Today's the day you have finally been waiting for...
(drum roll)
With the help of
@LayerZero_Labs
tech, $fETH $xETH and $FXN are landing on
@arbitrum
!
1/
The moment you were all waiting for has arrived.
@aladdindao
is thrilled to announce that we have made the final tweaks and officially published the whitepaper for f(x) Protocol! Check it out 👉
With the announcement of fxUSD,
@protocol_fx
has unveiled the first and only truly decentralized, scalable stablecoin without any exposure to the US banking system. Let's take a look at how fxUSD will supercharge
@LidoFinance
's $steth and
@fraxfinance
's $frxETH! 🧵
1/
Whooping 32% APR on $rUSD in the Stability Pool 🚀
Starting next week:
🔥 4X
@ether_fi
will become 6X EtherFi points
🔥 2X
@eigenlayer
points
🔥 3X FX points
That's a loooot of points coming your way 🫵. Don't lose count!
1/5
🎉 The wait is almost over for all f(x) Protocol enthusiasts! We're thrilled to announce that the launch of f(x) Protocol on the Sepolia testnet is just around the corner. Get ready to mint and redeem fETH and xETH starting on Thursday, 8 Jun! 🚀
1/
We've introduced the first 2 tokens of f(x):
🪄 fETH: a "floating stablecoin" that tracks ETH price movements, ensuring stability in any market condition.
💪 xETH: the zero-cost lev long ETH that absorbs volatility, stabilizing the value of fETH and minimizing fluctuations.
Today we passed 20,000 $ETH locked in, making it an All Time High TVL in ETH 🎉
And the best part? V2.0 is on the horizon, bringing you higher and stable leverage. Get ready! 😎
We are proud to announce that
@reserveprotocol
took a major step in supporting decentralization and Ethereum economy by minting 50,000 $fETH 🤝💪
There's still 🤏 left until we reach the 4,000 $ETH cap!
BTW, the $stETH yield on fETH is at over 12% 👀 ->
Something wicked (awesome) this way comes
fxUSD straps the ingenious f(x) tech to an uber-powerful economic model, creating the first decentralized, strongly pegged and scalable stablecoin that grows its own liquidity.
Intrigued? Read on to prepare your body.
The day we have all been waiting for is finally here…it is time to start the race to mint fxUSD! To have a successful launch with our partners
@LidoFinance
and
@fraxfinance
, we are waving the green flag on the race with a seeding event next week!🧵↓
1/
We have some huge news to share! 👀
f(x) has been integrated with
@CoWSwap
🐮
$fETH and $xETH trades are now routed through f(x) with 0 slippage 🚀
This will bring a nice income for $veFXn holders 💰
Introducing the latest addition to Protocol f(x)! 👀
We're excited to announce the upcoming release of cvxUSD and xCVX!
$cvxUSD is a stablecoin based on $CVX that allows you to earn the native staking yield from the
@ConvexFinance
. Meanwhile, $xCVX offers up to 3x leverage on
$fxUSD, $rUSD, $btcUSD & $cvxUSD are holding their pegs perfectly, just as designed!
Stability Mode hasn't been triggered yet, showcasing the robustness of the system.
0 liquidations across all leveraged tokens, proving the f(x) invariant works!
🚀 Introducing few of the Launching Partners for f(x) Protocol
We are thrilled to announce some of the incredible partners who will play a major role in the launch of f(x)! 🎉
Join us as we welcome👇
🔹
@CurveFinance
🔹
@ConvexFinance
🔹
@fraxfinance
It's time to earn 6X
@ether_fi
, 2X
@eigenlayer
, 3X FX points and 20% APY on your stablecoins!
f(x) is excited to launch $arUSD: The Future of Automated Savings and Compound Interest, powered by rUSD & EtherFi points.
What is arUSD? 🤔
It's the tokenized version of rUSD EtherFi
1/
We've introduced the first 2 tokens of f(x):
🪄 fETH: a "floating stablecoin" that tracks ETH price movements, ensuring stability in any market condition.
💪 xETH: the zero-cost lev long ETH that absorbs volatility, stabilizing the value of fETH and minimizing fluctuations.
What happened in the last 3 days?
Over $282,000,000 liquidated on $ETH long positions 😢
$0 liquidations on $xETH. That's right, ZERO!
Both $fxUSD and $rUSD maintained the peg throughout all the events 💯! f(x) invariant holds!
And the most important part? Both stables saw an
rUSD SEED VAULT IS LIVE!
Seed event will last until 500 weETH are deposited...go deposit now to be one of the first users to mint a 50/50 split of rUSD and xeETH!
And take advantage of 2x
@Ether_Fi
points +
@eigenlayer
points + $FXN rewards!
1/
Attention f(x) enjoyooors 👀
Exciting news! We're launching the Community Boosters Program for f(x), a way to involve and reward the incredible individuals who amplify our message and support f(x) Protocol. Get ready to be a part of something special!
All hail the King,
#Bitcoin
The halving is approaching fast and so is the release of the hardest crypto-backed stablecoin: btcUSD
btcUSD will be THE FIRST EVER stablecoin that will enable ON-CHAIN $BTC REAL YIELD 🤯 ! Earn real BTC and FXN by farming with rock-solid-peg
Yesterday marked the release of $rUSD in collaboration with
@ether_fi
Today we passed $45MM in TVL!
Do you prefer stability, but you're keen on getting etherFi points,
@eigenlayer
points, LRT and $FXN yield?✅ rUSD is your answer
Are you bullish on $ETH and you want to take a
❗ Security first! 👀
We are thrilled to announce that
@trailofbits
, a leading security firm, has completed a thorough security assessment of f(x) Protocol! This marks a significant milestone for us and underscores our unwavering commitment to security and transparency.
As with
$arUSD is live! 🔥
Over 20% APY, 6X
@ether_fi
, 2X
@eigenlayer
& 3X FX points for simply holding arUSD in your wallet. Like a savings account, only better! 😉
Get arUSD 👇
Need a reminder of how it works? 👇
We will be live
Another DEX Aggregator integration ✅
If you swap $fETH or $xETH through
@OpenOceanGlobal
they will be routed through f(x), offering you NO slippage swaps. How cool is that?
Thanks
@OpenOceanGlobal
for the tremendous work 🫶
Both $rUSD stability pools are now available on
@ConvexFinance
Mint rUSD with $weETH from
@ether_fi
👇
Deposit rUSD and earn $FXN rewards, $ETH yield, ~4x etherFi points and ~2x
@eigenlayer
points 👇
📢Exciting news!
🥳
@protocol_fx
launched $pxETH & $pFXN pods
💸 $xETH allows up to 4x ETH leverage with no funding fees or liquidation risk
💰 $FXN is the value accumulator for
@protocol_fx
They unstaked LP so all LP rewards go to Community LPs 👀
🫛
I hear you like points 👀
How about 4X
@ether_fi
points, 2X
@eigenlayer
points and up to 65% yield in $FXN and $eETH? All this for rUSD staked in Stability Pool with no Impermanent Loss!
I know, seems like it's too good to be true! Check yourself 👇
1/3
🔥 The offering for $FX token is going live tomorrow at 1pm UTC! 🔥
🔹 Offering Details:
• Start Time: 1pm UTC
• Price: 0.005 ETH/FX
• Total Tokens: 60,000 FX
💡 Remember, the offering is on a first-come, first-served basis!
🔗 Offering Link:
While you're waiting for $fxUSD's release, you might want to check the revamped UI 👉
Each token will have it's on interface, where you can check the total supply, historical price, total market cap, backing etc.
$fETH 👇
$xETH 👇
Oh, and there's only
4.5% of $GHO from
@GHOAave
is in the $fxUSD pool, earning 115% APR on
@ConvexFinance
Join the party by minting & depositing fxUSD in the GHO-fxUSD pool on
@CurveFinance
!
It's time to plug veFXN into f(x) revenue⚡
Beginning with the very first mint and accelerating ever since, f(x) has been earning $stETH, so the flow kicks off with a nice lump sum
Lock FXN by this Wed, Nov 15 23:59 UTC (7pm est) to get in on the first payout
Got $fETH on
@arbitrum
? 🤩
If not, you might want to get some! 💪
@TimeswapLabs
APR on $fETH is >70% 🤑
Get fETH on
@CurveFinance
or use Aladdin's bridge to bridge from mainnet to Arbitrum 👇
Deposit your fETH and get 70% APR👇
Superchain here we come! 🚀
We have bridged $fETH to
@Optimism
and deployed a LUSD-fETH pool on
@VelodromeFi
, with the gigabrains 🧠from
@DeFiCollective_
&
@LiquityProtocol
.
We've also added some incentives, so go ahead and vote for LUSD-fETH pool now! 🔥
Bridge fETH to
1/3
After many contributions from your side - for which we thank you! 🫶- it is time to ratify through a snapshot vote the latest f(x) proposal- Introduction of fUSD - a hard pegged USD stablecoin
There are 3 options to choose from 👇
2 hours to go before the launch of the seed event for rUSD!
Get your
@etherfi
$weETH ready to deposit and earn double EtherFi points,
@eigenlayer
points and $10,000 in FXN incentives!
Once 500 $weETH are deposited Into the seed vault, rUSD minting and redeeming are LIVE!
Guess who just broke the $60M TVL barrier? 🎉
Spoiler: it offers the best decentralized stablecoin yields and up to 5.6X liquidation-free price exposure to
#BTC
&
#ETH
📢 Get ready for the biggest day of the year on Friday, April 19th, 2024! Not only will it mark the historic
#Bitcoin
halving, but it's also the day we launch our much-anticipated stable-leveraged pair, btcUSD-xwBTC! 🚀
$btcUSD isn't just another stablecoin – it's the FIRST
It's such a huge day that we have even more exciting news for you all:
(dramatic pause)
With the help of
@LayerZero_Labs
tech, $fETH $xETH and $FXN are landing on
@BNBCHAIN
!
🗣️ You asked for it and we've listened!
f(x) Protocol is now integrated in
@TimeswapLabs
👏
Yes, you read that right! The first integration with a lending protocol is LIVE!
1/ Gm Time Travelers 🧑🚀 and
@protocol_fx
fam! 📊
The first ever lending/borrowing pool for xETH and fETH is now live on Timeswap!
🚨🚨 Use $xETH as collateral to borrow $fETH 🚨🚨
To all the volatility enjoyoors out there!👇 (1/6)
Hey Bitcoiners 👋 ! We're thrilled to introduce a brand-new yield opportunity for you in collaboration with
@Bedrock_DeFi
🤝
Say hello to our $uniBTC Genesis Vault! Starting now, you can put your
#Bitcoin
to work on f(x) Protocol. 💪
Here’s how it
$fxUSD is live!
You can mint and 🧑🌾deposit in the pools or you can choose to long ETH with up to 4.3x leverage and no liquidation risk! 💰
The $FXN incentives will go live at 12am UTC on Thursday!
Mint here 👉
Whoa, we knew
@ConvexFinance
has a die hard community, but this was beyond our expectations! 🤯
The vault has been filled in no time🥳
$cvxUSD & $xCVX are now LIVE 🎉
You can mint cvxUSD to get staked CVX yield without volatility or get up to 3X leverage on CVX, by minting
The prices needed to reach Stability Mode or Liquidation Mode are now displayed on the UI.
If we look at $btcUSD, the Liquidation Mode price is $491.16. What are the chances for
#bitcoin
to drop to $491.16? 🤔
Can you borrow an asset without liquidation risks?
Can you take a long leveraged position on $ETH without liquidation risk?
Find out how Thursday @ 4pm Utc
We will be live with
@TimeswapLabs
and
@0xMughal
discussing the integration of f(x) with Timeswap 👇
1/3
After many contributions from your side - for which we thank you! 🫶- it is time to ratify through a snapshot vote the latest f(x) proposal- Introduction of fUSD - a hard pegged USD stablecoin
There are 3 options to choose from 👇
f(x) Protocol 🤝
@paraswap
You can now get the best price when swapping for $rUSD or $arUSD!
Paraswap has integrated f(x) and
@0xconcentrator
to offer you the best routes with 0 slippage! 💯
🚀Join us tomorrow (Thursday) at 2pm UTC for a deep dive into f(x) Protocol!
Whether you're a seasoned crypto enthusiast or new to the game, we've got you covered.
In the last few weeks there's been a hot topic in our Community Call and in the Discord server (please join if you're not in already!): the introduction of fUSD - a hard pegged stablecoin.
We are closing on $5,000,000 $eETH from
@ether_fi
locked on f(x) 🔒
Up to 17% APR, 4X EtherFi and 2x Eigen points on $rUSD 🤯
$xeETH up 38% in the last 24hrs 😎
Rewards for xETH and fETH liquidity pools on
@CurveFinance
are flowingggg 🌊👀
Farm leveraged $xETH, or stable $fETH? 🤔
fETH/crvUSD:
xETH/ETH:
PSA: low liquidity to start, so we suggest avoiding single-sided deposit
Look out below, f(x)'ers!
🌟 Incoming Game-Changing Updates! 🌟
Read on to learn about f(x) getting more stable, and the Rebalance Pool becoming the *best* stable farm in DeFi. ZERO RWA exposure required!
(It's a spacecraft making controlled a entry, not an asteroid!)
We heard you like points? 🥰
We're excited to launch f(x)'s referral program and introduce FX points! Earn FX points and redeem them monthly for up to 2,000 $FXN. 🚀
Create your referral account and start inviting now 👉
You can earn FX points by
f(x) Protocol is thrilled to announce that we have received a grant from the Arbitrum Foundation!
This grant will play an important role in enhancing the liquidity of our stablecoins and strengthen our ecosystem on Arbitrum.
We are grateful to the Arbitrum Foundation for
$btcUSD & $xwBTC are live! 🔥
You can now get
#Bitcoin
yield on your stables by minting btcUSD & depositing in the Stability Pool
👉
Or take a leveraged longed position on $BTC, without liquidation risk - right on time for
#BitcoinHalving
The first veFXN
@VotiumProtocol
, ahem, "Incentive" round is in the books! Ggs CVX frens!
But the fun isn't over; there are still incentives up for grabs on
@Paladin_vote
quests and
@StakeDAOHQ
's Votemarket. Get yours!
1/8
📣 It's time! 🚀🔥
Starting tomorrow, we are delighted to invite you to test the upgraded version of our protocol on the Phalcon Testnet! Get ready for an incredible experience! 🎉
New logo, new cap limit 🎉
We've raised the $CVX cap to 1,000,000 CVX
Swap for $cvxUSD and get up to 130% APY
👉
Get leverage on CVX with no funding fees or liquidation risk
👉
👀Have you seen the yield you can get on $fETH? No impermanent loss, no depeg risk, a truly decentralized stablecoin backed by $ETH!
And the yield you receive is
#realyield
, coming from ETH staking rewards ✅
You can mint fETH on or you can use
@CoWSwap
🐮
🚀The moment we've been waiting for has arrived!
f(x) Protocol is live on Ethereum 🎉
Head on to , use pure $ETH or $stETH and choose to stable or go long ETH with min liquidation risk & 0 funding costs!
🤏There's a 1,000 ETH cap, so hurry up!
Stoked to announce that we're deploying a very important FXN/ETH pool on
@arbitrum
! Complete with some FXN emissions!
Now you can:
✅ swap FXN on Arbitrum for practically no gas!
✅ LP FXN/ETH on Arbitrum for FXN yields.... for practically no gas!
Stoked to announce that we're deploying a very important FXN/ETH pool on
@arbitrum
! Complete with some FXN emissions!
Now you can:
✅ swap FXN on Arbitrum for practically no gas!
✅ LP FXN/ETH on Arbitrum for FXN yields.... for practically no gas!
None of $rUSD holders were affected during
@RenzoProtocol
$exETH depeg event.
NAV was stable at $1 and all users can withdraw back to ezETH if they want to. Still earning 4X ezPoints, 2X Eigen Points and $ETH yield if your in the Stability Pool.
If you were holding $xezETH -
Boostertime! Shall we vote?
Due to a CRAZY amount of governance distribution, there are a lot of options for voting...
Eligible Tokens: veFXN, vlCVX, sdFXN, veCLEV, and xALD
A smorgasbord of snapshot links are below 👇
It is time to wrap up August and distribute the referral and booster rewards for it! 🎉
We’re thrilled to announce that August brought a 1,000 $ETH increase in TVL! 🚀👏
As per FIP-04 ( ) 166 $FXN will be distributed in exchange for your FX points.
No