Hassan Maishera
On Friday, the API3 team announced via X that the sfrxUSD/frxUSD Exchange Rate is now available on the API3 Market. $sfrxUSD is the yield bearing stablecoin implemented as an ERC4626 token and can always be redeemed for the underlying $frxUSD with no unstaking fee or price impact.
Thanks to this latest integration, developers can start building with this new feed across 40+ blockchains.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $0.548, down 810% in the last 24 hours.
