Market Data & Token Stats
| Fully Diluted Valuation | $53.52M |
|---|---|
| 24H Trading Volume | $701,366 |
| 24H Low / High | $0.9893 / $1.01 |
| Circulating Supply | 54.12M |
| Total Supply | 54.12M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 1.31% Low |
|---|
Key Project Information
| Categories | Stablecoins 5 more |
|---|---|
| Founder | Zac Cheah |
| Website | fx.aladdin.club Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arkm 3 more |
| Contracts |
0x085....5d8f6
1 more
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
f(x) Protocol fxUSD (fxusd) Expert User Reviews
Is f(x) Protocol fxUSD safe or a scam? Read verified Crypto OG reviews about f(x) Protocol fxUSD
$fxusd Markets
| Name | Pair | OG Score |
|---|
About f(x) Protocol fxUSD
FxUSD is a groundbreaking stablecoin in the DeFi space, offering a fully decentralized alternative to traditional stablecoins. It stands out for its strong peg to $1, user-friendly design and scalable liquidity. What sets fxUSD apart is its built-in yield and the ability to swap with zero slippage, making it highly efficient for users.
Why Do We Need FxUSD?
In decentralized finance (DeFi), scalability and decentralization are key challenges for stablecoins. Centralized stablecoins can be limiting and may face regulatory or security risks. FxUSD addresses these issues by leveraging a unique economic model that grows liquidity automatically while providing substantial value to liquid staking derivatives (LSDs).
How Does FxUSD Work?
FxUSD is built on the f(x) Protocol’s innovative stable-leverage pair model. Here's how it works:
- The protocol holds a reserve of a base token, such as stETH.
- From this reserve, two types of tokens are minted: one stable (fxUSD) and one volatile (xETH).
- The total market value of both tokens always equals the value of the reserve.
- Users can redeem these tokens for their share of the reserve at any time.
As the price of the reserve token (stETH) fluctuates, the value of the volatile token changes at a higher rate, generally between 1.5x to 4x, compared to the stable token, which stays fixed at $1.
Conclusion
FxUSD offers a reliable, decentralized and scalable stablecoin solution for DeFi users. Its innovative design ensures strong liquidity and flexibility, making it a key player in the decentralized finance ecosystem.
What is unique about f(x) Protocol fxUSD (FXUSD)?
FxUSD is unique for being a fully decentralized stablecoin with a strong peg, built-in yield and zero slippage swapping. It utilizes an innovative stable-leverage pair model, automatically growing liquidity as part of its economic design.
Who are the founders of f(x) Protocol fxUSD (FXUSD)?
The founders of fxUSD are part of the team behind the f(x) Protocol, which introduced this decentralized stablecoin alongside its innovative stable-leverage pair system.
Where can I buy f(x) Protocol fxUSD (FXUSD)?
Curve (Ethereum)
Information in this section carefully collected and curated from publicly available data from official sources, including the f(x) Protocol fxUSD Official Website, f(x) Protocol fxUSD Whitepaper, f(x) Protocol fxUSD GitHub Repository and f(x) Protocol fxUSD X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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