What is frxUSD?
Frax USD (frxUSD / FXUSD) is a USD-pegged stablecoin issued by Frax Finance.
It is designed to maintain a stable value pegged to 1:1 with USD
It is backed by collateral held in regulated and institutional-grade assets
It is intended for stability and payments, rather than price speculation
How to stake
Go to your account
Visit the Earn Page: https://www.ether.fi/app/cash/earn
Select frxUSD under the Stake section
Click Stake and select the amount you want to stake
Click Deposit and Confirm the transaction
Once staked, you will receive frxUSD, and rewards will begin accruing.
Frequently asked questions
What is Frax USD (frxUSD / FXUSD)?
What is Frax USD (frxUSD / FXUSD)?
Frax USD (frxUSD / FXUSD) is a USD-pegged stablecoin issued by Frax Finance. It is designed to maintain a stable value of 1:1 with USD and is backed by collateral held in institutional-grade assets.
What do I need to deposit frxUSD?
What do I need to deposit frxUSD?
You need to send frxUSD from a supported wallet using the correct network (Optimism). A unique deposit address will be generated in-app for your account before you send funds.
What network is supported for frxUSD?
What network is supported for frxUSD?
frxUSD is supported only on the Optimism Network.
What happens if I send from the wrong network?
What happens if I send from the wrong network?
If frxUSD is sent from an unsupported network, the funds may not be accessible immediately. You can read more about possible next steps here:
https://help.ether.fi/en/articles/331197-what-to-do-if-you-sent-unsupported-assets-to-your-member-vault
Still have questions?
If you have any additional questions regarding frxUSD or need further assistance, please feel free to reach out to our support team via email at support@ether.fi. We’ll be happy to help.