FRAX vaults
About FRAX vaults
Frax is used in 9 stablecoin vaults with $67.2M TVLacross 1 protocol. The largest vaults are Staked FRAX, Fraxlend Interest Bearing FRAX (Staked Frax Ether) - 16, Fraxlend Interest Bearing FRAX (Arbitrum) - 1and the most popular vault protocol is Frax. The last 30 days' average yield is 0.3%.
About Frax
Frax is a fractional-algorithmic stablecoin protocol on Ethereum. It was originally partially collateralised by USDC and partially stabilised algorithmically, but has since moved to full collateralisation. Frax Finance also offers frxETH liquid staking and the frxUSD stablecoin.
FRAX is a USD-pegged stablecoin issued by Frax Finance. Launched in December 2020, it was the first fractional-algorithmic stablecoin: partially backed by USDC and partially stabilised by the algorithmic burning and minting of the Frax Shares (FXS) governance token. The collateral ratio was adjusted dynamically based on market conditions.
Over time, Frax Finance moved towards full collateralisation. In 2024, Frax Finance launched frxUSD as a fully reserve-backed replacement, backed by US Treasuries and BlackRock's BUIDL fund. FRAX itself remains in circulation but the protocol's primary focus has shifted to frxUSD.
Frax Finance also operates Fraxtal (an L2), frxETH (liquid staking ETH), sFRAX (yield-bearing FRAX), and the FXS governance token.
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fraxlend Interest Bearing FRAX (FXB_4_DEC312026) - 24 Frax | 13.8% | 12.8% | 18.4% | 24.2 | 0.5% | 0.0% | FRAX | $352.96K $996.45K | 2.7 | 0.0%/ 0.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Staked Frax Ether) - 16 Frax | 9.5% | 9.0% | 29.6% | 6.0 | 1.4% | 0.0% | FRAX | $910.64K $69.13M | 3.6 | 0.0%/ 10.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Wrapped liquid staked Ether 2.0) - 28 Frax | 6.4% | 5.9% | 15.7% | 16.6 | 0.3% | 0.0% | FRAX | $40.28K $1.54M | 2.6 | 0.0%/ 10.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Staked USDe) - 31 Frax | 0.8% | 0.8% | 9.6% | 7.5 | 0.1% | 0.0% | FRAX | $13.52K $3.53M | 2.4 | 0.0%/ 10.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Wrapped BTC) - 3 Frax | 0.3% | 0.3% | 8.2% | 15.5 | 0.0% | 0.0% | FRAX | $130.00K $569.43K | 2.7 | 0.0%/ 10.0% | Instant | Low |  | ||
Staked FRAX Frax | 0.1% | 0.4% | 16.1% | 13.6 | 0.0% | 0.0% | FRAX | $64.67M $90.58M | 3.0 | 0.0%/ 0.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Arbitrum) - 1 Frax | 0.0% | 0.0% | 3.8% | 15.5 | 0.0% | 0.0% | FRAX | $509.35K $1.01M | 3.3 | 0.0%/ 10.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Uniswap) - 19 Frax | 0.0% | 0.0% | 46.9% | 7.5 | 0.0% | 0.0% | FRAX | $20.74K $1.49M | 3.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Fraxlend Interest Bearing FRAX (Staked Frax Ether) - 4 Frax | 0.0% | 0.0% | 2.7% | 15.5 | 0.0% | 0.0% | FRAX | $12.24K $297.99K | 2.2 | 0.0%/ 10.0% | Instant | Low |  |
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