f(x) Protocol
f(x) Protocol f(x) Protocol is a decentralized stablecoin and leveraged trading system on Ethereum. Its core product is an overcollateralized stablecoin backed solely by staked Ethereum and wrapped Bitcoin, with no off-chain custody involved. Users can use staked Ethereum or wrapped Bitcoin as collateral to borrow this stablecoin and pay a fixed one-time fee; they can also open leveraged long and short positions on ETH and BTC through f(x) Protocol, gaining up to 7x exposure by recursively using this stablecoin against the same collateral. Both paths mint the stablecoin against the same supporting assets.USDC to earn yield. Yield is organically generated, rather than funded by FXN emissions or token inflation.
Overview
f(x) Protocol f(x) Protocol is a decentralized stablecoin and leveraged trading system on Ethereum. Its core product is an overcollateralized stablecoin backed solely by staked Ethereum and wrapped Bitcoin, with no off-chain custody involved. Users can use staked Ethereum or wrapped Bitcoin as collateral to borrow this stablecoin and pay a fixed one-time fee; they can also open leveraged long and short positions on ETH and BTC through f(x) Protocol, gaining up to 7x exposure by recursively using this stablecoin against the same collateral. Both paths mint the stablecoin against the same supporting assets.USDC to earn yield. Yield is organically generated, rather than funded by FXN emissions or token inflation.
- Ecosystem
- Ethereum
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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