Convert Staked Frax USD SFRXUSD to Dai DAI
SFRXUSD to DAI: 1 Staked Frax USD converts to 1.21 DAI
About SFRXUSD and DAI
Staked Frax USD is climbing, while Dai is falling this week. The current SFRXUSD to DAI conversion rate is 1.21. Inversely, this means that if you convert 1 DAI you will get 0.8298 SFRXUSD. The conversion rate of SFRXUSD/DAI has decreased by 0% in the last hour (DAI/SFRXUSD increased by 0%). In the last 24 hours, SFRXUSD/DAI grew by 0.09%, while DAI/SFRXUSD shrunk by the same amount.
The exchange rate of Staked Frax USD is increasing. The current value of 1 SFRXUSD is 1.21 DAI. In other words, to buy 5 Staked Frax USD, it would cost you 6.03 DAI. Inversely, 1 DAI would allow you to trade for 0.8298 SFRXUSD while 50 DAI would convert to 41.49 SFRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.15%. Meanwhile, in the last 24 hours, the rate has changed by 0.09%, which means that the highest exchange rate of 1 SFRXUSD to DAI was 1.21 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 0.26%. Looking back a year, Staked Frax USD has changed by 1.15 DAI. That means that in a single year, the value of Staked Frax USD has grown by 4.85%.
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 5:53 pm
0.5 SFRXUSD = 0.6026 DAI |
1 SFRXUSD = 1.21 DAI |
5 SFRXUSD = 6.03 DAI |
10 SFRXUSD = 12.05 DAI |
50 SFRXUSD = 60.26 DAI |
100 SFRXUSD = 120.51 DAI |
500 SFRXUSD = 602.57 DAI |
1,000 SFRXUSD = 1,205.15 DAI |
DAI to SFRXUSD values from Today at 5:55 pm
0.5 DAI = 0.4149 SFRXUSD |
1 DAI = 0.8298 SFRXUSD |
5 DAI = 4.15 SFRXUSD |
10 DAI = 8.30 SFRXUSD |
50 DAI = 41.49 SFRXUSD |
100 DAI = 82.98 SFRXUSD |
500 DAI = 414.89 SFRXUSD |
1,000 DAI = 829.77 SFRXUSD |
SFRXUSD to DAI over time
SFRXUSD | Today | 24H 0.09% | 1M 0.26% | 1Y 4.85% |
|---|---|---|---|---|
0.5 SFRXUSD | 0.6026 DAI | 0.602 DAI | 0.601 DAI | 0.5734 DAI |
1 SFRXUSD | 1.21 DAI | 1.20 DAI | 1.20 DAI | 1.15 DAI |
5 SFRXUSD | 6.03 DAI | 6.02 DAI | 6.01 DAI | 5.73 DAI |
10 SFRXUSD | 12.05 DAI | 12.04 DAI | 12.02 DAI | 11.47 DAI |
50 SFRXUSD | 60.26 DAI | 60.20 DAI | 60.10 DAI | 57.34 DAI |
100 SFRXUSD | 120.51 DAI | 120.40 DAI | 120.20 DAI | 114.67 DAI |
500 SFRXUSD | 602.57 DAI | 602.02 DAI | 601.01 DAI | 573.36 DAI |
1,000 SFRXUSD | 1,205.15 DAI | 1,204.05 DAI | 1,202.02 DAI | 1,146.73 DAI |
Frequently asked questions
Right now, 1 Staked Frax USD is worth about CA$1.69.
Based on the current rate, you could get 0.5924 SFRXUSD for 1 CAD.
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 CAD calculator at the top of this page to convert any amount of SFRXUSD to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 2.96 SFRXUSD. Inversely, 5 SFRXUSD will cost about CA$8.44
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 Mantle Restaked Ether, swETH, and Venus ETH. For a more robust list of assets to explore, jump to the asset page dedicated to Staked Frax USD.
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