stakedao-FrxMsUSD is Stake DAO's auto-compounding vault for the frxUSD/msUSD Curve stable pool, pairing Frax's frxUSD with Metronome's synthetic msUSD. It earns Curve trading fees and gauge rewards, boosted through Stake DAO's liquid lockers.
This is a max-APY yield loop: stakedao-FrxMsUSD is supplied as collateral and frxUSD is borrowed against it on Morpho, then recycled back into stakedao-FrxMsUSD to multiply the underlying Curve LP Rewards yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.
Live APY, leverage multiplier and available liquidity are shown in the app.