Frax Staked frxUSD
Frax Staked frxUSD USD USD is a yield-bearing stablecoin implemented by the ERC4626 token. Frax Staked frxUSD USD can be fully redeemed for Frax at a continuously increasing rate proportional to the yield mechanism USD, as described below. Frax Staked frxUSD USD does not use an automatic supply-adjustment mechanism and can always be redeemed for the underlying Frax USD, without an unstaking fee or price impact. Frax Staked frxUSD USD's unique yield-bearing design uses a base-rate-targeting strategy that alternates among governance-approved optimal strategies: carry trading, algorithmic market operations, and interest on reserve balances/Treasury bill IORB rates. This ensures that Frax Staked frxUSD USD's APY is the most competitive yield on-chain.
Overview
Frax Staked frxUSD USD USD is a yield-bearing stablecoin implemented by the ERC4626 token. Frax Staked frxUSD USD can be fully redeemed for Frax at a continuously increasing rate proportional to the yield mechanism USD, as described below. Frax Staked frxUSD USD does not use an automatic supply-adjustment mechanism and can always be redeemed for the underlying Frax USD, without an unstaking fee or price impact. Frax Staked frxUSD USD's unique yield-bearing design uses a base-rate-targeting strategy that alternates among governance-approved optimal strategies: carry trading, algorithmic market operations, and interest on reserve balances/Treasury bill IORB rates. This ensures that Frax Staked frxUSD USD's APY is the most competitive yield on-chain.
- Sector
- # Staking
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
Related news
Market updates
No related market updates.
People updates
No related people updates.