Instruments · Yield Stablecoins

Staked Frax USD

sfrxUSDYield StablecoinsLow-Medium

~5.3% (~4-5%)

Yield / return

checked 9 Nov 2026

ERC-4626 savings wrapper for Frax's RWA-backed frxUSD; accrues a dynamic benchmark yield with no lockup.

No KYC on secondary market · self-custody

Stake frxUSD at frax.com or buy sfrxUSD on a DEX

Who may buy is set by the issuer — check their terms.

Go to Frax Finance ↗Trader view →

Minimum None · Self-custody · verify with the provider before acting

Where to buy sfrxUSD

Open in trader view →

sfrxUSD trades on 5 exchanges and DEXs. The largest by 24-hour volume:

Venue	Pair	24h volume	Spread
DEXCurve (Ethereum) ↗	sfrxUSD/FRXUSD	$249K	0.60%
DEXCurve (Ethereum) ↗	REUSD/—	$97K	0.60%
DEXCurve (Ethereum) ↗	sfrxUSD/SCRVUSD	$5K	0.61%
DEXCurve (Fraxtal) ↗	DUSD/—	$2K	0.61%
DEXBalancer V2 (Fraxtal) ↗	SFRXETH/—	$137	0.68%

Source: CoinGecko, 2026-11-11 · listed by volume, not a recommendation · check that the venue serves your country

sfrxUSD contract addresses

Checked on chain: contract code is present and its symbol and decimals match the listing. Use the address on the chain you buy on, and compare it with the issuer’s own documentation.

Candidates: CoinGecko · read on chain 2026-10-21 · for agents: MCP get_purchase_steps · how agents buy

How to exit sfrxUSD

Redeeming with the issuer: Not stated. Anyone who cannot redeem exits by selling on the market.

Minimum: not stated
Fee: 0% (no unstaking fees)
Settlement: no lock-up; unstake to frxUSD at any time (ERC-4626)
Who may redeem: not stated
Selling instead: Unstake on-chain to frxUSD; frxUSD can be redeemed for USDC in one transaction via a route through Superstate USTB, with no USTB onboarding required.

From issuer documentation · 2026-10-22 · exit costs compared

Key facts

Yield / return: ~5.3% (~4-5%)
Risk: Low-Medium
Minimum: None
Liquidity: Instant redemption, no lockup
Custody: Self-custody
KYC: None (on-chain)
Figures verified: 2026-11-09

Details

Issuer: Frax Finance
Type: Yield Stablecoins
Category: Yield Stablecoins
Pillar: Fixed Income
Yield source: Carry trade + AMOs + T-bill rate (partly BUIDL-backed)
Network: Ethereum / Fraxtal
Jurisdiction: Decentralized
AUM: $30M

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Questions about sfrxUSD and Yield Stablecoins

Buying sfrxUSD: common questions

How do I buy sfrxUSD?

Stake frxUSD at frax.com or buy sfrxUSD on a DEX. The token runs on Ethereum / Fraxtal. Minimum: None.

Where can I buy sfrxUSD?

sfrxUSD trades on 5 exchanges and DEXs. By 24-hour volume the largest are Curve (Ethereum) (sfrxUSD/FRXUSD), Curve (Ethereum) (REUSD/?), Curve (Ethereum) (sfrxUSD/SCRVUSD), Curve (Fraxtal) (DUSD/?), Balancer V2 (Fraxtal) (SFRXETH/?) (CoinGecko, 2026-11-11). Check that the venue serves your country before you sign up.