What is Leveraged frxETH (XFRXETH)?
The xfrxETH token, also called leveraged frxETH, is a decentralized, composable leveraged long frxETH futures contract with a low risk of liquidations and 0 funding fee (and in extreme cases, xETH minters can earn fees). It’s a token to amplify your gains on a long-term bet on ETH price growth. As the price of the reserve token varies, so too does the amount of base token a user may redeem for each of the stable and volatile tokens. The stable token is held fixed at a USD value of $1, so as the price of stETH in the reserve rises, the volatile token price rises at a multiple rate of stETH.
How does Leveraged frxETH work?
Based on the performance of xETH, this multiple generally varies between 1.5x — 4x though though it can rise as high as 4.3X before the protocol responds to limit it.
Where can you buy Leveraged frxETH?
Leveraged frxETH (XFRXETH) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for XFRXETH sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting XFRXETH, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Leveraged frxETH (XFRXETH)?
The reported 24-hour trading volume of Leveraged frxETH is $0.00. Volume is a live reading of how much XFRXETH changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.