Overview

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.

Sources and further reading

• Project website (provider-listed)
• DefiLlama protocol profile

Category, chain coverage, and overview come from provider records. TVL describes reported deposited value and is not an audit of a protocol's safety.