Frax Staked frxUSD Live Price Update & Market Capitalization

Frax Staked frxUSD SFRXUSD N/A

$1.19 0.21% (1d)

Market Overview

Frax Staked frxUSD current market price is $1.19 with a 24 hour trading volume of $1,018.29K. The total available supply of Frax Staked frxUSD is 34.53M SFRXUSD. It has secured Rank (Not Available) in the cryptocurrency market with a marketcap of $41.10M. The SFRXUSD price is 0.09% down in the last one hour.


The high price of the Frax Staked frxUSD is $1.20 and low price is $1.19 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

(Not Available)

Frax Staked frxUSD Price

$1.19

Market Cap

$41.10M 2.12%

Fully Diluted Valuation

$41.10M

Trading Volume(24h)

$1,018.29K

Circulating Supply

34.53M SFRXUSD

Total Supply

34.53M SFRXUSD

Max Supply

(Not Available)

High(24h)

$1.20

Low(24h)

$1.19

All-time High

$1.26 5.68%
12 Sep 2025

All-time Low

$1.06 12.69%
28 Feb 2025

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Frax Staked frxUSD Price Chart

1h

0.09%

24h

0.21%

7d

0.05%

14d

0.24%

30d

0.26%

60d

0.67%

200d

2.55%

1y

5.68%

Frax Staked frxUSD Historical Data

Historical data of Frax Staked frxUSD past 365 days.

DateMarket CapVolumeClose
2025-03-24$15,308,813.43$124,577.27$1.12
2025-03-25$15,796,536.84$137,354.00$1.13
2025-03-26$15,663,499.20$209,137.55$1.12
2025-03-27$16,082,062.53$112,183.12$1.12
2025-03-28$16,290,634.88$111,375.67$1.11
2025-03-29$16,479,252.12$44,355.58$1.12
2025-03-30$16,471,341.44$377,579.59$1.13
2025-03-31$16,884,674.29$326,154.99$1.12
2025-04-01$16,729,000.61$262,613.42$1.12
2025-04-02$16,843,714.37$623,811.44$1.12
2025-04-03$17,288,794.29$337,289.77$1.12
2025-04-04$18,050,628.69$515,522.13$1.13
2025-04-05$20,095,350.06$381,206.41$1.12
2025-04-06$25,731,038.11$200,316.73$1.13
2025-04-07$25,825,461.50$96,127.23$1.12
2025-04-08$25,238,910.70$1,113,923.63$1.12
2025-04-09$24,613,039.50$16,877,181.67$1.12
2025-04-10$24,617,709.44$2,981,344.81$1.12
2025-04-11$25,636,645.52$7,045,615.60$1.13
2025-04-12$28,370,520.11$6,681,171.76$1.13
2025-04-13$30,031,277.74$6,808,594.91$1.13
2025-04-14$27,991,517.01$5,466,260.94$1.13
2025-04-15$27,455,955.11$1,050,120.39$1.13
2025-04-16$27,369,117.12$720,541.18$1.13
2025-04-17$27,324,380.35$801,325.27$1.13
2025-04-18$27,370,114.47$1,192,750.93$1.13
2025-04-19$27,263,270.40$357,419.44$1.13
2025-04-20$27,271,330.51$144,731.61$1.13
2025-04-21$26,858,361.03$150,401.16$1.13
2025-04-22$26,922,245.21$373,253.14$1.13
2025-04-23$26,926,635.38$142,885.58$1.13
2025-04-24$26,593,266.64$1,028,282.63$1.13
2025-04-25$26,172,297.72$1,215,532.03$1.13
2025-04-26$26,407,529.97$763,816.35$1.13
2025-04-27$26,463,216.82$631,429.53$1.13
2025-04-28$26,414,398.58$559,574.57$1.13
2025-04-29$26,386,553.68$934,859.60$1.13
2025-04-30$26,514,008.00$429,860.01$1.13
2025-05-01$26,572,996.23$397,150.58$1.13
2025-05-02$26,954,281.19$16,006,308.91$1.13
2025-05-03$27,829,235.56$1,139,896.86$1.13
2025-05-04$27,936,868.03$350,925.98$1.13
2025-05-05$27,974,955.94$168,484.03$1.13
2025-05-06$28,631,500.43$1,067,697.95$1.13
2025-05-07$28,544,342.71$2,911,708.26$1.13
2025-05-08$30,397,941.83$3,487,582.96$1.13
2025-05-09$31,142,749.58$2,000,610.03$1.13
2025-05-10$29,458,768.25$2,054,261.74$1.13
2025-05-11$29,752,800.17$867,334.03$1.13
2025-05-12$30,483,242.00$1,418,334.30$1.13
2025-05-13$31,164,374.95$1,623,533.79$1.13
2025-05-14$31,900,375.49$204,647.50$1.13
2025-05-15$31,249,613.39$2,818,343.09$1.13
2025-05-16$30,593,700.67$1,303,839.17$1.13
2025-05-17$31,220,288.62$408,978.51$1.13
2025-05-18$30,986,798.28$575,352.24$1.13
2025-05-19$30,971,694.89$333,895.03$1.13
2025-05-20$31,113,218.86$97,131.61$1.13
2025-05-21$30,800,218.45$227,141.94$1.13
2025-05-22$29,987,212.63$181,169.44$1.13
2025-05-23$30,578,472.69$800,344.61$1.13
2025-05-24$31,251,534.84$611,535.46$1.13
2025-05-25$31,358,323.87$233,499.68$1.13
2025-05-26$31,486,967.03$69,151.80$1.13
2025-05-27$31,719,779.62$86,901.90$1.13
2025-05-28$32,084,945.05$72,343.94$1.13
2025-05-29$32,566,661.89$134,800.71$1.13
2025-05-30$33,177,863.78$361,931.56$1.13
2025-05-31$33,418,799.01$257,540.89$1.14
2025-06-01$33,591,762.05$336,367.51$1.13
2025-06-02$33,587,309.69$216,322.10$1.13
2025-06-03$33,554,151.13$64,938.95$1.14
2025-06-04$33,822,492.56$93,825.01$1.14
2025-06-05$34,019,987.60$335,640.91$1.14
2025-06-06$34,374,523.66$105,436.32$1.14
2025-06-07$34,319,096.05$251,035.04$1.14
2025-06-08$34,503,645.30$167,473.21$1.14
2025-06-09$34,938,387.41$119,228.33$1.14
2025-06-10$35,668,815.88$400,895.28$1.14
2025-06-11$36,142,140.25$166,241.45$1.14
2025-06-12$36,650,149.01$415,561.66$1.14
2025-06-13$38,131,577.79$429,977.29$1.14
2025-06-14$37,963,376.82$150,360.47$1.14
2025-06-15$38,083,075.26$318,992.06$1.14
2025-06-16$38,078,052.15$460,149.11$1.14
2025-06-17$38,036,401.82$86,363.53$1.14
2025-06-18$42,237,056.97$569,794.79$1.14
2025-06-19$42,373,750.38$709,600.13$1.14
2025-06-20$43,076,668.75$772,893.86$1.14
2025-06-21$41,837,857.85$659,787.06$1.14
2025-06-22$41,217,179.89$420,661.18$1.14
2025-06-23$41,044,249.41$270,317.72$1.14
2025-06-24$40,109,703.36$125,209.47$1.14
2025-06-25$40,028,165.09$93,898.08$1.14
2025-06-26$39,816,574.56$45,421.92$1.14
2025-06-27$29,977,038.35$5,052,538.21$1.14
2025-06-28$29,664,806.48$484,475.12$1.14
2025-06-29$28,336,538.36$605,313.68$1.14
2025-06-30$28,183,182.57$415,559.93$1.14
2025-07-01$28,178,469.23$86,624.15$1.14
2025-07-02$26,532,771.41$169,411.57$1.14
2025-07-03$26,502,582.09$315,048.28$1.14
2025-07-04$26,842,535.79$255,076.68$1.14
2025-07-05$26,710,180.66$332,033.30$1.14
2025-07-06$26,658,164.59$82,147.21$1.14
2025-07-07$26,632,681.37$18,624.97$1.14
2025-07-08$26,695,629.99$110,493.24$1.14
2025-07-09$26,637,790.03$174,909.04$1.14
2025-07-10$26,677,661.15$142,131.00$1.15
2025-07-11$26,825,545.21$197,743.51$1.14
2025-07-12$26,818,374.57$109,026.04$1.14
2025-07-13$26,920,223.70$193,010.77$1.14
2025-07-14$27,036,598.14$92,939.02$1.15
2025-07-15$26,956,956.12$349,458.99$1.14
2025-07-16$26,834,177.54$372,284.23$1.14
2025-07-17$26,829,241.45$348,124.16$1.15
2025-07-18$26,927,483.89$1,571,015.51$1.14
2025-07-19$28,164,734.65$983,432.23$1.14
2025-07-20$28,370,309.37$435,779.16$1.14
2025-07-21$28,948,929.36$237,629.85$1.14
2025-07-22$29,256,776.03$373,407.25$1.14
2025-07-23$29,726,907.59$639,919.86$1.14
2025-07-24$29,826,848.24$243,754.64$1.15
2025-07-25$30,498,601.39$603,645.50$1.15
2025-07-26$30,795,480.22$733,647.19$1.15
2025-07-27$30,146,345.59$561,813.65$1.15
2025-07-28$31,730,513.24$1,686,876.15$1.15
2025-07-29$32,704,839.30$602,286.40$1.15
2025-07-30$32,819,548.91$243,172.29$1.15
2025-07-31$32,999,000.76$453,973.42$1.15
2025-08-01$33,112,044.94$337,327.19$1.15
2025-08-02$33,136,517.43$347,170.62$1.15
2025-08-03$33,121,225.57$526,703.82$1.15
2025-08-04$33,449,217.78$337,838.84$1.15
2025-08-05$34,085,397.81$735,063.21$1.15
2025-08-06$34,954,383.55$484,329.90$1.15
2025-08-07$35,536,737.82$606,599.63$1.15
2025-08-08$36,027,467.02$1,339,761.50$1.15
2025-08-09$36,482,954.28$1,153,964.33$1.15
2025-08-10$36,370,482.00$419,609.14$1.15
2025-08-11$35,531,761.41$1,436,805.46$1.15
2025-08-12$35,157,374.80$939,143.32$1.15
2025-08-13$34,977,484.99$430,689.92$1.15
2025-08-14$36,992,451.25$158,701.30$1.15
2025-08-15$37,141,578.17$360,220.77$1.15
2025-08-16$37,668,850.09$250,155.21$1.15
2025-08-17$38,136,629.16$846,935.64$1.15
2025-08-18$38,261,758.22$266,709.94$1.15
2025-08-19$38,340,531.86$176,483.89$1.15
2025-08-20$37,577,143.48$1,248,645.72$1.15
2025-08-21$37,777,881.47$132,722.88$1.15
2025-08-22$38,571,237.60$318,654.80$1.15
2025-08-23$38,491,294.94$210,521.37$1.15
2025-08-24$38,455,730.26$227,335.94$1.15
2025-08-25$38,480,250.33$310,041.30$1.15
2025-08-26$38,963,057.39$100,654.12$1.15
2025-08-27$39,349,762.14$282,691.70$1.15
2025-08-28$39,221,466.09$439,306.30$1.15
2025-08-29$38,695,683.73$286,525.18$1.15
2025-08-30$38,537,699.05$327,996.44$1.15
2025-08-31$38,511,780.24$204,685.76$1.15
2025-09-01$38,845,456.01$638,405.30$1.15
2025-09-02$38,957,559.91$414,869.04$1.15
2025-09-03$42,943,110.44$448,156.13$1.16
2025-09-04$42,921,926.86$192,714.96$1.16
2025-09-05$42,933,790.16$1,239,112.19$1.16
2025-09-06$42,929,515.86$478,867.57$1.16
2025-09-07$42,951,835.60$567,028.01$1.16
2025-09-08$42,944,474.20$429,095.79$1.16
2025-09-09$42,963,805.50$406,092.30$1.16
2025-09-10$42,963,358.54$721,586.21$1.16
2025-09-11$42,979,721.22$450,429.87$1.16
2025-09-12$42,978,430.99$1,305,850.93$1.16
2025-09-13$43,007,033.45$525,042.35$1.16
2025-09-14$43,022,862.62$895,210.32$1.16
2025-09-15$43,042,194.46$661,960.55$1.16
2025-09-16$43,023,571.08$694,377.49$1.16
2025-09-17$43,056,425.56$1,619,988.86$1.16
2025-09-18$43,082,208.58$1,586,780.07$1.16
2025-09-19$43,040,780.57$361,761.69$1.16
2025-09-20$43,078,332.34$1,022,927.24$1.16
2025-09-21$43,042,955.36$1,211,232.82$1.16
2025-09-22$43,062,569.89$982,468.73$1.16
2025-09-23$43,070,541.45$604,695.79$1.16
2025-09-24$43,099,908.22$1,256,653.03$1.16
2025-09-25$43,111,203.62$342,148.35$1.16
2025-09-26$43,079,269.57$1,200,986.15$1.16
2025-09-27$43,120,973.53$888,664.47$1.16
2025-09-28$43,120,628.73$555,792.48$1.16
2025-09-29$43,091,263.91$144,923.76$1.16
2025-09-30$43,106,853.27$410,751.57$1.16
2025-10-01$43,134,945.57$1,845,861.87$1.16
2025-10-02$43,135,259.12$332,444.38$1.16
2025-10-03$43,170,532.83$825,247.82$1.16
2025-10-04$43,167,304.38$1,014,239.71$1.16
2025-10-05$43,160,242.66$599,297.08$1.16
2025-10-06$43,155,439.74$456,335.26$1.16
2025-10-07$43,175,244.06$1,458,277.61$1.16
2025-10-08$43,173,319.43$265,817.15$1.16
2025-10-09$43,177,112.55$981,401.45$1.16
2025-10-10$43,220,824.10$255,347.60$1.16
2025-10-11$43,185,992.49$1,857,487.84$1.16
2025-10-12$43,085,876.86$13,821,736.58$1.16
2025-10-13$43,094,222.02$627,357.64$1.16
2025-10-14$43,241,964.41$2,037,636.84$1.16
2025-10-15$43,243,440.47$517,852.70$1.16
2025-10-16$43,229,426.45$471,309.20$1.16
2025-10-17$34,655,441.91$444,137.53$1.16
2025-10-18$34,671,918.17$1,473,057.26$1.16
2025-10-19$33,926,182.28$1,988,083.66$1.16
2025-10-20$34,000,814.64$267,657.18$1.16
2025-10-21$33,438,099.68$1,286,039.26$1.16
2025-10-22$33,009,273.41$540,809.85$1.16
2025-10-23$33,049,072.40$637,374.21$1.17
2025-10-24$33,910,904.94$344,130.99$1.17
2025-10-25$33,473,939.51$389,941.14$1.17
2025-10-26$32,725,294.94$1,551,519.55$1.17
2025-10-27$32,732,020.63$174,531.02$1.17
2025-10-28$32,789,041.57$1,126,243.33$1.17
2025-10-29$33,064,097.70$948,132.72$1.17
2025-10-30$33,488,981.04$1,078,568.05$1.17
2025-10-31$32,275,129.62$2,555,198.01$1.17
2025-11-01$31,567,928.87$1,153,476.38$1.17
2025-11-02$31,235,343.13$1,796,788.32$1.17
2025-11-03$31,170,367.30$339,311.55$1.17
2025-11-04$31,012,999.45$507,999.18$1.17
2025-11-05$27,695,250.21$7,683,538.11$1.17
2025-11-06$27,196,611.07$2,266,355.36$1.17
2025-11-07$27,269,059.49$176,782.70$1.20
2025-11-08$26,572,057.79$1,013,687.56$1.17
2025-11-09$26,531,186.07$1,113,183.65$1.17
2025-11-10$26,559,579.45$594,244.18$1.17
2025-11-11$26,222,121.49$1,257,331.18$1.17
2025-11-12$26,282,549.15$707,250.68$1.17
2025-11-13$26,280,587.15$439,486.12$1.17
2025-11-14$27,034,401.76$978,628.92$1.17
2025-11-15$26,811,855.73$1,059,505.64$1.17
2025-11-16$27,016,410.55$914,150.49$1.17
2025-11-17$27,097,273.19$570,487.60$1.17
2025-11-18$27,032,737.53$792,927.99$1.17
2025-11-19$27,646,306.63$306,817.14$1.17
2025-11-20$27,619,606.18$1,073,311.64$1.17
2025-11-21$27,688,275.94$280,327.09$1.17
2025-11-22$27,514,993.68$1,797,643.87$1.17
2025-11-23$26,931,365.12$411,855.10$1.17
2025-11-24$27,234,445.66$433,868.68$1.17
2025-11-25$27,196,918.13$287,460.60$1.17
2025-11-26$27,204,607.73$467,977.64$1.17
2025-11-27$27,111,458.88$348,950.57$1.17
2025-11-28$26,759,377.06$1,149,360.85$1.17
2025-11-29$25,329,068.53$1,758,718.10$1.17
2025-11-30$25,158,957.81$414,016.63$1.17
2025-12-01$24,925,303.22$1,780,257.68$1.17
2025-12-02$25,358,670.00$1,251,658.90$1.17
2025-12-03$25,501,590.58$284,383.71$1.17
2025-12-04$24,896,919.10$731,550.41$1.17
2025-12-05$24,702,013.72$694,301.23$1.17
2025-12-06$24,774,014.61$184,716.86$1.17
2025-12-07$24,701,131.86$1,795,240.43$1.17
2025-12-08$24,767,462.43$504,602.74$1.17
2025-12-09$25,100,363.45$1,787,094.64$1.17
2025-12-10$24,167,964.09$2,756,471.10$1.17
2025-12-11$24,151,561.68$284,406.72$1.17
2025-12-12$24,357,916.78$978,440.07$1.17
2025-12-13$24,480,270.79$1,593,947.43$1.17
2025-12-14$24,345,669.02$361,434.31$1.17
2025-12-15$24,425,212.07$296,712.85$1.17
2025-12-16$24,521,847.85$534,658.48$1.17
2025-12-17$24,393,307.07$190,997.58$1.17
2025-12-18$24,299,978.88$479,679.67$1.17
2025-12-19$24,355,472.03$747,837.71$1.17
2025-12-20$24,123,667.90$241,610.77$1.17
2025-12-21$24,117,636.65$309,350.17$1.17
2025-12-22$23,858,933.41$334,432.26$1.16
2025-12-23$23,525,518.43$1,844,595.75$1.17
2025-12-24$23,537,752.97$713,565.08$1.17
2025-12-25$23,388,124.08$501,415.41$1.17
2025-12-26$23,397,840.08$219,120.84$1.17
2025-12-27$23,461,012.09$1,256,407.19$1.17
2025-12-28$23,726,920.81$431,628.61$1.17
2025-12-29$23,792,276.90$312,376.07$1.17
2025-12-30$23,750,736.78$58,244.10$1.17
2025-12-31$23,829,100.22$177,186.27$1.18
2026-01-01$23,258,012.43$1,429,752.81$1.17
2026-01-02$23,266,204.57$771,615.60$1.18
2026-01-03$23,474,505.09$1,019,685.74$1.18
2026-01-04$23,626,672.59$177,827.87$1.18
2026-01-05$23,660,390.61$222,101.52$1.18
2026-01-06$23,894,021.28$320,116.73$1.18
2026-01-07$23,807,070.03$1,751,511.71$1.18
2026-01-08$23,754,476.75$252,920.92$1.18
2026-01-09$23,539,997.97$1,491,010.18$1.18
2026-01-10$25,829,250.55$294,588.33$1.18
2026-01-11$25,774,120.23$1,013,400.80$1.18
2026-01-12$25,757,640.69$918,649.84$1.18
2026-01-13$24,465,773.06$1,846,150.04$1.18
2026-01-14$24,519,381.62$3,086,211.19$1.18
2026-01-15$27,248,081.98$53,119.65$1.18
2026-01-16$26,858,153.00$147,078.69$1.18
2026-01-17$26,776,850.86$100,914.97$1.18
2026-01-18$26,709,523.78$968,881.35$1.18
2026-01-19$26,810,342.58$324,643.13$1.18
2026-01-20$26,241,490.17$625,493.50$1.18
2026-01-21$26,176,941.84$695,062.89$1.18
2026-01-22$26,213,105.98$587,067.00$1.18
2026-01-23$30,214,512.48$325,453.46$1.18
2026-01-24$29,975,936.32$353,316.20$1.18
2026-01-25$29,998,704.89$307,250.82$1.18
2026-01-26$29,944,495.33$168,501.10$1.18
2026-01-27$30,083,140.59$185,039.94$1.18
2026-01-28$30,072,549.77$1,593,622.48$1.18
2026-01-29$30,106,009.25$1,137,539.65$1.18
2026-01-30$30,090,362.20$595,545.56$1.18
2026-01-31$29,702,761.63$2,500,717.21$1.18
2026-02-01$29,307,136.76$4,346,147.50$1.18
2026-02-02$29,390,052.86$3,531,031.90$1.18
2026-02-03$29,626,010.23$3,334,498.89$1.18
2026-02-04$29,365,149.52$1,636,526.85$1.18
2026-02-05$29,202,370.94$718,075.08$1.18
2026-02-06$29,138,708.42$2,898,612.24$1.18
2026-02-07$28,934,503.46$6,475,956.24$1.17
2026-02-08$28,977,964.83$731,719.62$1.18
2026-02-09$28,451,735.63$3,774,101.46$1.18
2026-02-10$28,476,841.90$234,383.93$1.18
2026-02-11$28,626,656.94$74,694.79$1.18
2026-02-12$28,632,349.37$297,292.70$1.18
2026-02-13$27,702,758.17$1,495,520.28$1.18
2026-02-14$27,129,263.30$2,084,878.08$1.18
2026-02-15$27,125,355.13$80,510.65$1.18
2026-02-16$27,133,572.17$435,860.29$1.18
2026-02-17$27,202,207.36$2,603,087.69$1.18
2026-02-18$27,248,399.15$341,744.84$1.18
2026-02-19$27,257,311.13$41,289.15$1.18
2026-02-20$27,220,929.14$203,003.78$1.18
2026-02-21$27,114,532.35$847,214.67$1.18
2026-02-22$27,116,191.26$254,986.05$1.18
2026-02-23$27,143,002.19$329,648.80$1.18
2026-02-24$27,034,351.36$581,319.00$1.18
2026-02-25$26,905,259.69$387,341.48$1.18
2026-02-26$26,933,110.74$106,850.51$1.18
2026-02-27$26,909,802.11$494,347.42$1.18
2026-02-28$26,893,602.88$304,359.70$1.18
2026-03-01$26,854,613.40$302,044.68$1.18
2026-03-02$26,859,189.51$231,274.81$1.18
2026-03-03$26,593,881.25$2,792,655.13$1.18
2026-03-04$26,654,460.57$1,369,746.75$1.18
2026-03-05$26,505,498.84$1,053,337.05$1.18
2026-03-06$26,775,035.62$995,355.72$1.18
2026-03-07$26,916,056.33$1,378,799.79$1.19
2026-03-08$26,939,336.56$871,988.02$1.19
2026-03-09$26,901,585.03$175,841.35$1.19
2026-03-10$26,983,875.71$1,629,879.87$1.19
2026-03-11$27,024,257.03$2,862,397.85$1.19
2026-03-12$27,606,798.18$4,215,174.33$1.19
2026-03-13$27,448,607.18$1,849,875.44$1.19
2026-03-14$29,476,484.27$4,014,642.51$1.19
2026-03-15$29,483,433.64$93,805.47$1.19
2026-03-16$29,434,564.15$38,026.70$1.19
2026-03-17$30,020,086.06$2,345,513.06$1.19
2026-03-18$29,799,759.60$595,471.06$1.19
2026-03-19$29,900,122.92$469,102.64$1.19
2026-03-20$30,728,744.99$3,793,466.36$1.19
2026-03-21$30,598,224.34$108,838.74$1.19
2026-03-22$30,407,190.91$344,027.78$1.19
2026-03-23$30,449,790.97$311,545.55$1.19
2026-03-23$30,418,491.95$141,080.05$1.19

Frax Staked frxUSD Market Cap Chart

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.