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About f(x) Protocol
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.
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Trading Insights
Market Stats
Market Cap
$1.98M
2.4%
FDV
$26.34M
Circ. Supply
150K FXN
Max Supply
2M FXN
Total Supply
1.2M FXN
Diluted Valuation
$15.94M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$50.39K
22.95%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$13.38
Price Change (1Y)
Not enough data
81.29%
Additional details
Market details
FXN vs markets
↘ 71.62%
FXN vs BTC
↘ 67.41%
FXN vs ETH
↘ 69.6%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x365AccFCa291e7D3914637ABf1F7635dB165Bb09 |
Price history
Time | Price | Change |
|---|---|---|
Today | $13.17 | |
1 Day | $12.88 | |
1 Week | $18.83 | |
1 Month | $14.54 | |
1 Year | $70.37 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. 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.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.