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.
AI summary / Updated May 15, 2026
A staking wrapper over frxUSD that concentrates Frax's custodian and reserve assumptions into a rising-exchange-rate vault share. sfrxUSD is the savings wrapper over frxUSD. Holders are effectively taking the Frax USD reserve stack and opting into a rising exchange rate instead...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 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 May 15, 2026.