Staked FRAX (sFRAX) is a staking vault that distributes part of the Frax Protocol yield weekly to stakers.

sFRAX APY attempts to roughly track the interest on reserve balances (IORB) rate of the United States Federal Reserve using the IORB oracle. This benchmark rate is generally accepted as the “risk free rate” of the US Dollar. The FRAX staking vault attempts, but does not guarantee in any way, to target this rate.