Convert Staked Frax USD SFRXUSD to Wrapped Bitcoin WBTC
SFRXUSD to WBTC: 1 Staked Frax USD converts to 0.00001406 WBTC
About SFRXUSD and WBTC
Staked Frax USD is climbing, while Wrapped Bitcoin is falling this week. The current SFRXUSD to WBTC conversion rate is 0.00001406. Inversely, this means that if you convert 1 WBTC you will get 71,100.17 SFRXUSD. The conversion rate of SFRXUSD/WBTC has decreased by 0.02% in the last hour (WBTC/SFRXUSD increased by 0.02%). In the last 24 hours, SFRXUSD/WBTC grew by 0.41%, while WBTC/SFRXUSD shrunk by the same amount.
The exchange rate of Staked Frax USD is increasing. The current value of 1 SFRXUSD is 0.00001406 WBTC. In other words, to buy 5 Staked Frax USD, it would cost you 0.00007032 WBTC. Inversely, 1 WBTC would allow you to trade for 71,100.17 SFRXUSD while 50 WBTC would convert to 3,555,008.50 SFRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.86%. Meanwhile, in the last 24 hours, the rate has changed by 0.21%, and that the highest exchange rate of 1 SFRXUSD to WBTC was 0.00001421 WBTC and the lowest 24 hour value was 1 SFRXUSD for 0.00001401 WBTC. Last month, 1 SFRXUSD was worth 0.00001568 WBTC. Today, it's down 11.46%. Looking back a year, Staked Frax USD has changed by 0.00001042 WBTC. That means that in a single year, the value of Staked Frax USD has grown by 25.93%.
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.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Conversion tables
SFRXUSD to WBTC values from Today at 12:04 am
0.5 SFRXUSD = 0.000007032 WBTC |
1 SFRXUSD = 0.00001406 WBTC |
5 SFRXUSD = 0.00007032 WBTC |
10 SFRXUSD = 0.0001406 WBTC |
50 SFRXUSD = 0.0007032 WBTC |
100 SFRXUSD = 0.001406 WBTC |
500 SFRXUSD = 0.007032 WBTC |
1,000 SFRXUSD = 0.01406 WBTC |
WBTC to SFRXUSD values from Today at 12:05 am
0.5 WBTC = 35,550.08 SFRXUSD |
1 WBTC = 71,100.17 SFRXUSD |
5 WBTC = 355,500.85 SFRXUSD |
10 WBTC = 711,001.70 SFRXUSD |
50 WBTC = 3,555,008.50 SFRXUSD |
100 WBTC = 7,110,016.99 SFRXUSD |
500 WBTC = 35,550,084.95 SFRXUSD |
1,000 WBTC = 71,100,169.90 SFRXUSD |
SFRXUSD to WBTC over time
SFRXUSD | Today | 24H 0.21% | 1M -11.46% | 1Y 25.93% |
|---|---|---|---|---|
0.5 SFRXUSD | 0.000007032 WBTC | 0.000007017 WBTC | 0.000007838 WBTC | 0.000005209 WBTC |
1 SFRXUSD | 0.00001406 WBTC | 0.00001403 WBTC | 0.00001568 WBTC | 0.00001042 WBTC |
5 SFRXUSD | 0.00007032 WBTC | 0.00007017 WBTC | 0.00007838 WBTC | 0.00005209 WBTC |
10 SFRXUSD | 0.0001406 WBTC | 0.0001403 WBTC | 0.0001568 WBTC | 0.0001042 WBTC |
50 SFRXUSD | 0.0007032 WBTC | 0.0007017 WBTC | 0.0007838 WBTC | 0.0005209 WBTC |
100 SFRXUSD | 0.001406 WBTC | 0.001403 WBTC | 0.001568 WBTC | 0.001042 WBTC |
500 SFRXUSD | 0.007032 WBTC | 0.007017 WBTC | 0.007838 WBTC | 0.005209 WBTC |
1,000 SFRXUSD | 0.01406 WBTC | 0.01403 WBTC | 0.01568 WBTC | 0.01042 WBTC |
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