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TürkçeStaked FRAX Information
Staked FRAX represents an innovative approach to decentralized finance, combining the stability of a stablecoin with the benefits of staking rewards. By allowing users to earn passive income while maintaining the value stability of their holdings, it appeals to both yield hunters and risk-averse investors. As the DeFi landscape continues to evolve, Staked FRAX stands out as a promising option for those looking to enhance their portfolios.
Understanding Staked FRAX (sfrax): An In-Depth Look
Staked FRAX, commonly referred to as sfrax, is an innovative cryptocurrency that has garnered attention in the decentralized finance (DeFi) space. It represents a unique approach to stablecoins and staking mechanisms, allowing users to earn rewards while maintaining stability in a volatile market. This article explores the advantages and disadvantages of sfrax, its historical performance, and its future outlook.
The Mechanics of Staked FRAX
At its core, Staked FRAX is a staking version of the FRAX stablecoin, which aims to combine the benefits of both algorithmic and fiat-collateralized models. By staking your FRAX, you receive sfrax tokens in return, which can yield interest and provide a secure means of preserving value. Staked FRAX users earn rewards from their staked assets, with the system designed to incentivize participation in the FRAX ecosystem.
Advantages of Staked FRAX
One of the primary advantages of sfrax is its ability to generate passive income through staking rewards. As users lock up their FRAX tokens, they earn returns that can considerably enhance their profitability. Additionally, sfrax aims to maintain a stable value, making it less susceptible to the extreme fluctuations seen in other cryptocurrencies.
Another significant benefit is the low transaction cost associated with utilizing the FRAX ecosystem. As the platform matures, it has become increasingly efficient, allowing users to manage their assets with minimal fees.
Disadvantages of Staked FRAX
However, investing in sfrax is not without its challenges. One of the primary concerns includes the dependency on the overall performance of the FRAX ecosystem. If the underlying stablecoin does not hold its peg well or suffers from loss of user confidence, this may adversely impact the value of sfrax.
Moreover, the staking mechanism means that funds are locked up for a period, which can limit liquidity for investors looking to trade or reallocate their assets quickly. This can be particularly problematic during market downturns when timely access to funds is crucial.
Historical Performance of Staked FRAX
Staked FRAX has experienced its share of volatility since its inception. The token reached its all-time high (ATH) of $1.24 on May 23, 2024, but has since seen a slight decline of approximately 11.47%. On the other hand, it has managed to stay above its all-time low (ATL) of $0.981855, indicating a resilient demand despite market fluctuations.
Throughout its trading history, sfrax has shown a tendency to stabilize around the $1.10 mark, which aligns with its goal to maintain value akin to traditional fiat currencies. The consistent market cap and a circulating supply of over 82 million sfrax tokens further underscore its established market presence.
Future Outlook for Staked FRAX
Looking ahead, the future of Staked FRAX appears promising, particularly as the DeFi market continues to evolve and mature. The growing awareness of yield generation through staking has the potential to attract more investors and users to the FRAX ecosystem.
Moreover, as the technology behind FRAX develops, enhancements to the staking mechanics and overall platform efficiency could lead to an increased adoption of sfrax. If the FRAX protocol continues to successfully implement new features and improve user experience, we may witness a significant uptick in both value and usage of Staked FRAX.
Conclusion
Staked FRAX represents an intriguing opportunity in the cryptocurrency landscape, especially for those interested in combining stablecoin attributes with the benefits of staking. While it has its advantages, potential investors should remain cautious and consider the inherent risks associated with staking and the dependency on the underlying asset's performance.
As the DeFi ecosystem expands and evolves, Staked FRAX is well-positioned to play a role in the future of decentralized finance, making it a coin worth watching for both seasoned investors and newcomers alike.
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from price
$1
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General Information |
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Title
Staked FRAX
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Symbol
sfrax
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-02-07 23:51
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Price Data |
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Current Price $
1.1
$
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High 24h
1.12
$
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Low 24h
1.093
$
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Price Change 24h
0.00071975
$
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Price Change % 24h
0.06522
%
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Market Data |
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Market Cap
90686313
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Total Volume
54269
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Market Cap Change 24h
167197
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Market Cap Change % 24h
0.18471
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
82036899.895539
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Total Supply
82036899.895539
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.24
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ATH Change %
-10.73197
%
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ATH Date
2024-05-23 12:30
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All Time Low (ATL)
0.981855
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ATL Change %
12.60413
%
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ATL Date
2024-03-22 14:55
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