Frax (sfrxETH)
Is Frax (sfrxETH) safe? It scores C on our five safety checks, passing 3 of 5 — Proof-of-Reserves, Flexible withdrawal, Track record (2+ years incident-free); not passed: Regulation, Insurance Fund. Every check below cites the evidence behind it and links its source. See how it ranks against the other 42 venues we grade →
Why this grade
- ✗
Regulation
Decentralized protocol, not a licensed entity — no regulator or custodian. Legitimacy rests on audits and on-chain transparency. Source →
- ✓
Proof-of-Reserves
Fully open-source and on-chain; validators are visible on the Beacon chain. No formal PoR oracle, but reserves are on-chain verifiable. Source →
- ✓
Flexible withdrawal
NFT-based redemption queue (first-come priority); near-instant exit via the deep Curve frxETH liquidity pools. Source →
- ✗
Insurance Fund
No insurance fund — only a bug bounty (the lower of 10% of the exploit or $10M, paid in FRAX/FXS). Source →
- ✓
Track record (2+ years incident-free)
Zero slashing events and no exploit with user-fund loss. Note a Dec 2025 governance-transparency controversy (a vuln was stealth-patched) — no funds lost, but a red flag. Source →
Incidents we count
Known incidents
No known incidents in the past 2 years
All Frax (sfrxETH) products
Yield products
as of Sep 26, 2026| Product | Rate | Type | Lock | |
|---|---|---|---|---|
| ETH | 2.97 % | liquid staking | — | Open Frax (sfrxETH) → |
What would Frax (sfrxETH) pay you?
How much will you earn?
Method: monthly compounding (1 + APR/12)ⁿ, where APR is the exchange's stated rate. The realized 12-month return is slightly higher due to reinvestment. Rates may change. Not financial advice.
How yields have moved
Source: daily snapshots via exchange API · accumulating since YieldScope launch
This is not an affiliate link. Price for you doesn't change.
Compare Frax (sfrxETH) with others
Asset-by-asset rates and risk grades
Frequently asked questions
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Do you work at Frax (sfrxETH)? The grade above is ours and is not for sale, but the right of reply is. Buy a page and write your own side →