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Anybody know why the sfrxETH yield has been so low

lately?

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It’s because most people are staking their frxETH in the sfrxETH vault instead of LPing. Yield is still higher than stETH though. And LPing frxETH-stETH or frxETH-WETH is 5%+ so much higher yields are available for the same kind of price exposure. I think people just want the sfrxETH lower yield for convenience perhaps.

Rico- Автор вопроса
Sam Kazemian ¤⛓️¤
It’s because most people are staking their frxETH ...

Thanks! My thought was also that since not 100% of frxETH is staked it should still have a higher APR than stETH. But Defillama was showing lower APR for sfrxETH (3.75%) than stETH (4.36%). Maybe the data is not 100% accurate there though

Sam Kazemian ¤⛓️¤
It’s because most people are staking their frxETH ...

Also you can borrow aganst sfrxETH on FraxLend but not frxETH/ETH LP

Ouroboros Capital
Also you can borrow aganst sfrxETH on FraxLend but...

you can use frxETH/ETH LP as collateral on fraxlend

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