Convert Staked Frax USD SFRXUSD to Dai DAI
SFRXUSD to DAI: 1 Staked Frax USD converts to 1.22 DAI
About SFRXUSD and DAI
Staked Frax USD is climbing, while Dai is falling this week. The current SFRXUSD to DAI conversion rate is 1.22. Inversely, this means that if you convert 1 DAI you will get 0.8221 SFRXUSD. The conversion rate of SFRXUSD/DAI has increased by 0.08% in the last hour (DAI/SFRXUSD decreased by 0.08%). In the last 24 hours, SFRXUSD/DAI grew by 0.05%, while DAI/SFRXUSD shrunk by 0.05%.
The exchange rate of Staked Frax USD is increasing. The current value of 1 SFRXUSD is 1.22 DAI. In other words, to buy 5 Staked Frax USD, it would cost you 6.08 DAI. Inversely, 1 DAI would allow you to trade for 0.8221 SFRXUSD while 50 DAI would convert to 41.10 SFRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.11%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, which means that the highest exchange rate of 1 SFRXUSD to DAI was 1.22 DAI and the lowest 24 hour value was 1 SFRXUSD for 1.22 DAI. Last month, 1 SFRXUSD was worth 1.21 DAI. Today, it's up 0.42%. Looking back a year, Staked Frax USD has changed by 1.16 DAI. That means that in a single year, the value of Staked Frax USD has grown by 4.44%.
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 11:51 am
0.5 SFRXUSD = 0.6082 DAI |
1 SFRXUSD = 1.22 DAI |
5 SFRXUSD = 6.08 DAI |
10 SFRXUSD = 12.16 DAI |
50 SFRXUSD = 60.82 DAI |
100 SFRXUSD = 121.64 DAI |
500 SFRXUSD = 608.22 DAI |
1,000 SFRXUSD = 1,216.44 DAI |
DAI to SFRXUSD values from Today at 11:52 am
0.5 DAI = 0.411 SFRXUSD |
1 DAI = 0.8221 SFRXUSD |
5 DAI = 4.11 SFRXUSD |
10 DAI = 8.22 SFRXUSD |
50 DAI = 41.10 SFRXUSD |
100 DAI = 82.21 SFRXUSD |
500 DAI = 411.03 SFRXUSD |
1,000 DAI = 822.07 SFRXUSD |
SFRXUSD to DAI over time
SFRXUSD | Today | 24H 0.05% | 1M 0.42% | 1Y 4.25% |
|---|---|---|---|---|
0.5 SFRXUSD | 0.6082 DAI | 0.6079 DAI | 0.6057 DAI | 0.5824 DAI |
1 SFRXUSD | 1.22 DAI | 1.22 DAI | 1.21 DAI | 1.16 DAI |
5 SFRXUSD | 6.08 DAI | 6.08 DAI | 6.06 DAI | 5.82 DAI |
10 SFRXUSD | 12.16 DAI | 12.16 DAI | 12.11 DAI | 11.65 DAI |
50 SFRXUSD | 60.82 DAI | 60.79 DAI | 60.57 DAI | 58.24 DAI |
100 SFRXUSD | 121.64 DAI | 121.58 DAI | 121.14 DAI | 116.48 DAI |
500 SFRXUSD | 608.22 DAI | 607.92 DAI | 605.68 DAI | 582.39 DAI |
1,000 SFRXUSD | 1,216.44 DAI | 1,215.85 DAI | 1,211.37 DAI | 1,164.78 DAI |
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