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ENA vs FRAX

Head-to-head comparison of yield, risk, and structure.

Verdict: FRAX Yields More

FRAX currently offers 5.34% APY, which is 5.34% higher than ENA. However, investors should consider Unrated risk profile versus ENA's Unrated rating.

E

ENA

Ethena USDtb

Yield (APY)
0.00%
Risk
Unrated
Type
Private Credit
View ENA
Unknown
Yield Source
vesper
Ethereum
Chain
Ethereum
849.4M
TVL
76.2M
ethena-usdtb/index.js
Issuer
frax-rwa/index.js
NB
Credit Rating
NB
F

FRAX

Frax USD

Yield (APY)
5.34%
Risk
Unrated
Type
Private Credit
View FRAX

Why compare ENA vs FRAX?

Investors looking for yield often choose between Ethena USDtb and Frax USD. While FRAX offers a higher APY of 5.34%, it comes with specific risks related to Private Credit.ENA, offering 0.00%, might be considered for its Unrated risk profile or liquidity on Ethereum.