If sfrxeth is just a yield bearing token of frxeth,

Question

If sfrxeth is just a yield bearing token of frxeth,

if I staked my frxeth into sfrxeth on 14 may vs after 16 may when the ‘price’ spiked, would I get the same ammount of sfrxeth whether I stake on 14 or after 16 may? My understanding would be that I would get a little less sfrxeth per eth if I staked on 16 rather than 14 of may considering that there are extra two days of yield from staking, but that would be very small change in ammount of sfrxeth I would end up getting per frxeth? But that chart from coingecko in my uneducated opinion implies that conversion/staking rate would have increased by a whole 0.0005 eth which seems far more than just two days of eth staking yield (looking at the chart it was a pretty big jump relative to other ‘spikes’ up or down even if the number doesn’t seem that big)

#cryptocurrency #english #frax

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18.05.2023

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Justin Moore
The price on CoinGecko is wrong because it is most...

Oh ok thanks for clarifying just to make sure I understand correctly. I get about eth to frxeth conversion through the curve pool

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18.05.2023

Justin Moore · Accepted Answer

Justin Moore

The price on CoinGecko is wrong because it is mostly using low-liquidity balancer pools as its source. The route with the most liquidity would be srfrxETH -> frxETH (unlimited, not a swap. This redeems at the underlying conversion rate that goes up over time) -> frxETH/ETH on Curve.

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18.05.2023

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If sfrxeth is just a yield bearing token of frxeth,

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