Ask about fx ProtocolKey Metrics
Fees (Annualized)$5.95m
Fees 30d$368,369
Ethereum$368,369
Fees 7d$55,375
Ethereum$55,375
Fees 24h$1,086
Ethereum$1,086
Cumulative Fees$13.9m
Ethereum$13.9m
Revenue (Annualized)$810,998.91
Revenue 30d$56,803
Ethereum$56,803
Revenue 7d$18,619
Ethereum$18,619
Revenue 24h$0
Ethereum$0
Cumulative Revenue$4m
Ethereum$4m
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$810,998.91
$56,803
$18,619
$0
$4m
Market Cap$2.84m
$FXN Price$14.11
$17.28m
$28.22m
$FXN Volume 24h$21,778
CEX Volume$0
DEX Volume$21,460.71(98.54% of total)
$FXN Liquidity$7.01m
Curve DEX$6.68m
Raydium AMM$338,680
Protocol Information
f(x) Protocol is a decentralized on-chain trading platform that enables stress-free leverage on ETH and WBTC while delivering the highest organic & sustainable yield on stablecoins. By utilizing an innovative mechanism, we offer up to 7X long or short exposure with minimum liquidation risk & funding costs. To fuel the leverage positions, the protocol mints fxUSD, a scalable & decentralized stablecoin with a strong peg to the dollar and backed by wstETH and WBTC.
Category:Dual-Token Stablecoin
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: View code on GitHubRevenue: View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked22
Average Supply APY7.01%
Frequently Asked Questions
What is fx Protocol?
f(x) Protocol is a decentralized on-chain trading platform that enables stress-free leverage on ETH and WBTC while delivering the highest organic & sustainable yield on stablecoins. By utilizing an innovative mechanism, we offer up to 7X long or short exposure with minimum liquidation risk & funding costs. To fuel the leverage positions, the protocol mints fxUSD, a scalable & decentralized stablecoin with a strong peg to the dollar and backed by wstETH and WBTC.
What is fx Protocol's TVL?
fx Protocol currently has $95.91m in total value locked. TVL has increased 6.4% over the past 30 days.
What chains does fx Protocol operate on?
fx Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How much has fx Protocol generated in fees and revenue?
Over the past 30 days, fx Protocol generated $368,369 in fees. Of that, $56,803 was protocol revenue. Based on the trailing year, the annualized rate is $5.95m in fees and $810,998.91 in revenue.
What is the FXN token price and valuation?
FXN is currently trading at $14.11. Its circulating market capitalization is $2.84m, ranking it #2,346. Its fully diluted valuation is $17.28m. Supply currently stands at 200,982.18 circulating, 1.22m total supply, 2m maximum supply.
How has FXN performed recently?
FXN is up 17.4% over the past 7 days and up 6% over the past 30 days. Its all-time high is $219.95, reached on Mar 13, 2024. The token is currently 93.6% below that level.
How does fx Protocol's TVL compare to similar protocols?
Among Dual-Token Stablecoin protocols tracked by DefiLlama, fx Protocol ranks #1 by TVL. The category holds $158.51m across 7 protocols, and fx Protocol accounts for 60.5% of that total. Other leading protocols include RIF ON CHAIN, Hylo, and MoneyOnChain.
How many yield pools does fx Protocol have?
DefiLlama tracks 22 fx Protocol yield pools with an average APY of 7%.
