R
Live$0 TVL
USDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00MUSDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00M
FRA

How to Buy Frax (FRAX)

Frax FinanceStablecoins

This guide walks you through buying Frax (FRAX), a stablecoins asset on Frax Finance currently earning 4.00% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in FRAX, you need a compatible crypto wallet. We recommend MetaMask or Rabby for browser-based wallets, or Coinbase Wallet for mobile. Make sure your wallet supports one of the following chains: ethereum, arbitrum, optimism, polygon, avalanche, bnb-chain. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

FRAX is typically purchased with USDC or USDT. You can buy stablecoins on any major exchange (Coinbase, Kraken, Binance) and send them to your wallet on ethereum. If you already have crypto, you can swap to USDC on a DEX like Uniswap or 1inch.

3

Complete KYC (If Required)

Good news: FRAX on Frax Finance does not require KYC verification. You can invest directly from your wallet without identity verification. Note that regulatory requirements may change, so check the protocol's current requirements before investing.

4

Connect to Protocol

Visit the Frax Finance platform at https://frax.finance and connect your wallet. Make sure you are on the correct network (ethereum). Review the terms and conditions carefully. Check that the URL is correct to avoid phishing sites -- always access the protocol through official links or bookmark the site.

5

Make Your Investment

Select FRAX from the available products and enter the amount you want to invest. Review the current APY (4.00%), any fees, and redemption terms before confirming. Approve the stablecoin spend and confirm the transaction in your wallet. Your yield will start accruing immediately after the transaction confirms.

Ready to invest in FRAX?

Start earning 4.00% APY on Frax Finance today.

Frequently Asked Questions

What is FRAX?

Originally an algorithmic/fractional stablecoin, FRAX transitioned to a fully collateralized model. Market cap has contracted as the protocol pivoted to frxUSD and yield-bearing products.

What APY does FRAX currently offer?

FRAX currently offers 4.00% APY. The 7-day average APY is 3.95% and the 30-day average is 4.05%. Yields can fluctuate based on market conditions.

Is KYC required to buy FRAX?

No, FRAX does not currently require KYC verification. You can invest directly from your wallet.

What chains is FRAX available on?

FRAX is available on ethereum, arbitrum, optimism, polygon, avalanche and bnb-chain.

View full FRAX analysis

FRAX Overview

Current APY
4.00%
TVL
$43.00M
Min Investment
None
KYC Required
No
Chains
ethereum, arbitrum, optimism, polygon, avalanche, bnb-chain
Risk Level
medium risk
Audit Status
audited

Quick Links

FRAX AnalysisFrax Finance ProtocolYield ScreenerYield Calculator