Today in #TheBuildersAroundUs, we’re featuring f(x) Protocol — a decentralized perpetual trading platform that offers non-liquidatable leverage and high USD yields. @protocol_fx
Who are they?
f(x) Protocol is a cutting-edge DeFi solution that enables users to open leveraged positions on ETH and BTC without the risk of liquidation, all backed by stETH and WBTC collateral.
What they’re building:
• fxUSD — a fully collateralized stablecoin backed solely by stETH and WBTC, ensuring 100% collateralization.
• xPOSITION / sPOSITION (v2.1) — innovative leveraged positions with rebalancing mechanisms to mitigate liquidation risks.
• Stability Pool — offers high yields derived from stETH staking, opening fees for xPOSITION/sPOSITION, and FXN emissions.
What makes them stand out:
• Zero funding costs under normal circumstances.
• The Liquidation Brake mechanism that rebalances positions near liquidation prices.
• A deep fxUSD/USDC liquidity pool that ensures stablecoin peg stability.
Why they matter to us:
f(x) Protocol is redefining leveraged trading by eliminating liquidation risks and offering sustainable yields — a perfect match for our shared vision of advancing decentralized finance.
Stay tuned for more in #TheBuildersAroundUs — stories of the teams shaping the next era of Web3.
#fxProtocol #TheBuildersAroundUs