Frax Ether (frxETH) Live Price and charts Today

1 Frax Ether (frxETH) Price Today in USD is $2,188.45

Frax Ether (frxETH) = $2,188.45 USD

Frax Ether (frxETH) all-time high (ATH) is $4,083.83 USD

The maximum supply of Frax Ether (frxETH) is Unknown

Frax Ether (frxETH) 24h volume is $371.39 Kilo USD

Frax Ether (frxETH) Market Cap is $638.45 Million(s) USD

Frax Ether
$2,188.45
-0.03%
Time Interval :
Time Range :
  • .csv
  • .xls
  • .xlsx
  • Rank #72
  • Market Cap 0.00% $638,447,993
  • 24H Spot Volume 0.00% $371,392.33
  • 24H Volume / Market Cap -
  • Circulating Supply 291,735.44
  • Total Supply 291,735
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID frax-ether copy duigou
  • Project Start Date Nov, 2022
  • Contracts & Explorer(s) coin-img 0x5e8...caa1f
    copy duigou
  • Websites Website
  • Links
    • icon
    • icon
    • icon
    • icon
About frxETH Roadmap & Milestones
Frax Ether (frxETH) is a liquid ETH staking derivative pegged to ETH issued by Frax Finance, an fractional algorithm stablecoin protocol on Ethereum.

frxETH is a liquid staking derivative issued by Frax Finance protocol. Each frxETH is backed by at least 1 ETH in validator nodes at all times.

frxETH acts as a stablecoin loosely pegged to ETH, so that 1 frxETH always represents 1 ETH and the amount of frxETH in circulation matches the amount of ETH in the Frax ETH system. When ETH is sent to the frxETHMinter, an equivalent amount of frxETH is minted. Holding frxETH on its own is not eligible for staking yield and should be thought of as analogous as holding ETH.

The Frax Ether system comprises three primary components, Frax Ether (frxETH), Staked Frax Ether (sfrxETH), and the Frax ETH Minter. 

Liquid staking is a solution of illiquidity problem that happens in staking asset to earn interest, such as ETH validator staking. A liquid staking provider takes token deposits, stakes those tokens, and gives the depositor a receipt which is redeemable for the staked tokens.

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum, Avalanche, BSC, Fantom, and Solana

Expand
Related News
Stablecoin Protocol Prisma Finance Live on Ethereum Mainnet, to Launch $PRISMA Token Stablecoin Protocol Prisma Finance Live on Ethereum Mainnet, to Launch $PRISMA Token
Origin Protocol Launches Yield Aggregating $ETH Derivative Called $OETH Origin Protocol Launches Yield Aggregating $ETH Derivative Called $OETH
Curve's Native Stablecoin $crvUSD Deployed on Mainnet Curve's Native Stablecoin $crvUSD Deployed on Mainnet
Frax Protocol Founder Says $FRAX Stablecoin Will Be Backed By Fed Master Account in the Future Frax Protocol Founder Says $FRAX Stablecoin Will Be Backed By Fed Master Account in the Future
Aave Catching Up with Liquid Staking Trend to Onboard More LSDs Aave Catching Up with Liquid Staking Trend to Onboard More LSDs
Latest News More More
16 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open