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.
- Kind
- Protocol
- Primary sector
- Stablecoins
- Chains
- Ethereum
Latest moves
- 2026-02-04 · governance proposal · [FIP-30] Add FXN gauge to OUSD/fxUSD
- 2025-12-17 · governance proposal · [FIP-29] Add a FXN Gauge to ETH/fxUSD
- 2025-12-11 · governance proposal · [FIP-28] Add FXN gauge to USDnr/fxUSD
Open fx Protocol on X-RAY · Relations · Data for agents: MCP