd2261162a51fd02fc9c5b6)
- [Dex.guru](https://dex.guru/token/arbitrum/0x5bff88ca1442c2496f7e475e9e7786383bc070c0)

## Links

- [View on Zerion](https://app.zerion.io/tokens/sFRAX-25d7da50-f96d-4d21-80c0-8902b7a7eedc)
- [Trade on Zerion](https://app.zerion.io/tokens/sFRAX-25d7da50-f96d-4d21-80c0-8902b7a7eedc)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset