fx Protocol (FXN)
f(x) Protocol is a decentralized on-chain trading platform that enables stress-free leverage on ETH and WBTC while delivering the highest organic & sustainable yield on stablecoins. By utilizing an innovative mechanism, we offer up to 7X long or short exposure with minimum liquidation risk & funding costs. To fuel the leverage positions, the protocol mints fxUSD, a scalable & decentralized stablecoin with a strong peg to the dollar and backed by wstETH and WBTC.
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Ethereum | $91.21M | 100.0% |
About fx Protocol
fx Protocol is a dual-token stablecoin protocol deployed across 1 chain, led by Ethereum. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare fx Protocol against the wider market on the live protocol rankings, or explore current yields across DeFi.
Official website: https://fx.aladdin.club