fx Docs
  • f(x) Protocol Documentation
  • OVERVIEW
    • 📖Abstract
    • ⭐Core Products of f(x) Protocol 2.0
  • f(x) Protocol Mechanisms
    • ⚖️The f(x) Invariant
    • ⚙️Key Functions of f(x) 2.0
    • 🚀Creating a Leveraged Position (xPOSITION)
    • 🪂Rebalancing the Position (Liquidation Brake)
      • Understanding the band system
      • Liquidation process
      • Developers
    • 💰Stability Pool
    • 💵Fees
  • RISK MANAGEMENT
    • 🧘‍♂️Risk framework
    • ✅Advanced Peg Protection Mechanisms
      • Understanding the redemption mechanism
    • 🚨Risk parameters
    • 🧭Oracle
      • stETH
      • WBTC
    • 🛡️Audit Reports
  • Earn with f(x)
    • 💲USD high & sustainable yield
    • 🪙$FXN Tokenomics
      • veFXN
      • FXN Farming and veFXN Boost
    • 🔥Protocol Revenue & Distribution
  • POWER TO THE PEOPLE
    • 🤝Get involved - Community Booster Program
    • 🫂Referral Program
  • FAQ
    • 🟦Is fxUSD an algorithmic stablecoin?
    • 🟦Where does the yield come from?
    • 🟦How do f(x) Protocol stablecoins maintain stability?
    • 🟦Is there any LUNA-like risk?
    • 🟦How does f(x) Protocol minimize liquidations?
    • 🟦How does f(x) Protocol minimize funding costs?
    • 🟦What could go wrong?
    • 🟦Why are there different stablecoins?
    • 🟦What is the difference between f(x) Protocol V1 and V2?
    • 🟦What price drop would it require for my xPOSITION to be rebalanced/liquidated?
  • GUIDES
    • 📈How to open a leverage position (xPOSITION)
    • 📉How to close a leverage position (xPOSITION)
    • 📐How to adjust your leverage / how to reduce your Liquidation Brake
    • ➕How to add/reduce a leverage position?
    • 💰How to stake into the stability pool?
    • 🚶‍♂️How to unstake from the stability pool?
  • MORE
    • 🔡Token Breakdown
    • 1️⃣f(x) Protocol 1.0
      • Leverage
      • Earn
      • Stability Mechanism
      • FX Auto-Compound
      • Oracle
    • 🖥️Resources
      • Contracts
      • Useful links
    • 🪔Aladdin DAO
    • 😎 Brand Assets
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Token Breakdown

PreviousHow to unstake from the stability pool?Nextf(x) Protocol 1.0

Last updated 2 months ago

Since the launch of the first iteration of the protocol, several tokens have been launched. Please find a breakdown below to help you navigate along them.

Stablecoins

  • fxUSD: Our flagship stablecoin, operating on v2. It is exclusively collateralized by Lido stETH and WBTC. While governance may introduce additional collateral types, they will always consist of the most liquid and secure assets in DeFi.

  • fxSAVE: the ultimate DeFi savings account. This yield-bearing stablecoin harnesses the Stability Pool's yields.

  • rUSD: A v1 stablecoin backed by Etherfi eETH and Renzo ezETH. Once staked, it not only earns restaking yields but also provides points!

  • btcUSD: A v1 stablecoin collateralized by wBTC. Since wBTC is not yield-bearing, a small funding cost is charged to xToken holders and distributed to stable stakers.

  • cvxUSD: A v1 stablecoin backed by aCVX, an auto-compounding staked CVX created by .

  • fETH: Our first-ever v1 stablecoin, designed differently. Instead of being pegged to the dollar, it maintains stability by capturing only 10% of ETH's volatility, with its xToken absorbing the rest.

Leveraged tokens (V1)

  • xETH: a perpetual leveraged token providing up to 4x long exposure to ETH price movements, backed by Lido stETH exclusively.

  • xstETH / xfrxETH: ETH leverage tokens offering up to 4.3x exposure. Respectively backed by Lido stETH and frxETH.

  • xeETH / xezETH: ETH leverage tokens with up to 4.3x exposure. Respectively backed by Lido eETH and ezETH.

  • xwBTC: A Bitcoin leverage token offers up to 5.6x exposure, enabling traders to capitalize on market movements precisely.

  • xCVX: A CVX leverage token offering up to 3x exposure, designed to enhance trading efficiency and excitement.

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