The current real-time price of SFTMX is $0.2035. In the past 24 hours, SFTMX has traded between $0.0928 and $0.2035, showing strong market activity. The all-time high of SFTMX is $1.67, and the all-time low is $0.0552.
From a short-term perspective, the price change of SFTMX over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is +116.83%. These figures provide a quick overview of the latest price trends and market dynamics of SFTMX on LBank.+1.40%
The live price of SFTMX today is $0.2035, with a current market cap of $4.034M. The 24-hour trading volume is 232.93. The price of SFTMX to USD is updated in real time.
Before deciding whether to buy or sell SFTMX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SFTMX technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SFTMX.
How much will SFTMX be worth tomorrow, next week, or next month in ? What about your SFTMX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SFTMX Price Prediction
To learn more about SFTMX, consider exploring other resources such as the whitepaper, official website, and other published information:
sFTMX is a liquid staking token on the Fantom network that functions as a yield-bearing asset. It is categorized as a cToken, meaning that instead of the token balance increasing in a wallet, the value of the token itself grows relative to FTM over time. This allows users to earn staking rewards while keeping their capital liquid for use in other decentralized finance activities.
The exchange rate for sFTMX starts at a 1:1 ratio and increases as staking rewards are added to the pool. The rate is calculated by taking the total amount of FTM staked plus all accrued rewards, then dividing that sum by the total amount of sFTMX currently minted. This ensures the token reflects the underlying value of the assets and the rewards generated by the protocol.
There are two primary fee structures. First, a validator fee of approximately 15% of the staking rewards is allocated to node operators. Second, the protocol takes a 10% fee on the remaining rewards after validator costs are covered. The yield reflected on the platform's interface is typically the net amount after these fees have been deducted.
Users have two options for conversion. They can perform a direct unstaking via the protocol dashboard, which involves a 7-day unbonding period standard to the network. Alternatively, they can swap sFTMX for FTM instantly through decentralized exchange pools. While the protocol maintains a reserve for instant redemptions, a small penalty may apply if the reserve is exhausted and a validator lock must be broken.
The smart contracts for sFTMX have been audited by security firms such as Peckshield and Halborn. To manage slashing risk, the protocol distributes funds across a curated set of top-tier validators. However, users should be aware of standard decentralized finance risks, including potential smart contract vulnerabilities and market volatility that may cause temporary fluctuations in the market price compared to the underlying redemption value.
With the transition to the Sonic network, sFTMX is expected to be replaced by a new token called stS (Staked Sonic). This migration is not automatic. Holders will likely need to undelegate their sFTMX to retrieve FTM, bridge those assets to the new network, and then stake the new native tokens to receive the updated liquid staking derivative on the updated platform.
Time (UTC+8) | Type | News |
|---|---|---|
01-08 01:36:32 | Market Information | Beethoven X is undergoing a significant evolution as it transitions from the Fantom network to Sonic, rebranding itself as BEETS. The protocol has officially launched stS as the successor to sFTMx, establishing a dedicated liquid staking hub on the Sonic mainnet. Following the DAO acquisition of sFTMx from Stader Labs, holders are encouraged to migrate to stS via a 1:1 asset path. Supported by the Sonic Innovator Fund, this transition positions the protocol as a core liquidity layer utilizing Balancer v3 technology to drive yield and ecosystem composability within the emerging Sonic DeFi landscape. |
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