> For the complete documentation index, see [llms.txt](https://fxprotocol.gitbook.io/fx-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fxprotocol.gitbook.io/fx-docs/overview/core-products-of-f-x-protocol.md).

# Core Products of f(x) Protocol

**xPOSITION & sPOSITION (Leveraged Tool):**

* Offers up to 7x LONG and SHORT leverage on ETH and BTC
* Fully decentralized, collateralized and on-chain
* Minimal liquidation risk
* Zero funding fees under normal market conditions, maximizing user returns

**fxUSD (Stablecoin):**

* Fully decentralized and collateralized with a reliable and consistent peg
* Minted and redeemed instantly in response to xPOSITION and fxMINT demand
* Derives liquidity from collateral and generates sustainable on-chain yield


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://fxprotocol.gitbook.io/fx-docs/overview/core-products-of-f-x-protocol.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.