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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  1. RISK MANAGEMENT

Audit Reports

As with every Aladdin DAO product, every line of code in production has been audited. Please find all the audits reports below.

Audit
Date
Auditor

All the Aladdin DAO audits

https://github.com/AladdinDAO/aladdin-v3-contracts/tree/main/audit-reports

f(x) Protocol V1

June 14, 2023

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Protocol_Report_v1.0_20230614.pdf

Stability Pool

July 25, 2023

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Protocol_RebalancePool_Report_v1.2_20230725.pdf

f(x) Protocol V1 Update

september 17, 2023

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Protocol_Update_Report_v1.1_20230917.pdf

V1 Gauge mechanism

November 29, 2023

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Protocol_New_Features_Report_v1.1_20231129.pdf

Stability Pool Boost Mechanism

December 13, 2023

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Rebalance_Pool_Boost_Report_v1.0_20231213.pdf

veFXN boost delagation for stability pool farming

January 18, 2024

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Shareable_RebalancePool_Report_20240118.pdf

V1 fxUSD

February 23, 2024

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_FxUSD_Report_v1.0_20240223.pdf

f(x) Protocol overall audit

April 16, 2024

Trail of Bits

https://github.com/trailofbits/publications/blob/master/reviews/2024-03-aladdinfxprotocol-securityreview.pdf

btcUSD

April 19, 2024

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/fx_btcUSD_Report_v1.0_2024_04_19.pdf

New Oracle Design

May 14, 2024

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_New_Oracle_Report_v1.0_20240514.pdf

arUSD

June 18, 2024

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_Concentrator_arUSD_Report_v1.0_20240618.pdf

New Oracle Design

July 10, 2024

Trail of Bits

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/TrailofBits_fx_oracle_202406.pdf

aFXN

July 26, 2024

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_Concentrator_aFXN_Report_v1.0_20240726.pdf

f(x) Protocol V2

January 01, 2025

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_V2_Report_v1.2_20250101.pdf

V2 WBTC Oracle + batched rebalancings and liquidations

March 17, 2025

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_Update_Batch_Rebalance_WBTC_Oracle_Report_v1.0_20250317.pdf

fxSAVE

March 17, 2025

Secbit

https://github.com/AladdinDAO/aladdin-v3-contracts/blob/main/audit-reports/SECBIT_f(x)_fxSAVE_And_StabilityPoolUSDCStrategy_Report_v1.1_20250317.pdf

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