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Frax Finance - Frax Ether
FRXETH

$3,401.82
Market Cap
+100.00% -
Fully diluted market cap
-
Circulating supply
-
Total supply
-
Max. supply
-
Volume 24h
+26.17% $3,713,864
Volume/Market cap (24h)
+100.00%

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Frax Finance - Frax Ether
FRXETH

$3,401.82
1D
7D
1M
3M
1Y
ALL
Market Cap
+100.00% -
Fully diluted market cap
-
Circulating supply
-
Total supply
-
Max. supply
-
Volume 24h
+26.17% $3,713,864
Volume/Market cap (24h)
+100.00%

FRXETH Price Calculator

FRXETH
USD
1 FRXETH equals $3,401.82 United States Dollar
Last updated 2024/11/23 15:00:30 (UTC)

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

FRXETH Market

FRXETH Market Stats

24h Low & High
Lowest Price
$3,267.76
Highest Price
$3,475.48
All Time High
$4,057.54
Price Change(1h)
-0.19%
Price Change(24h)
+2.98%
Price Change(7d)
+7.93%

FRXETH Price Live Data

The live price of Frax Finance - Frax Ether is $3,401.82 per (FRXETH/USD) today with 24-hour trading volume is $3.71M USD. FRXETH to USD price is updated in real-time. Frax Finance - Frax Ether is +2.98% in the last 24 hours.

FRXETH Price Performance

24DAYS
$162.97
+4.94%
30DAYS
$939.17
+37.23%
90DAYS
$698.03
+25.25%
1YEAR
$1,350.52
+63.96%

About Frax Finance - Frax Ether (FRXETH)

Frax Ether is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the Ethereum staking process for a simplified, secure, and DeFi-native way to earn interest on ETH.

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

frxETH acts as a stablecoin loosely pegged to ETH, leveraging Frax's winning playbook on stablecoins and onboarding ETH into the Frax ecosystem.

sfrxETH is the version of frxETH which accrues staking yield. All profit generated from Frax Ether validators is distributed to sfrxETH holders. By exchanging frxETH for sfrxETH, one become's eligible for staking yield, which is redeemed upon converting sfrxETH back to frxETH.

Frax ETH Minter (frxETHMinter) allows the exchange of ETH for frxETH, bringing ETH into the Frax ecosystem, spinning up new validator nodes when able, and minting new frxETH equal to the amount of ETH sent.

ETH in the Frax ecosystem comes in two forms, frxETH (Frax Ether), and sfrxETH (Staked Frax Ether).

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.

sfrxETH is a ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators. At any time, frxETH can be exchanged for sfrxETH by depositing it into the sfrxETH vault, which allows users to earn staking yield on their frxETH. Over time, as validators accrue staking yield, an equivalent amount of frxETH is minted and added to the vault, allowing users to redeem their sfrxETH for a greater amount of frxETH than they deposited.
The exhange rate of frxETH per sfrxETH increases over time as staking rewards are added to the vault. By holding sfrxETH you hold a % claim on an increasing amount of the vault's frxETH, splitting staking rewards up among sfrxETH holders proportional to their share of the total sfrxETH. This is similar to other autocompounding tokens like Aave's aUSDC and Compound's cUSDC.

How to Buy FRXETH on an Exchange

Step 1: Choose a Reputable Exchange Platform

Select a trusted platform from among many available options for purchasing FRXETH. Some reputable platforms include HTXBybitBitget, and others.

Step 2: Register an Account

Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.

Step 3: Complete Identity Verification

For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.

Step 4: Link Bank or Payment Method

Link your bank account or other payment methods to the exchange platform for making payments when purchasing FRXETH.

Step 5: Purchase FRXETH

Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of FRXETH you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy FRXETH.

Step 6: Store Your FRXETH

After purchasing, you can choose to store your FRXETH in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.

Step 7: Security Reminder

To protect your exchange account and FRXETH assets, be sure to use a strong password and enable two-factor authentication.

FRXETH Price:The Frax protocol issues innovative, decentralized stablecoins and includes supporting subprotocols. Currently, the Frax protocol issues three types of stablecoins: FRAX, FPI, and frxETH.The price fluctuates daily, you can go to the exchange: Bybitto check the price.

Recommended Similar Coins: GOLD、MOLK

FRXETH To Local Currency

Last updated 2024/11/23 16:00:18 (UTC)

How To Buy Frax Finance - Frax Ether

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Frax Finance - Frax Ether and help you discover other cryptocurrencies similar to Frax Finance - Frax Ether.

How to buy?

FAQ

Q
What is the current price of Frax Finance - Frax Ether?
A
We update our Frax Finance - Frax Ether to USD price in real-time. Get the live Price of Frax Finance - Frax Ether on CoinMapAi.
Q
What is the 24 hour trading volume of Frax Finance - Frax Ether?
A
Over the last 24 hours, the trading volume of Frax Finance - Frax Ether is $3.71M.
Q
What is the all time high of Frax Finance - Frax Ether?
A
The all-time high of Frax Finance - Frax Ether is $4.05K. This all-time high is highest price paid for Frax Finance - Frax Ether since it was launched.
Q
Where can I buy Frax Finance - Frax Ether?
A
Frax Finance - Frax Ether can be purchased on multiple centralized exchanges. Please check our buying guide: buy Frax Finance - Frax Ether guide.
Cryptocurrency investment activities, including actions done to buy Frax Finance - Frax Ether online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Frax Finance - Frax Ether instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Frax Finance - Frax Ether purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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