YieldCompare · head to head
Ledn vs Frax (sfrxETH)
Asset-by-asset comparison of rates and risk profiles
Short answer
Frax (sfrxETH) is the safer of the two: it passes 3 of our five public safety checks, while Ledn passes 1.
On rates, the highest advertised APY is 5.0 % at Ledn and 2.97 % at Frax (sfrxETH). Base rates only, no promo tiers.
Ledn
Safety grade F
5 checks ✗ ✓ ✗ ✗ ✗
USDT 5.0 %
BTC 0.5 %
ETH 1.0 %
Top product USDT · 5.0 %
Products tracked 4
Coins tracked 4
Jurisdiction Cayman Islands
Founded 2018
Min deposit $10
Open Ledn → 
Frax (sfrxETH)
Safety grade C
5 checks ✗ ✓ ✓ ✗ ✓
USDT —
BTC —
ETH 2.97 %
Top product ETH · 2.97 %
Products tracked 1
Coins tracked 1
Jurisdiction Decentralized (Frax)
Founded 2022
Min deposit $0
Open Frax (sfrxETH) → Safety — check by check
| Check | F Ledn | C Frax (sfrxETH) |
|---|---|---|
| Regulation | ✗ | ✗ |
| Proof-of-Reserves | ✓ | ✓ |
| Flexible withdrawal | ✗ | ✓ |
| Insurance Fund | ✗ | ✗ |
| Track record (2+ years incident-free) | ✗ | ✓ |
| Score | 1/5 · F | 3/5 · C |
The five public criteria behind each platform's grade. Each ✓ is one point — more points, safer grade. A highlighted ✓ is where one platform wins the criterion outright.