Morpho Watch

frxUSD on Morpho

Frax USD (frxUSD) on Morpho, on every network: $1.24M in 4 vaults, $1.31M lent in 11 markets. Rates differ between vaults and markets because each has its own borrowers, collateral and curator.

Data from Morpho's API · updated

Net APY, largest vault

2.63%

Stake DAO frxUSD High Yield ($655K)

Supply APY, largest market

2.09%

against stakedao-frxsUSDS, Ethereum

Borrow APY, largest market

2.31%

against stakedao-frxsUSDS, Ethereum

In vaults

$1.24M

4 vaults

Earn on frxUSD: vaults

Deposit frxUSD and a curator lends it out for you. Net APY is after the curator's fee.

Vaults that take frxUSD
Vault Deposits Net APY 30‑day APY Fee Withdrawable
Stake DAO frxUSD High YieldV2CrossWorlds (by Stake DAO) · Ethereum · $655K $655K654.91K frxUSD 2.63%incl. 1.22% rewards 1.93% 5% $107K
Frax Ecosystem AcceleratorV2CrossWorlds (by Stake DAO) · Ethereum · $410K $410K410.10K frxUSD 14.36%incl. 13.45% rewards – 10% $501
Feather frxUSDV2Feather · Polygon · $105K $105K105.09K frxUSD 33.62%incl. 6.78% rewards 23.20% 15% $0
Frax USDai EcosystemV2RE7 Labs · Ethereum · $71.5K $71.5K71.49K frxUSD 3.87%incl. 0.29% rewards 3.80% 10% $7.2K

Borrow frxUSD: markets

Markets that lend out frxUSD, each against one kind of collateral.

Markets that lend frxUSD
Market Supplied Supply APY Borrowed Borrow APY Utilization
stakedao-frxsUSDS / frxUSDEthereum · LLTV 91.5% $386K386.28K frxUSD 2.09% $350K$405K collateral 2.31% 90.6%
stakedao-frxUsDOLA / frxUSDEthereum · LLTV 91.5% $222K222.40K frxUSD 0.72%+2.00% rewards $161K$188K collateral 0.99% 72.5%
BRZ / frxUSDPolygon · LLTV 77% $137K137.39K frxUSD 30.87% $124K$266K collateral 34.75% 90.2%
stakedao-crvfrxUSD / frxUSDEthereum · LLTV 91.5% $128K128.20K frxUSD 0.52% $21.2K$30.4K collateral 3.17% 16.6%
stakedao-frxSVUSD / frxUSDEthereum · LLTV 86% $82.0K81.96K frxUSD 2.05%+6.00% rewards $72.3K$91.1K collateral 2.33% 88.2%
stakedao-USD3frxUSD / frxUSDEthereum · LLTV 86% $82.0K81.96K frxUSD 1.93%+6.00% rewards $70.8K$90.3K collateral 2.23% 86.4%
stakedao-frx-trUSD / frxUSDEthereum · LLTV 86% $82.0K81.95K frxUSD 0.00% $1.00$2.00 collateral 0.43% <0.01%
stakedao-frxsUSDe / frxUSDEthereum · LLTV 86% $81.8K81.77K frxUSD 0.38% $30.7K$37.5K collateral 1.02% 37.5%
sUSDai / frxUSDEthereum · LLTV 86% $71.5K71.50K frxUSD 3.99% $64.3K$78.6K collateral 4.45% 89.9%
sPOL / frxUSDPolygon · LLTV 86% $28.4K28.44K frxUSD 41.94% $26.2K$61.5K collateral 46.16% 92.3%
stakedao-FrxMsUSD / frxUSDEthereum · LLTV 91.5% $11.0K11.01K frxUSD 7.73% $9.7K$15.0K collateral 8.84% 88.0%

About frxUSD on Morpho

Frax USD (frxUSD) is on Morpho on 2 networks: Ethereum and Polygon. Morpho prices it at $1.0000.

4 vaults take frxUSD deposits, holding $1.24M in all. The largest is Stake DAO frxUSD High Yield on Ethereum, curated by CrossWorlds (by Stake DAO), with $655K deposited and paying 2.63% net APY after fees.

frxUSD is lent out in 11 markets, with $1.31M supplied and $930K borrowed. The largest is stakedao-frxsUSDS / frxUSD on Ethereum, where borrowers pay 2.31% and lenders earn 2.09%.

frxUSD on Morpho: quick answers

Where can I earn the most on frxUSD on Morpho?

4 vaults take frxUSD deposits; the largest, Stake DAO frxUSD High Yield, pays 2.63% net APY (1.22% of it in token rewards, which can stop at any time). None open to deposits holds $1M yet.

Where is it cheapest to borrow frxUSD on Morpho?

11 markets lend frxUSD, but none in use has $250K or more left to borrow right now.

Which networks is frxUSD on Morpho available on?

Ethereum and Polygon.

Borrowing against frxUSD? Check your numbers with the liquidation price calculator. More assets on the assets page.