Frax · Ethereum

WFRAX-FRXUSD

Overview

The Frax WFRAX-FRXUSD pool on Ethereum is a single-asset stablecoin position where suppliers earn variable interest on deposits of the algorithmic stablecoin pair WFRAX-FRXUSD. The protocol generates yield by arbitraging between the two tokens to maintain their peg.

Total APY stands at 1.63%, with no additional reward component. Over the past week, the rate has decreased by 0.41% and over the last month, it has dropped by 2.78%, placing the current yield below the 30-day mean of 2.84%.

TVL is $2.34M with no reported change in the past seven days. The primary risk here involves depeg risk on the underlying stablecoin pair. Stability and liquidity depth are key factors influencing the performance of this pool within the algorithmic stables category.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 3.20%; 30-day mean is 3.82%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 65% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.