Convert Staked Frax USD SFRXUSD to Redstone RED
SFRXUSD to RED: 1 Staked Frax USD converts to 7.64 RED
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About SFRXUSD and RED
Staked Frax USD is falling, while Redstone is climbing this week. The current SFRXUSD to RED conversion rate is 7.64. Inversely, this means that if you convert 1 RED you will get 0.1309 SFRXUSD. The conversion rate of SFRXUSD/RED has decreased by 1.57% in the last hour (RED/SFRXUSD increased by 1.57%). In the last 24 hours, SFRXUSD/RED shrunk by 4.47%, while RED/SFRXUSD grew by the same amount.
The exchange rate of Staked Frax USD is decreasing. The current value of 1 SFRXUSD is 7.64 RED. In other words, to buy 5 Staked Frax USD, it would cost you 38.20 RED. Inversely, 1 RED would allow you to trade for 0.1309 SFRXUSD while 50 RED would convert to 6.55 SFRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 17%. Meanwhile, in the last 24 hours, the rate has changed by 4.95%, and that the highest exchange rate of 1 SFRXUSD to RED was 8.08 RED and the lowest 24 hour value was 1 SFRXUSD for 7.63 RED. Last month, 1 SFRXUSD was worth 10.57 RED. Today, it's down 38.42%. Looking back a year, Staked Frax USD has changed by 2.22 RED. That means that in a single year, the value of Staked Frax USD has grown by 70.93%.
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 7:22 am
0.5 SFRXUSD = 3.82 RED |
1 SFRXUSD = 7.64 RED |
5 SFRXUSD = 38.20 RED |
10 SFRXUSD = 76.39 RED |
50 SFRXUSD = 381.96 RED |
100 SFRXUSD = 763.93 RED |
500 SFRXUSD = 3,819.65 RED |
1,000 SFRXUSD = 7,639.29 RED |
RED to SFRXUSD values from Today at 7:21 am
0.5 RED = 0.06545 SFRXUSD |
1 RED = 0.1309 SFRXUSD |
5 RED = 0.6545 SFRXUSD |
10 RED = 1.31 SFRXUSD |
50 RED = 6.55 SFRXUSD |
100 RED = 13.09 SFRXUSD |
500 RED = 65.45 SFRXUSD |
1,000 RED = 130.90 SFRXUSD |
SFRXUSD to RED over time
SFRXUSD | Today | 24H -4.95% | 1M -38.42% | 1Y 70.93% |
|---|---|---|---|---|
0.5 SFRXUSD | 3.82 RED | 4.01 RED | 5.29 RED | 1.11 RED |
1 SFRXUSD | 7.64 RED | 8.02 RED | 10.57 RED | 2.22 RED |
5 SFRXUSD | 38.20 RED | 40.09 RED | 52.87 RED | 11.10 RED |
10 SFRXUSD | 76.39 RED | 80.17 RED | 105.74 RED | 22.21 RED |
50 SFRXUSD | 381.96 RED | 400.87 RED | 528.72 RED | 111.03 RED |
100 SFRXUSD | 763.93 RED | 801.73 RED | 1,057.43 RED | 222.06 RED |
500 SFRXUSD | 3,819.65 RED | 4,008.66 RED | 5,287.17 RED | 1,110.30 RED |
1,000 SFRXUSD | 7,639.29 RED | 8,017.31 RED | 10,574.34 RED | 2,220.59 RED |
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