Convert Redstone RED to Staked Frax USD SFRXUSD
RED to SFRXUSD: 1 Redstone converts to 0.08258 SFRXUSD
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About RED and SFRXUSD
Redstone is falling, while Staked Frax USD is climbing this week. The current RED to SFRXUSD conversion rate is 0.08258. Inversely, this means that if you convert 1 SFRXUSD you will get 12.11 RED. The conversion rate of RED/SFRXUSD has decreased by 0.28% in the last hour (SFRXUSD/RED increased by 0.28%). In the last 24 hours, RED/SFRXUSD shrunk by 2.32%, while SFRXUSD/RED grew by the same amount.
The exchange rate of Redstone is decreasing. The current value of 1 RED is 0.08258 SFRXUSD. In other words, to buy 5 Redstone, it would cost you 0.41289 SFRXUSD. Inversely, 1 SFRXUSD would allow you to trade for 12.11 RED while 50 SFRXUSD would convert to 605.48 RED, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 18.57%. Meanwhile, in the last 24 hours, the rate has changed by 2.31%, and that the highest exchange rate of 1 RED to SFRXUSD was 0.09086 SFRXUSD and the lowest 24 hour value was 1 RED for 0.08041 SFRXUSD. Last month, 1 RED was worth 0.1189 SFRXUSD. Today, it's down 43.99%. Looking back a year, Redstone has changed by 0.2954 SFRXUSD. That means that in a single year, the value of Redstone has shrank by 257.69%.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Staked Frax USD Market Stats
Staked Frax USD (sfrxUSD) is the yielding stablecoin implemented as an ERC4626 token. sfrxUSD is fully redeemable for frxUSD at an increasing rate proportional to the yield mechanism (described below). sfrxUSD is not rebasing and can always be redeemed for the underlying frxUSD with no unstaking fee or price impact. sfrxUSD is unique in yielding design in that it targets a benchmark-rate strategy that alternates between the best of three governance-approved strategies: carry-trade, algorithmic market operations (AMOs), and the Interest on Reserve Balances/T-Bill (IORB) rate. This insures that sfrxUSD’s APY is the most competitive yield onchain.
Conversion tables
RED to SFRXUSD values from Today at 11:41 am
0.5 RED = 0.04129 SFRXUSD |
1 RED = 0.08258 SFRXUSD |
5 RED = 0.4129 SFRXUSD |
10 RED = 0.8258 SFRXUSD |
50 RED = 4.13 SFRXUSD |
100 RED = 8.26 SFRXUSD |
500 RED = 41.29 SFRXUSD |
1,000 RED = 82.58 SFRXUSD |
SFRXUSD to RED values from Today at 11:39 am
0.5 SFRXUSD = 6.05 RED |
1 SFRXUSD = 12.11 RED |
5 SFRXUSD = 60.55 RED |
10 SFRXUSD = 121.10 RED |
50 SFRXUSD = 605.48 RED |
100 SFRXUSD = 1,210.97 RED |
500 SFRXUSD = 6,054.84 RED |
1,000 SFRXUSD = 12,109.68 RED |
RED to SFRXUSD over time
RED | Today | 24H -2.31% | 1M -43.99% | 1Y -257.69% |
|---|---|---|---|---|
0.5 RED | 0.04129 SFRXUSD | 0.04224 SFRXUSD | 0.05945 SFRXUSD | 0.1477 SFRXUSD |
1 RED | 0.08258 SFRXUSD | 0.08449 SFRXUSD | 0.1189 SFRXUSD | 0.2954 SFRXUSD |
5 RED | 0.4129 SFRXUSD | 0.4224 SFRXUSD | 0.5945 SFRXUSD | 1.48 SFRXUSD |
10 RED | 0.8258 SFRXUSD | 0.8449 SFRXUSD | 1.19 SFRXUSD | 2.95 SFRXUSD |
50 RED | 4.13 SFRXUSD | 4.22 SFRXUSD | 5.95 SFRXUSD | 14.77 SFRXUSD |
100 RED | 8.26 SFRXUSD | 8.45 SFRXUSD | 11.89 SFRXUSD | 29.54 SFRXUSD |
500 RED | 41.29 SFRXUSD | 42.24 SFRXUSD | 59.45 SFRXUSD | 147.69 SFRXUSD |
1,000 RED | 82.58 SFRXUSD | 84.49 SFRXUSD | 118.91 SFRXUSD | 295.37 SFRXUSD |
Frequently asked questions
Right now, 1 Redstone is worth about $0.0988.
Based on the current rate, you could get 10.12 RED for 1 USD.
Redstone price has been declining. Since yesterday, the exchange rate of Redstone has decreased. Since last month, the exchange rate of Redstone has decreased. Since this time last year, the price of Redstone has decreased.
You can use our RED to USD calculator at the top of this page to convert any amount of RED to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 50.61 RED. Inversely, 5 RED will cost about $0.494
Redstone is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Redstone.
There are a number of crypto assets that have the a similar or comparable market cap to Redstone, including Aegis YUSD, Marvell Technology Tokenized Stock (Ondo), and Netflix tokenized stock (xStock). For a more robust list of assets to explore, jump to the asset page dedicated to Redstone.
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