risk managerGauntletforum.euler.finance
↓Offboarding low demand tokens from Euler Prime and Euler Yield
sfrxUSD has low utilization at $5,096 supply on Euler Yield, justifying removal.
Overview
Frax Staked frxUSD(SFRXUSD)
Token Price$1.2
24h Change+0.094%
All Time HighSep 12, 2025$1.26
All Time LowFeb 28, 2025$1.06
Key Metrics
Market Cap$39.31m
Fully Diluted Valuation$39.31m
Circ. Supply32.79m SFRXUSD
Volume 24h$419,083
CEX Volume$0
DEX Volume$421,027
Risks
How much debt can be issued against SFRXUSD as collateral across lending protocols.
Maximum possible exposure to SFRXUSD
$0.63
$0.061 (max additional borrows against SFRXUSD) + $0.57 (bad debt if SFRXUSD was hacked now)
Morpho V1
$0.63 at-risk exposure = $0.57 bad debt if hacked + $0.061 additional borrowable against SFRXUSD
Methodology and limitations
Showing collateral exposure for SFRXUSD on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for SFRXUSD as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
sfrxUSD0x5bff88ca1442c2496f7e475e9e7786383bc070c0 | $0.051 | $0.46 | ||
sfrxUSD0x5bff88ca1442c2496f7e475e9e7786383bc070c0 | $0.0096 | $0.11 |
Risk Timeline
Risk-management actions published about SFRXUSD by tracked risk managers and governance contributors, newest first.
risk managerGauntletforum.euler.finance
↑Integrate frxUSD and sfrxUSD on Euler Prime and Yield
sfrxUSD is an ERC-4626 yield-bearing vault for frxUSD, deploying assets into tokenized U.S. Treasuries like BUIDL/USTB and DeFi strategies, with 52% of frxUSD supply staked and $8.1M liquidity. Redemptions are available at prevailing rates, though large withdrawals may involve unwinding positions in stress, justifying collateral-only integration on Euler Yield.
contributor@ACIgovernance.aave.com
↑Onboard frxUSD and sfrxUSD to Aave v3 on Sonic
sfrxUSD is an ERC4626 yield-bearing stablecoin that automatically allocates capital across benchmark-driven strategies including carry trades, AMOs, and base T-Bill rates, consistently delivering higher APYs than competitors like sUSDS and sUSDe. Its dynamic rebalancing ensures optimal returns across market cycles, making it suitable as collateral.
Token Usage
An is required to view token usage.
Yields
Showing 10 of 16 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSFRXUSD | $33.33m | 3.85% | 3.85% | 3.96% | |||||
| open in new tabSFRXUSD-FRXUSD | $11.81m | 2.05% | 1.19% | 2.04% | |||||
| open in new tabREUSD-SFRXUSD | $3.97m | 3.75% | 1.50% | 7.52% | |||||
| open in new tabREUSD-SFRXUSD | $2.56m | 7.07% | 1.50% | 10.56% | |||||
| open in new tabREUSD-SFRXUSDCurve | $1.5m | 6.17% | 1.46% | 11.43% | |||||
| open in new tabSFRXUSD-SCRVUSD | $216,019 | 2.94% | 2.94% | 3.08% | |||||
| open in new tabSCRVUSD-SFRXUSD | $99,531 | 2.56% | 2.56% | 2.67% | |||||
| open in new tabSDUSD-SFRXUSD | $54,028 | 11.64% | 11.64% | 11.83% | |||||
| open in new tabSCRVUSD-SFRXUSDCurve | $35,289 | 3.42% | 3.42% | 2.50% | |||||
| open in new tabREUSD-SFRXUSDConvex | $10,162 | 6.77% | 10.39% |
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