Stake DAO FXN (SDFXN) #2949

Stake DAO FXN

SDFXN
Price of 1 Stake DAO FXN today (7 October)
$ 31.66
Market Cap
$ 1.1M
+20%
#3268
Trading Volume, 24h
$ 2.5K
Dominance
0.000034%
In circulation SDFXN
33ย 849.06
Price Min/Max
24 hrs
$ 31.68
$ 33.36
30 days
$ 25.4
$ 34.64
1 year
$ 9.43
$ 76.82
ATH
$ 28.76
$ 44.64
-29% from ATHยท+41% to ATH
SDFXN Sectors:
Stake DAO FXN belongs to the sectors:

Exchanges where SDFXN is traded

Exchange Pair Price Volume, 24h
1 Curve (Ethereum) 1.0 SDFXN/FXN
$ 32.98
FXN 0.9981 spread 0.61%
$ 9324h ago Buy

Calculator SDFXN

SDFXN
USDT

1 SDFXN = 31.66 USD

What is Stake DAO FXN?

Liquid Lockers address a significant issue in the DeFi space. Previously, if a person or protocol wanted to use their lockable tokens (like CRV, FXS, etc.) for governance or for boosting yield, they faced a tough decision. They could either lock on the native protocol, which allowed them to enjoy a yield and ability to vote through governance while losing liquidity.

Alternatively, they could use a locker, reap the benefits of boosted yield and yield farming, have the ability to exit with a limited penalty, but forfeit their governance power. This forced a choice between voting power and yield, imposing restrictions on users.

Liquid Lockers aim to offer the best of both worlds. They enable users to lock their tokens and receive sdTOKENs in return. Users can stake these sdTOKENs on Stake DAO to gain various benefits, such as native APR, a share of boosted strats rewards, the ability to sell voting rights of the underlying asset, and additional SDT incentives. They always have the possibility of exiting their position and returning to the underlying token.

๐Ÿ”‘ Key Features
Yield (rewards earned through underlying protocol)

Liquidity (liquidity pools to exchange sdTokens)

Governance power (ability to vote on underlying protocol with sdTokens)

Vote incentives rewards (due to governance power)

Cross-chain accessibility

How to add Stake DAO FXN to Metamask?

To add SDFXN to the metamask you need:

  1. In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
  2. Copy the smart contract address for Stake DAO FXN from the list below.
  3. Paste into the "Smart Contract Address" field.
  4. Click the "Add Custom Token" button.

The SDFXN is available on the 1 blockchain networks. Below is a list of Stake DAO FXN smartcontract addresses to add to the metamask:

  • Ethereum - 0xe19d1c837b8a1c83a56cd9165b2c0256d39653ad

Official websites and links for Stake DAO FXN

There are currently about 3 official links to Stake DAO FXN websites and social media:

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