Convert f(x) Protocol FXN to Redstone RED
FXN to RED: 1 f(x) Protocol converts to 119.28 RED
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About FXN and RED
f(x) Protocol is falling, while Redstone is climbing this week. The current FXN to RED conversion rate is 119.28. Inversely, this means that if you convert 1 RED you will get 0.008383 FXN. The conversion rate of FXN/RED has increased by 1.15% in the last hour (RED/FXN decreased by 1.14%). In the last 24 hours, FXN/RED shrunk by 3.61%, while RED/FXN grew by 3.74%.
The exchange rate of f(x) Protocol is decreasing. The current value of 1 FXN is 119.28 RED. In other words, to buy 5 f(x) Protocol, it would cost you 596.42 RED. Inversely, 1 RED would allow you to trade for 0.008383 FXN while 50 RED would convert to 0.4192 FXN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.53%. Meanwhile, in the last 24 hours, the rate has changed by 3.33%, and that the highest exchange rate of 1 FXN to RED was 123.39 RED and the lowest 24 hour value was 1 FXN for 113.95 RED. Last month, 1 FXN was worth 183.80 RED. Today, it's down 35.1%. Looking back a year, f(x) Protocol has changed by 151.30 RED. That means that in a single year, the value of f(x) Protocol has shrank by 21.16%.
f(x) Protocol Market Stats
f(x) Protocol is a decentralized stablecoin and leverage trading system on Ethereum. Its core product is fxUSD, an overcollateralized stablecoin backed solely by stETH and wBTC, with no off-chain custody. Users can borrow fxUSD against stETH or wBTC collateral for a flat one-time fee, or open leveraged long and short positions on ETH and BTC, which loop fxUSD against the same collateral for up to 7x exposure. Both paths mint fxUSD against the same backing. Yield is generated from two real sources: stETH staking rewards on the underlying collateral, and fees paid by borrowers and leverage traders. That yield flows to the Stability Pool, where users can deposit fxUSD or USDC to earn it. The yield is organic, with no FXN emissions or token inflation funding it.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Conversion tables
FXN to RED values from Today at 11:19 pm
0.5 FXN = 59.64 RED |
1 FXN = 119.28 RED |
5 FXN = 596.42 RED |
10 FXN = 1,192.83 RED |
50 FXN = 5,964.15 RED |
100 FXN = 11,928.31 RED |
500 FXN = 59,641.54 RED |
1,000 FXN = 119,283.08 RED |
RED to FXN values from Today at 11:19 pm
0.5 RED = 0.004192 FXN |
1 RED = 0.008383 FXN |
5 RED = 0.04192 FXN |
10 RED = 0.08383 FXN |
50 RED = 0.4192 FXN |
100 RED = 0.8383 FXN |
500 RED = 4.19 FXN |
1,000 RED = 8.38 FXN |
FXN to RED over time
FXN | Today | 24H -3.45% | 1M -54.09% | 1Y -26.84% |
|---|---|---|---|---|
0.5 FXN | 59.64 RED | 61.70 RED | 91.90 RED | 75.65 RED |
1 FXN | 119.28 RED | 123.39 RED | 183.80 RED | 151.30 RED |
5 FXN | 596.42 RED | 616.97 RED | 919.02 RED | 756.48 RED |
10 FXN | 1,192.83 RED | 1,233.93 RED | 1,838.04 RED | 1,512.96 RED |
50 FXN | 5,964.15 RED | 6,169.65 RED | 9,190.19 RED | 7,564.78 RED |
100 FXN | 11,928.31 RED | 12,339.31 RED | 18,380.38 RED | 15,129.56 RED |
500 FXN | 59,641.54 RED | 61,696.53 RED | 91,901.89 RED | 75,647.82 RED |
1,000 FXN | 119,283.08 RED | 123,393.06 RED | 183,803.78 RED | 151,295.64 RED |
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