f(x) Protocol Documentation

The official source of information regarding f(x) Protocol

What is f(x) Protocol?

f(x) Protocol empowers DeFi to bring an innovative approach to stablecoins and leverage trading.

The f(x) invariant can split any yield-bearing asset into two components:

- A scalable decentralized stablecoin that captures sustainable on-chain real yield - fxUSD

- A leveraged position that delivers up to 10x leverage on ETH with no minimal liquidation risk and no funding cost - the xPOSITION.

On one hand, you can get the first USD delta neutral strategy that captures leveraged real yield (perps trading fees - ETH staking yield - FXN emissions) and; on the other hand, you can opt for a high-volatility position with minimized liquidation risk but without inherent yield.

100% on-chain & scalable. Let's get started 👇