Convert f(x) Protocol FXN to Redstone RED
FXN to RED: 1 f(x) Protocol converts to 110.74 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 110.74. Inversely, this means that if you convert 1 RED you will get 0.00903 FXN. The conversion rate of FXN/RED has increased by 0.03% in the last hour (RED/FXN decreased by 0.03%). In the last 24 hours, FXN/RED shrunk by 12.07%, while RED/FXN grew by 13.73%.
The exchange rate of f(x) Protocol is decreasing. The current value of 1 FXN is 110.74 RED. In other words, to buy 5 f(x) Protocol, it would cost you 553.70 RED. Inversely, 1 RED would allow you to trade for 0.00903 FXN while 50 RED would convert to 0.4515 FXN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.96%. Meanwhile, in the last 24 hours, the rate has changed by 12.56%, and that the highest exchange rate of 1 FXN to RED was 127.56 RED and the lowest 24 hour value was 1 FXN for 110.88 RED. Last month, 1 FXN was worth 181.86 RED. Today, it's down 39.11%. Looking back a year, f(x) Protocol has changed by 135.23 RED. That means that in a single year, the value of f(x) Protocol has shrank by 18.11%.
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 12:05 pm
0.5 FXN = 55.37 RED |
1 FXN = 110.74 RED |
5 FXN = 553.70 RED |
10 FXN = 1,107.40 RED |
50 FXN = 5,536.98 RED |
100 FXN = 11,073.96 RED |
500 FXN = 55,369.80 RED |
1,000 FXN = 110,739.59 RED |
RED to FXN values from Today at 12:05 pm
0.5 RED = 0.004515 FXN |
1 RED = 0.00903 FXN |
5 RED = 0.04515 FXN |
10 RED = 0.0903 FXN |
50 RED = 0.4515 FXN |
100 RED = 0.903 FXN |
500 RED = 4.52 FXN |
1,000 RED = 9.03 FXN |
FXN to RED over time
FXN | Today | 24H -14.37% | 1M -64.22% | 1Y -22.12% |
|---|---|---|---|---|
0.5 FXN | 55.37 RED | 63.32 RED | 90.93 RED | 67.62 RED |
1 FXN | 110.74 RED | 126.65 RED | 181.86 RED | 135.23 RED |
5 FXN | 553.70 RED | 633.25 RED | 909.30 RED | 676.16 RED |
10 FXN | 1,107.40 RED | 1,266.49 RED | 1,818.60 RED | 1,352.32 RED |
50 FXN | 5,536.98 RED | 6,332.47 RED | 9,092.98 RED | 6,761.60 RED |
100 FXN | 11,073.96 RED | 12,664.93 RED | 18,185.96 RED | 13,523.20 RED |
500 FXN | 55,369.80 RED | 63,324.66 RED | 90,929.79 RED | 67,616.02 RED |
1,000 FXN | 110,739.59 RED | 126,649.33 RED | 181,859.59 RED | 135,232.03 RED |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.