FxUSD is a fully decentralized stablecoin from the f(x) Protocol, designed with a strong peg, built-in yield, and automatic liquidity growth. More
| Fully Diluted Valuation | $120.60M |
|---|---|
| 24H Trading Volume | $2.10M |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 120.69M |
| Total Supply | 120.69M |
| Max Supply | ∞ |
| Categories | Stablecoins 4 more |
|---|---|
| Founder | Zac Cheah |
| Website | fx.aladdin.club Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x085....5d8f6
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| Name | Pair | OG Score |
|---|
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:
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.
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.
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.
Curve (Ethereum)
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