Staked Frax USD (sfrxUSD) stablecoin analytics
sfrxUSD is Frax's staking wrapper of frxUSD; the exchange rate compounds with custodian and protocol yield, with frxUSD-tier T-bill custodial backing.
Static Profile
Static stablecoin profile
Staked Frax USD (sfrxUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
Variant Relationship
Staked Frax USD (sfrxUSD) is modeled as a savings variant of Frax USD (FRXUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Jun 12, 2026
sfrxUSD is the savings sleeve for frxUSD, not a second Frax dollar with its own reserve book. Depositors trade the flat base token for a vault share whose exchange rate rises as Frax routes frxUSD income and custodian yield into the wrapper. That distinction matters: wrapper...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- frxUSD deposited into Frax's savings vault; the wrapper remains fully backed by frxUSD while protocol income and custodian yield accrue through the vault exchange rate
- Peg Mechanism
- Deposit frxUSD to mint sfrxUSD and redeem sfrxUSD for the current convertToAssets amount of frxUSD; the share price rises as Frax routes frxUSD yield to the staking vault
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is sfrxUSD safe?
Pharos does not mark sfrxUSD as absolutely safe. Static metadata says Staked Frax USD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety sfrxusd-frax
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
sfrxUSD quick answers
What is Staked Frax USD (sfrxUSD)?
sfrxUSD is Frax's staking wrapper of frxUSD; the exchange rate compounds with custodian and protocol yield, with frxUSD-tier T-bill custodial backing. The static profile records its US Dollar peg mechanism as: Deposit frxUSD to mint sfrxUSD and redeem sfrxUSD for the current convertToAssets amount of frxUSD; the share price rises as Frax routes frxUSD yield to the staking vault
Is sfrxUSD safe?
Pharos does not mark sfrxUSD as absolutely safe. Static metadata says Staked Frax USD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs sfrxUSD?
Pharos classifies sfrxUSD backing as Real-World Asset Backed. Collateral, per the static profile: frxUSD deposited into Frax's savings vault; the wrapper remains fully backed by frxUSD while protocol income and custodian yield accrue through the vault exchange rate Reserve evidence: live reserve feed configured.
Can sfrxUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for sfrxUSD, when applicable, appear in the dossier below.