Convert Staked Frax USD SFRXUSD to Redstone RED
1 SFRXUSD converts to 12.24 RED
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Restrictions apply, see full terms.
About SFRXUSD and RED
Staked Frax USD is climbing, while Redstone is falling this week. The current SFRXUSD to RED conversion rate is 12.24. Inversely, this means that if you convert 1 RED you will get 0.08173 SFRXUSD. The conversion rate of SFRXUSD/RED has increased by 0.08% in the last hour (RED/SFRXUSD decreased by 0.08%). In the last 24 hours, SFRXUSD/RED grew by 2.22%, while RED/SFRXUSD shrunk by the same amount.
The exchange rate of Staked Frax USD is increasing. The current value of 1 SFRXUSD is 12.24 RED. In other words, to buy 5 Staked Frax USD, it would cost you 61.18 RED. Inversely, 1 RED would allow you to trade for 0.08173 SFRXUSD while 50 RED would convert to 4.09 SFRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 16.21%. Meanwhile, in the last 24 hours, the rate has changed by 4.49%, which means that the highest exchange rate of 1 SFRXUSD to RED was 12.43 RED and the lowest 24 hour value was 1 SFRXUSD for 11.01 RED. Last month, 1 SFRXUSD was worth 8.41 RED. Today, it's up 31.27%. Looking back a year, Staked Frax USD has changed by 3.39 RED. That means that in a single year, the value of Staked Frax USD has grown by 72.33%.
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.
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).
Conversion tables
SFRXUSD to RED values from Today at 12:01 pm
0.5 SFRXUSD = 6.12 RED |
1 SFRXUSD = 12.24 RED |
5 SFRXUSD = 61.18 RED |
10 SFRXUSD = 122.35 RED |
50 SFRXUSD = 611.77 RED |
100 SFRXUSD = 1,223.54 RED |
500 SFRXUSD = 6,117.71 RED |
1,000 SFRXUSD = 12,235.42 RED |
RED to SFRXUSD values from Today at 12:04 pm
0.5 RED = 0.04086 SFRXUSD |
1 RED = 0.08173 SFRXUSD |
5 RED = 0.4086 SFRXUSD |
10 RED = 0.8173 SFRXUSD |
50 RED = 4.09 SFRXUSD |
100 RED = 8.17 SFRXUSD |
500 RED = 40.86 SFRXUSD |
1,000 RED = 81.73 SFRXUSD |
SFRXUSD to RED over time
SFRXUSD | Today | 24H 4.49% | 1M 31.27% | 1Y 72.33% |
|---|---|---|---|---|
0.5 SFRXUSD | 6.12 RED | 5.84 RED | 4.20 RED | 1.69 RED |
1 SFRXUSD | 12.24 RED | 11.69 RED | 8.41 RED | 3.39 RED |
5 SFRXUSD | 61.18 RED | 58.43 RED | 42.05 RED | 16.93 RED |
10 SFRXUSD | 122.35 RED | 116.87 RED | 84.10 RED | 33.86 RED |
50 SFRXUSD | 611.77 RED | 584.33 RED | 420.49 RED | 169.28 RED |
100 SFRXUSD | 1,223.54 RED | 1,168.66 RED | 840.98 RED | 338.55 RED |
500 SFRXUSD | 6,117.71 RED | 5,843.29 RED | 4,204.90 RED | 1,692.76 RED |
1,000 SFRXUSD | 12,235.42 RED | 11,686.58 RED | 8,409.80 RED | 3,385.53 RED |
Frequently asked questions
Right now, 1 Staked Frax USD is worth about $1.20.
Based on the current rate, you could get 0.8357 SFRXUSD for 1 USD.
Staked Frax USD price has been declining. Since yesterday, the exchange rate of Staked Frax USD has decreased. 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 4.18 SFRXUSD. Inversely, 5 SFRXUSD will cost about $5.98
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 Haedal Staked SUI, ether.fi Staked BTC, and Wrapped CRO. For a more robust list of assets to explore, jump to the asset page dedicated to Staked Frax USD.
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