What is Frax's risk level?

Yielna's risk meter reads Moderate for Frax, from its contracts, their control and its history. It measures structural and historical risk, not future returns.

Is Frax verified by Yielna?

Not at present: Frax does not hold a Yielna badge, which means a requirement is not met or could not be verified.

Who controls Frax's contracts?

Admin control: 3 of 5 signers must approve. Timelock: None — admin changes take effect immediately.

$38.3M, as reported by DefiLlama.

Has Frax been exploited?

No exploit is recorded for Frax.

Frax

Overview

TVL

$38.3M

Down 19% over 90 days

Live since

2020

Staked governance tokens$4.3M· not in TVL

Own-token liquidity (pool2)$123K· not in TVL

TVL, last 90 days

Risk

How it's measured

Moderate

Full data

Security

AuditsAudited by CertiK, Zellic, Certora and 2 others, December 2024Certora · Dec 2024 Code4rena · Sep 2022 Code4rena · Aug 2022

Contract statusAll contracts verified, upgradeableConvexAMO_V1_Recoverer 0x49ee…bd71 Vyper_contract 0xc841…C5b0 Stake_FXS_WETH 0xD875…0d4f Stake_FXS_WETH 0xa293…92b6 Stake_FXS_WETH 0xda2c…9BEC Stake_FXS_WETH 0xDc65…1C88

Upgrades controlled byMultisig0xB174…3f27

Multisig3 of 5 signers must approveSafe 0xB174…3f27

TimelockNone — admin changes take effect immediately

Track record

Through market stressCame through all 5UST/Luna collapse (May 2022) — kept 55% of its depositsFTX collapse (Nov 2022) — kept 97% of its depositsUSDC depeg (Mar 2023) — kept 59% of its depositsAugust 2024 crash — kept 89% of its depositsOctober 2025 liquidation cascade — deposits grew 1390%

Exploit historyNone recorded