Stablecoin · Synthetic Yield-Bearing · FXS
Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
Hybrid stablecoin pivoting to RWA backing.
FXS price
$0.9918
+0.1% 24h
Latest data · 15 min delay
Total staked
DeFi Llama$125.7M
DeFi Llama1d ago
Staking APR
—
Pending live refresh
Market cap
CoinGecko$109.1M
CoinGecko1d ago
Fees · 24h
$0
DeFi Llama
Market share
+0.34%
Derived
Underlying asset · ETH
Total ETH staked
beaconcha.in43,744,957
beaconcha.instale · 2d ago
Consensus APR
beaconcha.in+2.50%
beaconcha.instale · 2d ago
ETH base rate
—
Pending live refresh
Finalized epoch
beaconcha.in480,766
beaconcha.instale · 2d ago
329 pending partial withdrawals, 12486 consolidations
Live circulating supply (DeFi Llama) plus curated reserves, peg mechanism, and risk facts.
Circulating supply
DeFi Llama / issuer docs (2026-06-18)—
Pending live refresh
# Chains
9
Curated deployment
Peg mechanism
Hybrid collateral transitioning to RWA-backed frxUSD.
Reserves / collateral
frxUSD backed by BlackRock BUIDL / Reg D fund structures via Securitize.
Audit / attestation history
Trail of Bits, Certik, ChainSecurity.
Chains · EVM: yes
Deployment notes
FRAX declining; frxUSD growing.
Funding-rate exposure
Minimal — frxUSD is RWA/T-bill backed rather than perp-hedged.
Yield sources
| Symbol | Name | Role | Class |
|---|---|---|---|
| FRAX | Frax | Original hybrid Frax dollar | Stablecoin |
| frxUSD | Frax USD | RWA-backed (BUIDL) dollar | Stablecoin |
| sFRAX | Staked FRAX | Yield-bearing FRAX | Staked Stablecoin |
Attestation page
https://frax.finance
