[I am currently digging this 45% annualized stablecoin pool] 💰 The introduction below is about @protocol_fx's newly launched v2 🆕 and whether the $fxUSD 45% annualized stability pool can be mined 🧐 Using the introduction code vinc2453, the annualized mining yield will be increased further 💁‍♂️

2/ What is @protocol_fx v2 doing? In short, it realizes basic "no liquidation, zero funding fee", 2-10x leverage for long ETH (BTC and other options will be available in the future) Leveraged long positions only charge a 0.1% opening/closing fee, and a 2.5% "rebalancing" fee for automatic leverage reduction when ETH plummets (so it will basically not be liquidated) x.com/i/web/status/18751043244...

3/ What’s the difference from v1? In fact, VinC has commented on the problem of v1 a long time ago. The main reason is that the long multiple of v1 is floating, which affects the attractiveness for leverage players💁‍♂️ v2 solves this problem, which can be understood as increasing the ceiling of the number of possible players and revenue of the protocol. v2 also increases the annualized upward space of the fxUSD stability pool.

4/ $fxUSD stability pool (SP for short) The staking pool earns 3 kinds of income: 1️⃣ Enhanced LSD income fxUSD is fully stETH-collateralized, so there is naturally ether staking income, plus the fxUSD transfer income that is not staked in SP, so it will exceed the general 4% LSD income 2️⃣ Transaction fee income from leveraged platforms Earn the aforementioned 0.1% opening/closing position and 2.5% "rebalancing" fee from leveraged platforms 3️⃣ $FXN Rewards

5/ Currently, the income from (1️⃣ enhanced LSD income) and v1 alone has an annualized Real Yield of 11% Since the v2 leverage platform has not yet been officially opened, the income from (2️⃣ leverage platform transaction fees) after opening will also be considerable😙

6/ Is $fxUSD safe? ✤ fxUSD is not considered stable. It is more like an enhanced version of LUSD. The system always maintains sufficient stETH collateral and guarantees that sufficient stETH can be redeemed ✤ You do not bear counterparty risk: SP is not betting against traders ✤ The fxUSD/USDC pool on Curve has more than $9M liquidity (compared to TVL $19M) ✤… x.com/i/web/status/18751043325...

7/ The in-depth principle part is beyond the scope of this post You can refer to the official white paper first May also share more in the future DYOR x.com/protocol_fx/status/18538...

8/ Don’t forget to use the referral code for mining🫵 Use the referral code vinc2453, and the annualized mining will increase fx.aladdin.club/v2/earn/?code=... NFA DYOR End🔚🙏