Convert Frax Staked Ether SFRXETH to Hermes Protocol HERMES
SFRXETH to HERMES: 1 Frax Staked Ether converts to 8,001,056.50 HERMES
About SFRXETH and HERMES
Frax Staked Ether is climbing, while Hermes Protocol is falling this week. The current SFRXETH to HERMES conversion rate is 8,001,056.50. Inversely, this means that if you convert 1 HERMES you will get 0.000000125 SFRXETH. The conversion rate of SFRXETH/HERMES has increased by 0.03% in the last hour (HERMES/SFRXETH decreased by 0.03%). In the last 24 hours, SFRXETH/HERMES grew by 0.48%, while HERMES/SFRXETH shrunk by the same amount.
The exchange rate of Frax Staked Ether is increasing. The current value of 1 SFRXETH is 8,001,056.50 HERMES. In other words, to buy 5 Frax Staked Ether, it would cost you 40,005,282.48 HERMES. Inversely, 1 HERMES would allow you to trade for 0.000000125 SFRXETH while 50 HERMES would convert to 0.000006249 SFRXETH, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.55%. Meanwhile, in the last 24 hours, the rate has changed by 0.49%, which means that the highest exchange rate of 1 SFRXETH to HERMES was 7,998,285.02 HERMES and the lowest 24 hour value was 1 SFRXETH for 7,944,761.94 HERMES. Last month, 1 SFRXETH was worth 6,980,440.53 HERMES. Today, it's up 12.76%. Looking back a year, Frax Staked Ether has changed by 2,039,009.15 HERMES. That means that in a single year, the value of Frax Staked Ether has grown by 74.52%.
Frax Staked Ether Market Stats
Staked Frax Ether is the vault token that accrues all proof of stake rewards of ETH validators run by Frax Finance protocol. sfrxETH is ERC4626 compliant and a non-rebasing, interest bearing token.
Hermes Protocol Market Stats
What is the project about? Hermes DEX main goal is to let users and other decentralized protocols exchange both volatile assets (DAI to WETH for example) and stablecoins (DAI to USDC for example) through it with low fees and low slippage. Unlike exchanges out there that match a buyer and a seller, the behavior of Hermes is different, it uses liquidity pools like Uniswap. To achieve this, Hermes needs liquidity (tokens) which is rewarded by those who provide it. Hermes is non-custodial meaning the Hermes developers do not have access to your tokens. What makes your project unique? Stable coins have become an inherent part of cryptocurrency for a long time but they now come in many different flavors (DAI, TUSD, MIM, BUSD, USDC and so on) which means there is a much bigger need for crypto users to move from a stable coin to another. Centralized exchanges tend to have high fees which are problematic for those trying to move from a stable coin to another. As a result, Hermes Protocol has become the best place to exchange stable coins because of its low fees and low slippage. And Hermes also allows swaps with volatile assets. History of your project. Hermes Protocol officially launched in February 2022 and started emissions in March 2022. What’s next for your project? Introducing Yield and Concentrated Unified Liquidity Omnichain Marketplaces. Hermes V2 will offer multiple defi services compared to V1, while improving capital efficiency and user experience: - Bridge-less omnichain environment, powered with concentrated (Uni V3) and unified liquidity. - Decentralized Uniswap V3 Liquidity Management. - Uniswap V3 Liquidity Incentives. - Refined ve(3,3), becoming a fungible ERC-4626 - Improved UX and UI - Omnichain Yield marketplace What can your token be used for? Hermes token when staked for veHermes allows liquidity providers to take decisions on adding new gauges, boosting gauge yields, voting on token emission, and receive bribes.
Conversion tables
SFRXETH to HERMES values from Today at 10:24 pm
0.5 SFRXETH = 4,000,528.25 HERMES |
1 SFRXETH = 8,001,056.50 HERMES |
5 SFRXETH = 40,005,282.48 HERMES |
10 SFRXETH = 80,010,564.97 HERMES |
50 SFRXETH = 400,052,824.84 HERMES |
100 SFRXETH = 800,105,649.69 HERMES |
500 SFRXETH = 4,000,528,248.44 HERMES |
1,000 SFRXETH = 8,001,056,496.88 HERMES |
HERMES to SFRXETH values from Today at 10:24 pm
0.5 HERMES = 0.00000006249 SFRXETH |
1 HERMES = 0.000000125 SFRXETH |
5 HERMES = 0.0000006249 SFRXETH |
10 HERMES = 0.00000125 SFRXETH |
50 HERMES = 0.000006249 SFRXETH |
100 HERMES = 0.0000125 SFRXETH |
500 HERMES = 0.00006249 SFRXETH |
1,000 HERMES = 0.000125 SFRXETH |
SFRXETH to HERMES over time
SFRXETH | Today | 24H 0.49% | 1M 12.76% | 1Y 74.52% |
|---|---|---|---|---|
0.5 SFRXETH | 4,000,528.25 HERMES | 3,980,912.10 HERMES | 3,490,220.27 HERMES | 1,019,504.58 HERMES |
1 SFRXETH | 8,001,056.50 HERMES | 7,961,824.21 HERMES | 6,980,440.53 HERMES | 2,039,009.15 HERMES |
5 SFRXETH | 40,005,282.48 HERMES | 39,809,121.03 HERMES | 34,902,202.66 HERMES | 10,195,045.77 HERMES |
10 SFRXETH | 80,010,564.97 HERMES | 79,618,242.05 HERMES | 69,804,405.31 HERMES | 20,390,091.54 HERMES |
50 SFRXETH | 400,052,824.84 HERMES | 398,091,210.27 HERMES | 349,022,026.56 HERMES | 101,950,457.69 HERMES |
100 SFRXETH | 800,105,649.69 HERMES | 796,182,420.54 HERMES | 698,044,053.12 HERMES | 203,900,915.37 HERMES |
500 SFRXETH | 4,000,528,248.44 HERMES | 3,980,912,102.72 HERMES | 3,490,220,265.58 HERMES | 1,019,504,576.86 HERMES |
1,000 SFRXETH | 8,001,056,496.88 HERMES | 7,961,824,205.45 HERMES | 6,980,440,531.15 HERMES | 2,039,009,153.73 HERMES |
Frequently asked questions
Right now, 1 Frax Staked Ether is worth about $2,151.90.
Based on the current rate, you could get 0.0004647 SFRXETH for 1 USD.
Frax Staked Ether price has been on the rise. Since yesterday, the exchange rate of Frax Staked Ether has increased. Since last month, the exchange rate of Frax Staked Ether has increased. Since this time last year, the price of Frax Staked Ether has decreased.
You can use our SFRXETH to USD calculator at the top of this page to convert any amount of SFRXETH to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.002324 SFRXETH. Inversely, 5 SFRXETH will cost about $10,759.52
Frax Staked Ether can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Frax Staked Ether.
There are a number of crypto assets that have the a similar or comparable market cap to Frax Staked Ether, including ether.fi Staked ETH, Beacon ETH, and Staked Aave. For a more robust list of assets to explore, jump to the asset page dedicated to Frax Staked Ether.
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