Staked FRAX (sFRAX) is an ERC4626 staking vault that distributes part of the Frax Protocol yield weekly to stakers denominated in FRAX stablecoins. The sFRAX token represents pro rata deposits within the vault and is always withdrawable for FRAX stablecoins at the pro rata rate at all times.
Staked FRAX Price Analysis
As of November 24 2024 Staked FRAX has a marketcap of $3.9M.
This is {{percentagefromath}} from its all time high of $1.24.
In terms of its tokenomics, there's a total supply of 59M with 6.2% currently outstanding.
Keep in mind Staked FRAX has a fully diluted value of $53M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
