• Cryptos 22296
  • Exchanges 1507
  • Market Cap $2.78T 2.05%
  • 24h Vol $1,011,761,934.59T
  • Dominance BTC 59.5% ETH 10.7%

Frax Staked frxUSD Live Price Update & Market Capitalization

Frax Staked frxUSD SFRXUSD #557

$1.22 0.01% (1d)

Market Overview

Frax Staked frxUSD current market price is $1.22 with a 24 hour trading volume of $188.14K. The total available supply of Frax Staked frxUSD is 31.32M SFRXUSD. It has secured Rank 557 in the cryptocurrency market with a marketcap of $38.06M. The SFRXUSD price is 0.01% down in the last one hour.


The high price of the Frax Staked frxUSD is $1.22 and low price is $1.21 in the last 24 hours. Live prices from all markets and coin market Capitalization. Stay up to date with the latest price movements. Check our coin stats data and see when there is an opportunity to buy or sell at best price in the market.

Frax Staked frxUSD Rank

557

Frax Staked frxUSD Price

$1.22

Market Cap

$38.06M 0.27%

Fully Diluted Valuation

$38.06M

Trading Volume(24h)

$188.14K

Circulating Supply

31.32M SFRXUSD

Total Supply

31.32M SFRXUSD

Max Supply

(Not Available)

High(24h)

$1.22

Low(24h)

$1.21

All-time High

$1.29 6.13%
12 Apr 2026

All-time Low

$1.06 15.05%
28 Feb 2025

Cryptocurrency Frax Staked frxUSD Calculator

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Frax Staked frxUSD Historical Data Chart

1h

0.01%

24h

0.01%

7d

0.1%

14d

0.18%

30d

0.4%

60d

0.77%

200d

2.29%

1y

4.4%

Frax Staked frxUSD Historical Data

Historical data of Frax Staked frxUSD past 365 days (00:00 UTC)

DateMarket CapVolumeClose
2025-10-11$43,197,112.93$1,974,025.69$1.16
2025-10-12$43,085,868.86$13,705,415.12$1.16
2025-10-13$43,096,064.95$631,500.52$1.16
2025-10-14$43,238,353.57$2,037,476.81$1.16
2025-10-15$43,244,272.49$577,185.14$1.16
2025-10-16$43,226,049.05$471,344.71$1.16
2025-10-17$34,655,189.75$444,165.96$1.16
2025-10-18$34,671,918.17$1,472,525.87$1.16
2025-10-19$33,926,187.60$1,988,126.79$1.16
2025-10-20$33,982,655.79$267,663.51$1.16
2025-10-21$33,438,099.68$1,286,037.82$1.16
2025-10-22$33,009,152.90$540,766.31$1.16
2025-10-23$33,049,072.40$638,267.53$1.17
2025-10-24$33,909,630.96$343,540.14$1.17
2025-10-25$33,467,840.97$389,963.31$1.17
2025-10-26$32,725,456.49$1,551,527.26$1.17
2025-10-27$32,727,912.98$174,569.05$1.17
2025-10-28$32,787,800.16$1,126,014.45$1.17
2025-10-29$33,049,213.90$962,959.50$1.17
2025-10-30$33,472,237.31$1,147,491.13$1.17
2025-10-31$32,273,994.06$2,427,437.91$1.17
2025-11-01$31,569,968.36$1,153,485.86$1.17
2025-11-02$31,235,374.15$1,796,808.21$1.17
2025-11-03$31,169,545.81$388,567.28$1.17
2025-11-04$31,012,999.45$507,619.54$1.17
2025-11-05$27,696,615.31$7,688,208.47$1.17
2025-11-06$27,195,319.61$2,266,375.85$1.17
2025-11-07$27,267,374.35$176,789.87$1.20
2025-11-08$26,566,904.12$1,013,458.36$1.17
2025-11-09$26,528,960.51$1,078,511.13$1.17
2025-11-10$26,559,579.45$594,279.87$1.17
2025-11-11$26,221,716.17$1,257,313.57$1.17
2025-11-12$26,281,107.71$707,238.80$1.17
2025-11-13$26,282,421.84$439,452.98$1.17
2025-11-14$27,017,787.83$1,045,566.73$1.17
2025-11-15$26,810,539.19$1,052,519.75$1.17
2025-11-16$27,014,578.91$912,015.01$1.17
2025-11-17$27,098,344.40$549,059.41$1.17
2025-11-18$27,033,082.92$792,805.63$1.17
2025-11-19$27,646,306.63$306,825.44$1.17
2025-11-20$27,619,606.18$1,073,358.35$1.17
2025-11-21$27,674,234.11$188,876.35$1.17
2025-11-22$26,871,551.59$1,816,271.86$1.17
2025-11-23$26,931,286.73$411,836.74$1.17
2025-11-24$27,274,331.70$433,894.13$1.17
2025-11-25$27,361,068.61$287,565.74$1.17
2025-11-26$27,201,605.75$468,008.20$1.17
2025-11-27$27,113,412.03$348,942.72$1.17
2025-11-28$26,758,758.84$1,149,329.94$1.17
2025-11-29$25,328,783.29$1,758,718.86$1.17
2025-11-30$25,158,957.81$414,001.61$1.17
2025-12-01$24,925,312.38$1,780,173.81$1.17
2025-12-02$25,356,144.68$1,251,503.90$1.17
2025-12-03$25,502,852.76$284,400.71$1.17
2025-12-04$24,899,297.03$731,554.12$1.17
2025-12-05$24,701,806.16$694,284.56$1.17
2025-12-06$24,768,732.44$194,760.64$1.17
2025-12-07$24,523,423.63$1,792,566.90$1.17
2025-12-08$24,768,884.03$504,657.55$1.17
2025-12-09$25,094,593.70$1,786,905.29$1.17
2025-12-10$24,170,747.56$2,756,749.36$1.17
2025-12-11$24,152,672.32$284,385.96$1.17
2025-12-12$24,358,063.48$978,439.97$1.17
2025-12-13$24,477,625.01$1,593,907.86$1.17
2025-12-14$24,342,245.79$361,431.01$1.17
2025-12-15$24,425,437.79$296,714.76$1.17
2025-12-16$24,520,301.31$534,623.16$1.17
2025-12-17$24,395,419.81$190,997.39$1.17
2025-12-18$24,299,978.88$479,713.34$1.17
2025-12-19$24,355,594.16$747,796.72$1.17
2025-12-20$24,125,247.78$241,611.23$1.17
2025-12-21$24,118,677.49$309,364.01$1.17
2025-12-22$23,858,933.41$334,431.77$1.16
2025-12-23$23,325,172.14$1,844,573.48$1.17
2025-12-24$23,539,628.63$713,320.49$1.17
2025-12-25$23,388,203.53$501,476.93$1.17
2025-12-26$23,397,840.08$219,168.89$1.17
2025-12-27$23,461,633.27$1,256,413.40$1.17
2025-12-28$23,729,962.82$431,653.82$1.18
2025-12-29$23,790,572.83$312,354.09$1.17
2025-12-30$23,755,818.21$58,244.44$1.17
2025-12-31$23,829,003.57$177,117.77$1.18
2026-01-01$23,273,891.88$1,430,257.35$1.17
2026-01-02$23,487,125.90$766,897.29$1.17
2026-01-03$23,402,728.34$1,016,788.84$1.17
2026-01-04$23,420,377.31$175,216.71$1.17
2026-01-05$23,569,455.18$220,691.04$1.17
2026-01-06$23,759,081.46$318,582.74$1.17
2026-01-07$23,752,522.27$1,746,005.96$1.17
2026-01-08$23,612,607.18$251,571.68$1.17
2026-01-09$23,466,722.37$1,488,761.50$1.17
2026-01-10$25,625,571.61$292,064.85$1.17
2026-01-11$25,643,781.58$1,008,249.72$1.17
2026-01-12$25,633,871.01$915,580.47$1.17
2026-01-13$24,299,330.90$1,835,189.85$1.17
2026-01-14$24,399,001.65$3,071,401.17$1.17
2026-01-15$26,818,712.91$50,228.24$1.16
2026-01-16$26,782,549.34$146,608.64$1.17
2026-01-17$26,316,580.67$99,415.01$1.16
2026-01-18$26,796,786.43$448,987.41$1.18
2026-01-19$26,977,552.69$40,058.12$1.19
2026-01-20$26,275,850.22$103,916.01$1.18
2026-01-21$26,029,400.08$800,509.17$1.17
2026-01-22$25,898,750.98$579,906.66$1.16
2026-01-23$29,854,096.18$384,937.82$1.16
2026-01-24$29,678,630.25$392,698.25$1.17
2026-01-25$29,887,069.77$260,939.11$1.17
2026-01-26$29,855,864.43$183,267.85$1.18
2026-01-27$30,001,938.91$184,348.13$1.17
2026-01-28$29,930,884.06$1,587,992.91$1.17
2026-01-29$30,005,571.70$1,100,946.49$1.18
2026-01-30$30,023,384.61$597,444.03$1.18
2026-01-31$29,602,334.31$1,203,180.86$1.18
2026-02-01$29,397,872.55$4,298,057.91$1.18
2026-02-02$29,379,314.67$3,536,599.56$1.18
2026-02-03$29,505,180.88$3,381,204.85$1.18
2026-02-04$29,175,535.09$566,518.77$1.17
2026-02-05$29,163,369.25$1,107,682.20$1.18
2026-02-06$28,867,190.11$2,895,907.51$1.18
2026-02-07$29,107,812.42$5,555,373.36$1.18
2026-02-08$28,957,896.46$758,488.73$1.18
2026-02-09$28,378,417.66$3,656,949.11$1.18
2026-02-10$28,488,522.04$262,030.58$1.18
2026-02-11$27,121,685.51$42,277.60$1.18
2026-02-12$28,484,306.71$296,458.43$1.18
2026-02-13$27,606,868.08$1,492,690.87$1.18
2026-02-14$27,023,967.82$2,075,337.28$1.18
2026-02-15$26,950,150.17$81,199.78$1.17
2026-02-16$26,989,998.20$433,289.60$1.18
2026-02-17$27,184,506.49$2,600,703.51$1.18
2026-02-18$27,228,319.90$341,209.69$1.18
2026-02-19$27,136,423.28$43,939.47$1.18
2026-02-20$27,208,971.52$414,949.17$1.18
2026-02-21$27,111,115.57$847,154.90$1.18
2026-02-22$27,098,530.69$278,393.63$1.18
2026-02-23$27,070,291.92$374,565.39$1.18
2026-02-24$26,988,505.31$582,296.04$1.18
2026-02-25$26,895,663.43$387,124.93$1.18
2026-02-26$26,515,882.17$107,455.76$1.17
2026-02-27$26,844,817.09$512,449.27$1.18
2026-02-28$26,763,340.06$302,668.44$1.18
2026-03-01$26,621,362.66$128,118.42$1.17
2026-03-02$26,801,558.56$236,639.79$1.18
2026-03-03$26,517,131.84$2,782,754.71$1.18
2026-03-04$26,611,663.78$1,368,162.47$1.18
2026-03-05$26,427,415.72$1,049,967.71$1.18
2026-03-06$26,677,909.21$651,547.95$1.18
2026-03-07$26,822,153.76$2,454,925.08$1.18
2026-03-08$26,809,961.07$422,013.43$1.18
2026-03-09$26,566,241.88$179,471.07$1.17
2026-03-10$26,954,482.37$1,630,045.26$1.18
2026-03-11$27,076,371.91$2,848,997.19$1.18
2026-03-12$27,543,972.89$2,474,304.52$1.18
2026-03-13$27,314,665.58$1,839,945.74$1.18
2026-03-14$29,444,112.98$4,011,408.52$1.18
2026-03-15$29,474,170.28$93,693.65$1.19
2026-03-16$29,227,058.66$47,314.65$1.18
2026-03-17$29,933,631.21$2,340,187.07$1.18
2026-03-18$29,690,360.52$587,429.42$1.18
2026-03-19$29,471,459.91$462,239.55$1.17
2026-03-20$30,407,187.14$3,748,923.95$1.17
2026-03-21$30,488,685.65$173,323.30$1.18
2026-03-22$30,412,788.83$343,942.32$1.19
2026-03-23$30,292,838.74$309,304.61$1.18
2026-03-24$30,303,327.90$1,714,369.14$1.19
2026-03-25$30,209,526.33$133,597.89$1.18
2026-03-26$30,580,638.33$78,368.38$1.17
2026-03-27$30,669,406.86$21,181.28$1.16
2026-03-28$30,614,730.99$94,463.59$1.17
2026-03-29$30,025,313.26$6,753.68$1.14
2026-03-30$31,184,976.12$54,411.10$1.18
2026-03-31$30,663,458.69$11,629.63$1.16
2026-04-01$31,428,017.64$45,409.35$1.19
2026-04-02$31,261,139.65$85,784.29$1.19
2026-04-03$31,168,564.56$252,112.44$1.18
2026-04-04$30,551,673.95$2,019,625.65$1.19
2026-04-05$30,671,748.52$26,404.58$1.19
2026-04-06$30,713,490.10$58,618.15$1.19
2026-04-07$31,679,694.00$908,204.26$1.18
2026-04-08$36,214,758.65$339,808.90$1.16
2026-04-09$39,431,009.52$1,123,596.90$1.19
2026-04-10$39,328,447.52$30,298.06$1.17
2026-04-11$38,232,057.47$47,544.83$1.14
2026-04-12$39,733,578.52$351,351.32$1.19
2026-04-13$39,984,301.10$491,412.32$1.19
2026-04-14$39,749,046.84$430,435.80$1.19
2026-04-15$40,095,484.93$1,468,120.55$1.19
2026-04-16$41,042,845.88$1,016,756.38$1.19
2026-04-17$41,842,396.14$120,775.80$1.18
2026-04-18$43,574,438.34$307,424.97$1.19
2026-04-19$45,025,500.05$1,369,667.84$1.19
2026-04-20$44,181,826.93$138,914.83$1.17
2026-04-21$44,602,382.77$170,385.72$1.18
2026-04-22$46,136,206.37$111,490.46$1.19
2026-04-23$43,694,718.98$151,113.29$1.19
2026-04-24$40,984,815.57$133,051.53$1.19
2026-04-25$41,010,349.93$347,168.31$1.19
2026-04-26$40,048,080.04$68,597.70$1.19
2026-04-27$40,064,698.64$12,627.62$1.19
2026-04-28$39,894,394.27$95,137.04$1.19
2026-04-29$39,860,226.77$94,378.56$1.19
2026-04-30$40,491,823.07$7,479.47$1.19
2026-05-01$39,663,750.85$34,592.48$1.18
2026-05-02$40,037,325.55$116,381.96$1.19
2026-05-03$40,272,721.85$16,753.49$1.19
2026-05-04$40,916,218.13$96,416.92$1.19
2026-05-05$42,036,761.84$20,570.79$1.18
2026-05-06$38,710,686.97$1,122.53$1.09
2026-05-07$42,081,928.32$35,050.50$1.19
2026-05-08$41,614,732.94$160,037.70$1.18
2026-05-09$42,880,539.70$60,858.43$1.18
2026-05-10$42,832,983.36$246,177.07$1.19
2026-05-11$42,226,960.11$90,848.20$1.17
2026-05-12$42,665,804.68$223,869.11$1.18
2026-05-13$42,150,419.59$1,807,652.87$1.19
2026-05-14$41,901,750.61$85,342.78$1.18
2026-05-15$42,071,033.47$548,856.60$1.19
2026-05-16$42,276,231.21$773,790.44$1.19
2026-05-17$42,570,781.60$566,536.47$1.19
2026-05-18$42,655,889.43$113,080.93$1.19
2026-05-19$42,585,786.33$151,793.63$1.19
2026-05-20$42,465,297.05$240,884.25$1.19
2026-05-21$43,674,798.83$1,941,461.10$1.19
2026-05-22$42,699,344.84$287,589.72$1.17
2026-05-23$43,486,154.69$957,345.82$1.19
2026-05-24$43,451,583.33$35,812.78$1.19
2026-05-25$41,717,214.35$12,655.36$1.13
2026-05-26$42,728,095.84$267,435.78$1.18
2026-05-27$43,218,144.09$459,011.54$1.19
2026-05-28$44,296,233.51$265,725.34$1.19
2026-05-29$39,713,061.21$435,381.11$1.20
2026-05-30$39,724,662.35$26,968.16$1.20
2026-05-31$39,974,723.99$17,905.34$1.20
2026-06-01$40,591,456.22$345.37$1.20
2026-06-02$40,177,184.32$445,675.83$1.20
2026-06-03$39,960,542.63$93,696.63$1.19
2026-06-04$39,193,834.21$220,092.10$1.20
2026-06-05$39,036,714.22$382,803.75$1.19
2026-06-06$38,822,836.47$1,510,927.20$1.19
2026-06-07$39,277,459.98$100,175.73$1.20
2026-06-08$39,236,496.37$138,685.28$1.20
2026-06-09$38,952,514.31$265,374.89$1.20
2026-06-10$38,514,871.01$141,460.94$1.20
2026-06-11$38,309,093.81$156,137.55$1.20
2026-06-12$37,839,336.31$260,084.29$1.20
2026-06-13$37,270,446.44$275,621.91$1.20
2026-06-14$37,298,534.78$60,376.70$1.20
2026-06-15$37,469,577.65$198,951.15$1.20
2026-06-16$37,341,866.40$192,777.06$1.20
2026-06-17$37,510,565.07$146,573.58$1.20
2026-06-18$37,235,249.96$5,480.77$1.20
2026-06-19$36,994,387.15$36,654.09$1.19
2026-06-20$36,128,553.33$190,554.90$1.20
2026-06-21$35,534,466.89$411,455.38$1.19
2026-06-22$35,139,971.61$188,839.31$1.18
2026-06-23$35,002,762.76$313,924.12$1.19
2026-06-24$33,159,008.04$477.08$1.17
2026-06-25$33,733,742.37$282,091.24$1.19
2026-06-26$35,261,565.79$1,426,662.23$1.20
2026-06-27$35,285,278.69$37,871.97$1.20
2026-06-28$34,883,007.93$83,124.80$1.19
2026-06-29$35,217,319.29$32,353.50$1.20
2026-06-30$35,262,518.96$22,081.53$1.20
2026-07-01$35,522,266.54$50,208.15$1.20
2026-07-02$35,475,180.40$122,429.80$1.20
2026-07-03$34,477,863.72$1,088,091.20$1.20
2026-07-04$34,453,409.01$70,261.23$1.20
2026-07-05$34,569,919.03$183,599.06$1.20
2026-07-06$34,692,084.37$25,032.06$1.21
2026-07-07$35,040,517.34$72,229.61$1.20
2026-07-08$34,648,762.36$11,534.95$1.20
2026-07-09$32,538,150.99$2,141,135.73$1.20
2026-07-10$33,210,527.35$43,332.19$1.20
2026-07-11$34,262,234.01$149,603.75$1.20
2026-07-12$34,267,254.84$334.49$1.20
2026-07-13$34,246,317.43$26,826.92$1.20
2026-07-14$34,239,409.64$61,325.99$1.20
2026-07-15$34,259,856.87$119,997.26$1.20
2026-07-16$34,259,240.19$1,788.51$1.20
2026-07-17$34,214,673.67$29,836.06$1.20
2026-07-18$30,032,768.90$41,439.46$1.19
2026-07-19$30,264,182.94$29,639.98$1.20
2026-07-20$30,281,998.76$15,786.13$1.20
2026-07-21$30,190,896.33$286,820.74$1.19
2026-07-22$30,335,093.50$36,721.30$1.20
2026-07-23$30,185,178.59$35,147.43$1.20
2026-07-24$30,196,085.51$142,280.55$1.20
2026-07-25$30,267,505.74$98,015.27$1.20
2026-07-26$30,259,437.83$104,033.03$1.20
2026-07-27$30,253,495.94$233,750.07$1.20
2026-07-28$30,464,343.83$128,824.54$1.20
2026-07-29$31,367,621.62$1,162,986.50$1.20
2026-07-30$31,456,386.87$27,464.79$1.20
2026-07-31$31,470,557.74$56,258.23$1.20
2026-08-01$31,258,042.00$471,178.84$1.20
2026-08-02$32,118,509.25$295,931.65$1.20
2026-08-03$32,118,080.77$29,172.58$1.20
2026-08-04$32,150,893.50$189,697.02$1.20
2026-08-05$32,134,294.31$296,311.89$1.20
2026-08-06$32,172,725.54$109,969.46$1.20
2026-08-07$33,533,212.86$539,017.31$1.20
2026-08-08$34,465,678.56$1,673,866.13$1.21
2026-08-09$34,450,426.51$258,213.86$1.21
2026-08-10$34,476,334.74$205,184.35$1.21
2026-08-11$34,685,854.66$641,307.89$1.21
2026-08-12$34,652,901.36$485,809.11$1.20
2026-08-13$34,644,490.80$655,502.16$1.21
2026-08-14$34,682,396.10$207,993.54$1.21
2026-08-15$34,916,844.51$230,034.22$1.21
2026-08-16$34,603,806.71$137,429.13$1.21
2026-08-17$34,586,942.24$287,813.82$1.21
2026-08-18$34,683,872.26$21,061.30$1.21
2026-08-19$34,494,151.23$153,232.18$1.21
2026-08-20$34,884,186.53$739,673.25$1.21
2026-08-21$34,313,763.43$620,258.82$1.21
2026-08-22$33,372,830.08$527,105.93$1.21
2026-08-23$33,265,765.71$542,723.42$1.21
2026-08-24$33,252,122.77$259,821.22$1.21
2026-08-25$33,311,962.57$6,181,261.83$1.21
2026-08-26$33,609,401.64$449,159.79$1.21
2026-08-27$33,547,528.47$199,791.67$1.21
2026-08-28$33,652,370.68$401,106.66$1.21
2026-08-29$33,804,447.36$304,652.47$1.21
2026-08-30$33,997,050.69$161,317.89$1.21
2026-08-31$33,989,095.53$10,063.78$1.21
2026-09-01$33,564,682.04$2,036,607.70$1.21
2026-09-02$33,526,715.91$84,909.99$1.21
2026-09-03$33,366,144.44$182,362.07$1.21
2026-09-04$33,265,025.60$186,367.60$1.21
2026-09-05$34,620,333.90$1,439,750.74$1.21
2026-09-06$34,616,318.55$39,439.40$1.21
2026-09-07$34,556,524.12$167,733.72$1.21
2026-09-08$34,562,145.47$106,557.96$1.21
2026-09-09$34,538,129.65$23,707.06$1.21
2026-09-10$34,498,940.31$99,661.05$1.21
2026-09-11$34,375,498.19$238,840.02$1.21
2026-09-12$34,353,381.68$122,866.34$1.21
2026-09-13$34,318,909.23$114,611.56$1.21
2026-09-14$34,319,933.01$23,737.92$1.21
2026-09-15$33,254,446.63$154,776.74$1.21
2026-09-16$33,250,409.11$21,618.09$1.21
2026-09-17$33,073,048.55$144,080.24$1.21
2026-09-18$33,038,981.79$132,205.82$1.21
2026-09-19$33,093,947.79$74,345.81$1.21
2026-09-20$33,098,763.20$19,403.58$1.21
2026-09-21$33,116,335.70$35,320.38$1.21
2026-09-22$33,215,306.81$289,410.57$1.21
2026-09-23$33,234,886.37$37,808.02$1.21
2026-09-24$33,075,723.07$229,978.85$1.21
2026-09-25$33,061,585.96$78,544.62$1.21
2026-09-26$33,016,061.45$2,763.32$1.21
2026-09-27$33,000,308.27$1,101,345.21$1.21
2026-09-28$32,984,948.45$29,392.36$1.21
2026-09-29$33,428,152.45$551,643.55$1.21
2026-09-30$32,260,603.66$1,670,406.70$1.21
2026-10-01$33,363,782.28$232,595.87$1.21
2026-10-02$34,433,186.13$153,179.36$1.21
2026-10-03$36,886,306.39$251,413.81$1.21
2026-10-04$36,892,558.36$20,604.55$1.21
2026-10-05$37,035,525.71$90,345.55$1.21
2026-10-06$37,435,643.01$492,587.77$1.21
2026-10-07$38,261,155.97$672,398.11$1.21
2026-10-08$38,150,312.42$51,096.42$1.21
2026-10-09$38,235,365.34$42,421.74$1.21
2026-10-10$37,584,242.49$782,983.07$1.21
2026-10-10$37,581,740.36$120,683.18$1.21

About 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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