Convert Staked Frax USD SFRXUSD to Dai DAI
1 SFRXUSD converts to 1.20 DAI
About SFRXUSD and DAI
Staked Frax USD is climbing, while Dai is falling this week. The current SFRXUSD to DAI conversion rate is 1.20. Inversely, this means that if you convert 1 DAI you will get 0.8342 SFRXUSD. The conversion rate of SFRXUSD/DAI has increased by 0.01% in the last hour (DAI/SFRXUSD decreased by 0.01%). In the last 24 hours, SFRXUSD/DAI grew by 0.06%, while DAI/SFRXUSD shrunk by the same amount.
The exchange rate of Staked Frax USD is decreasing. The current value of 1 SFRXUSD is 1.20 DAI. In other words, to buy 5 Staked Frax USD, it would cost you 5.99 DAI. Inversely, 1 DAI would allow you to trade for 0.8342 SFRXUSD while 50 DAI would convert to 41.71 SFRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0.02%, which means that the highest exchange rate of 1 SFRXUSD to DAI was 1.20 DAI and the lowest 24 hour value was 1 SFRXUSD for 1.20 DAI. Last month, 1 SFRXUSD was worth 1.20 DAI. Today, it's up 0.16%. Looking back a year, Staked Frax USD has changed by 1.14 DAI. That means that in a single year, the value of Staked Frax USD has grown by 5.14%.
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
SFRXUSD to DAI values from Today at 4:38 am
0.5 SFRXUSD = 0.5993 DAI |
1 SFRXUSD = 1.20 DAI |
5 SFRXUSD = 5.99 DAI |
10 SFRXUSD = 11.99 DAI |
50 SFRXUSD = 59.93 DAI |
100 SFRXUSD = 119.87 DAI |
500 SFRXUSD = 599.34 DAI |
1,000 SFRXUSD = 1,198.69 DAI |
DAI to SFRXUSD values from Today at 4:39 am
0.5 DAI = 0.4171 SFRXUSD |
1 DAI = 0.8342 SFRXUSD |
5 DAI = 4.17 SFRXUSD |
10 DAI = 8.34 SFRXUSD |
50 DAI = 41.71 SFRXUSD |
100 DAI = 83.42 SFRXUSD |
500 DAI = 417.12 SFRXUSD |
1,000 DAI = 834.25 SFRXUSD |
SFRXUSD to DAI over time
SFRXUSD | Today | 24H -0.02% | 1M 0.16% | 1Y 5.14% |
|---|---|---|---|---|
0.5 SFRXUSD | 0.5993 DAI | 0.5995 DAI | 0.5984 DAI | 0.5685 DAI |
1 SFRXUSD | 1.20 DAI | 1.20 DAI | 1.20 DAI | 1.14 DAI |
5 SFRXUSD | 5.99 DAI | 5.99 DAI | 5.98 DAI | 5.69 DAI |
10 SFRXUSD | 11.99 DAI | 11.99 DAI | 11.97 DAI | 11.37 DAI |
50 SFRXUSD | 59.93 DAI | 59.95 DAI | 59.84 DAI | 56.85 DAI |
100 SFRXUSD | 119.87 DAI | 119.90 DAI | 119.68 DAI | 113.71 DAI |
500 SFRXUSD | 599.34 DAI | 599.48 DAI | 598.39 DAI | 568.54 DAI |
1,000 SFRXUSD | 1,198.69 DAI | 1,198.96 DAI | 1,196.78 DAI | 1,137.08 DAI |
Frequently asked questions
Right now, 1 Staked Frax USD is worth about $1.20.
Based on the current rate, you could get 0.8346 SFRXUSD for 1 USD.
Staked Frax USD price has been on the rise. Since yesterday, the exchange rate of Staked Frax USD has increased. Since last month, the exchange rate of Staked Frax USD has increased. Since this time last year, the price of Staked Frax USD has increased.
You can use our SFRXUSD to USD calculator at the top of this page to convert any amount of SFRXUSD to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 4.17 SFRXUSD. Inversely, 5 SFRXUSD will cost about $5.99
Staked Frax USD can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Staked Frax USD.
There are a number of crypto assets that have the a similar or comparable market cap to Staked Frax USD, including Wrapped CRO, ether.fi Staked BTC, and Haedal Staked SUI. For a more robust list of assets to explore, jump to the asset page dedicated to Staked Frax USD.
Related conversions
Learn how to buy popular cryptocurrencies
Popular prediction markets
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.