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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
sFR

How to Buy Staked FRAX (sFRAX)

Frax FinanceStablecoins

This guide walks you through buying Staked FRAX (sFRAX), a stablecoins asset on Frax Finance currently earning 4.25% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in sFRAX, 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 ethereum. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

sFRAX 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: sFRAX 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://app.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 sFRAX from the available products and enter the amount you want to invest. Review the current APY (4.25%), 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 sFRAX?

Start earning 4.25% APY on Frax Finance today.

Frequently Asked Questions

What is sFRAX?

ERC-4626 staking vault that distributes Frax Protocol yield to stakers, with APY targeting the Federal Reserve's IORB rate (risk-free rate).

What APY does sFRAX currently offer?

sFRAX currently offers 4.25% APY. The 7-day average APY is 4.20% and the 30-day average is 4.30%. Yields can fluctuate based on market conditions.

Is KYC required to buy sFRAX?

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

What chains is sFRAX available on?

sFRAX is available on ethereum.

View full sFRAX analysis

sFRAX Overview

Current APY
4.25%
TVL
$68.00M
Min Investment
None
KYC Required
No
Chains
ethereum
Risk Level
medium risk
Audit Status
audited

Quick Links

sFRAX AnalysisFrax Finance ProtocolYield ScreenerYield Calculator