Earn

Where Does the Yield Come From?

The f(x) Protocol provides multiple opportunities to earn yields through Earn Pools and FX Auto-Compound mechanisms. These tools leverage BaseTokens, Liquid Staking Derivatives (LSDs), and FXN emissions to generate returns.

Earn Pools

Stable holders can stake their fTokens into Earn Pools (also known as Stability Pools) to earn yields generated by BaseTokens, plus FXN emissions. Each Earn Pool is tailored to the specific characteristics of its collateral.

fxUSD Earn Pools

• Collateral: wstETH and frxETH.

• Yield: Earn wstETH and frxETH rewards.

• Details:

  • fxUSD Earn Pools are segregated by reserve LSD, allowing for variations in yield and leverage across stability pools.

  • Pools reflect the different risks, base yields, and reserve backing of their respective LSDs.

btcUSD Earn Pools

• Collateral: WBTC.

• Yield: Earn WBTC rewards.

• Details:

  • Unlike other BaseTokens, WBTC has no built-in yield.

  • xWBTC holders pay competitive funding rates for leveraged price exposure.

  • btcUSD holders share these funding rates without additional costs, with xWBTC’s funding rate tracking the crvUSD borrowing rate against WBTC.

rUSD Earn Pools

• Collateral: eETH and ezETH (ETH Liquid Restaking Tokens).

• Yield: Earn restaking rewards, including points, without ETH price exposure.

• Details:

  • 100% of reserve points flow to the rUSD Stability Pool, along with 50% of LST yields.

  • This makes the rUSD Stability Pool’s point accrual rate significantly higher than directly holding the LST.

cvxUSD Earn Pools

• Collateral: CVX.

• Yield: Earn staking rewards from Convex Finance.

• Details:

  • Users can stake cvxUSD in Earn Pools to earn CVX staking yields while maintaining the stablecoin’s dollar peg.

fETH Earn Pools

• Collateral: stETH.

• Yield: Earn native LSD rewards from stETH, plus FXN emissions.