Frax EtherPrice(FRXETH)
Details Frax Ether (FRXETH) Price information (USD)
The current real-time price of FRXETH is $2,040.77. In the past 24 hours, FRXETH has traded between $2,037.11 and $2,154.5, showing strong market activity. The all-time high of FRXETH is $4,906.89, and the all-time low is $1,137.25.
From a short-term perspective, the price change of FRXETH over the past 1 hour is
Frax Ether (FRXETH) Market Information
Frax Ether (FRXETH) Today's Price
The live price of FRXETH today is $2,040.77, with a current market cap of $147.418M. The 24-hour trading volume is 423K. The price of FRXETH to USD is updated in real time.
Frax Ether (FRXETH) Price History (USD)
What is FRAX ETHER (FRXETH)?
When is the right time to buy FRXETH? Should I buy or sell FRXETH now?
Before deciding whether to buy or sell FRXETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FRXETH technical analysis can provide you with trading references.
Future price trend of FRXETH
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FRXETH.
How much will FRXETH be worth tomorrow, next week, or next month in ? What about your FRXETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FRXETH Price Prediction
How to buy FRAX ETHER (FRXETH)
Convert FRXETH to local currency
FRXETH Resources
To learn more about FRXETH, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xac3e...bbe38f  | 51,713 | 58.6% |
arbitrum-one | 0x6c5a...91445b | 5,185 | 5.88% |
optimistic-ethereum | 0xa4ef...9b39c0 | 5,003 | 5.67% |
ethereum | 0x4d9f...0f831e | 4,674 | 5.3% |
ethereum | 0x8306...c1a81c | 4,023.000 | 4.56% |
Other | 17,650.49 | 20% |
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FRAX ETHER (FRXETH) FAQ
What is Frax Ether (frxETH) and what is its purpose within the Frax Finance ecosystem?
Frax Ether (frxETH) is a liquid ETH staking derivative and stablecoin system developed by Frax Finance. It aims to simplify the Ethereum staking process for users and maximize staking yields. frxETH is designed to be loosely pegged 1:1 with ETH, representing the ETH staked within the system, thereby offering a liquid representation of staked Ethereum.
How does Frax Ether (frxETH) function, and what is its relationship with the underlying Ethereum (ETH)?
When users deposit ETH into the Frax Ether system, an equivalent amount of frxETH is minted to them. frxETH is designed to maintain a loose 1:1 peg with ETH, meaning one frxETH always represents one ETH. The total frxETH in circulation directly corresponds to the amount of ETH staked within the system. The Frax ETH Minter facilitates this exchange and automatically initiates new validators when sufficient ETH is deposited.
Explain the two-token model utilized by Frax Ether, specifically differentiating between frxETH and sfrxETH and their respective utilities.
The Frax Ether system uses a two-token model: frxETH and sfrxETH. frxETH is pegged 1:1 to ETH and serves as a base token and entry point, but it does not directly accrue staking yield. To earn staking rewards, users must convert their frxETH into sfrxETH (Staked Frax Ether). sfrxETH is an ERC-4626 vault that continuously accrues the staking yield generated by Frax ETH validators, with its exchange rate against frxETH increasing over time.
From where do the staking rewards for Frax Ether originate, and how are these rewards distributed to participants?
Staking rewards are generated by Frax Ether validators, comprising ETH staking rewards, transaction fees, and maximal extractable value (MEV). All profits are primarily distributed to sfrxETH holders. A 10% protocol fee is applied to these rewards, with 8% directed to the Frax protocol treasury (ultimately benefiting FXS holders) and the remaining 2% allocated to an insurance fund. This fund is established to mitigate potential losses from slashing events.
What are the potential risks and vulnerabilities associated with holding or using Frax Ether (frxETH)?
Potential risks include centralization, as a multisig with fewer than four signers controls protocol upgrades, creating a point of susceptibility. There's also a risk of "bad debt" if algorithmic market operations lead to negative slippage in liquidity pools. While frxETH aims for a 1:1 peg, slight over-minting can occur. Furthermore, like any liquid staking derivative, it is exposed to slashing events, though an insurance fund is in place to help cover such occurrences.
How does Frax Ether's model differentiate itself from other liquid staking derivatives available in the market?
Frax Ether distinguishes itself through its unique two-token model. Unlike some other liquid staking solutions where a single token directly accrues rewards, Frax separates frxETH (non-yield bearing, pegged 1:1 to ETH) from sfrxETH (yield-bearing). This separation allows sfrxETH to potentially offer higher effective yields. By concentrating the staking rewards within a smaller pool of sfrxETH, the yield per token can be amplified for holders, compared to models where rewards are distributed across all circulating tokens.
