FRXUSD icon

Best frxUSD yield

The best frxUSD yield at each risk grade, as of 9 Oct 2026, 03:01 UTC: 5.10% APY at grade B on Frax (Ethereum). Yield on Frax's frxUSD and staked sfrxUSD, ranked live with risk shown.

Updated 9 Oct 2026, 03:01 UTC8 platforms
A (Lower risk)Lower risk

No proven grade-A frxUSD offer right now.

B (Moderate risk)Moderate risk
5.10%APY
Frax logoFrax

sfrxUSD · Ethereum · Savings rate · $39.8M liquidity

Main risk: Small stablecoin (under $100M in circulation)

C (Elevated risk)Elevated risk

No proven grade-C frxUSD offer pays meaningfully more than the lower-risk grades right now.

Live frxUSD yields by risk grade

Grouped by risk grade (A lowest risk, D highest), each grade ranked by the lower of today's rate and its 7-day average. We may earn commissions; they never change the order.

Benchmark: the 3-month US Treasury bill pays 4.23% (Oct 8); tokenized Treasury funds in our feed pay about 3.50% after fees.

B (Moderate risk)Moderate risk
frxUSD offers

1 offer
Frax logo
Frax

Ethereum · sfrxUSD · Savings rate

5.10%APY30d avg 4.94%. This rate has held close to its 30-day average.
Earn

C (Elevated risk)Elevated risk
frxUSD offers

Top 5 of 6
Curve DEX logo
Curve DEX

Ethereum · SFRXUSD-FRXUSD · Liquidity pool

3.05%APY30d avg 3.21%. This rate has held close to its 30-day average.
Earn
Less proven below. Under a month of steady history, a rate far from its own 30-day norm, under $10M to exit into, mostly incentives, maturing within a month, first-loss backstop capital, a dollar off its peg or limited access. Why
Aave V4 logo
Aave V4

Ethereum · Core · DeFi lending

5.47%APY2.80% rewards of the 5.47% rate are temporary incentives, not organic yield30d avg 5.61%. This rate has held close to its 30-day average.
Earn
Fraxlend logo
Fraxlend

Ethereum · sfrxETH collateral · DeFi lending

3.43%APY30d avg 3.39%. This rate has held close to its 30-day average.
Earn
Fraxlend logo
Fraxlend

Ethereum · WBTC collateral · DeFi lending

2.37%APY30d avg 2.66%. This rate has held close to its 30-day average.
Earn
Fraxlend logo
Fraxlend

Ethereum · WFRAX collateral · DeFi lending

1.55%APY30d avg 1.48%. This rate has held close to its 30-day average.
Earn

D (Higher risk)Higher risk
frxUSD offers

Top 5 of 29
Convex Finance logo
Convex Finance

Ethereum · FRXUSD-USD3 · Liquidity pool

14.2%APY11.4% rewards of the 14.2% rate are temporary incentives, not organic yield30d avg 14.8%. This rate has held close to its 30-day average.
Earn
Stake DAO Yield logo
Stake DAO Yield

Ethereum · FRXUSD-USD3 · Curve · Liquidity pool

12.1%APY9.84% rewards of the 12.1% rate are temporary incentives, not organic yield30d avg 14.4%. This rate has drifted modestly from its 30-day average.
Earn
Convex Finance logo
Convex Finance

Ethereum · FRXUSD-MSUSD · Liquidity pool

12.0%APY11.5% rewards of the 12.0% rate are temporary incentives, not organic yield30d avg 12.7%. This rate has drifted modestly from its 30-day average.7-day avg · 14.7% today
Earn
Beefy logo
Beefy

Ethereum · FRXUSD-MSUSD · Convex · Yield vault

11.6%APY30d avg 12.6%. This rate has drifted modestly from its 30-day average.7-day avg · 14.4% today
Earn
Convex Finance logo
Convex Finance

Ethereum · FRXUSD-AVUSD · Liquidity pool

11.5%APY11.4% rewards of the 11.5% rate are temporary incentives, not organic yield30d avg 11.9%. This rate has held close to its 30-day average.
Earn

Each Earn link opens the platform’s own page. How we stay neutral.

Compare all 36 with filters

Why the best frxUSD pick is graded B

B (Moderate risk)Frax sfrxUSD · Ethereum
  • Small stablecoin (under $100M in circulation)+2
2 risk points → grade B. How we grade.
Average frxUSD rate, last 90 days
low 3.45%today 4.42%high 7.15%
TypicalTypically 4.52%. The average APY across frxUSD markets with $10M+ in deposits, weighted by deposits.

How each kind of frxUSD yield works

Related assets

USDC USD CoinUSDT TetherDAI Dai / USDSUSDe Ethena USDeGHO Aave GHOcrvUSD Curve USDPYUSD PayPal USDRLUSD Ripple USDAll assets