The official source of information regarding 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 individual 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