Overview of Frax vault families
masterThe Frax adapter supports two distinct product families: Fraxlend and Staking vaults. While both report the protocol name Frax, they have different fee structures and underlying implementations.
Supported Chains
- Fraxlend: Ethereum and Arbitrum.
- Staking vaults: Ethereum.
Product Details
Fraxlend
- Mechanism: Fraxlend pairs use an internalised fee model. The protocol mints shares to itself, diluting lenders as interest accrues.
- Fees: The adapter reads the protocol share of lender interest revenue on-chain via the
currentRateInfo()method, as this value varies by pair. - Example Pair:
0x0601b72bef2b3f09e9f48b7d60a8d7d2d3800c6e(Ethereum).
Staking Vaults
- Mechanism: Includes sFRAX and sfrxUSD vaults.
- Fees: These vaults are reported as feeless. Specifically,
sfrxUSDhas no staking or unstaking fees. - Example Addresses:
0x03cb4438d015b9646d666316b617a694410c216d(Ethereum)0xa663b02cf0a4b149d2ad41910cb81e23e1c41c32(Ethereum)0xcf62f905562626cfcdd2261162a51fd02fc9c5b6(Ethereum)