The Frax Staked frxUSD wallet helps you easily store, send, and receive digital assets. You can perform cross-chain token transactions at any time, explore NFT marketplaces and dApps, and discover more opportunities. An integrated wallet for the Frax Staked frxUSD ecosystem, it provides you with a secure on-chain experience.
Why choose Frax Staked frxUSD wallets with OneKey
Take control of the safety that belongs to you
No real-name verification required. We collect and track no user data. Your wallet belongs only to you.
100% open-source and transparent
Frax Staked frxUSD wallet is a fully open-source wallet; every line of code can be audited and verified by security experts. Security is not based on promises, but on transparency.
Intelligent Risk Protection
Built-in dApp phishing protection and suspicious token folding features automatically detect risky contracts to prevent malicious approvals or asset theft.
Global support
Provide 24/7 multilingual customer support to resolve your issues at any time.
FAQ’s
What is Frax Staked frxUSD?
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.
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