Details
f(x) is an ETH graded leverage protocol designed to address the need for stable assets in the cryptocurrency space while mitigating centralization risk and capital efficiency concerns. f(x) Protocol introduces a new concept called “floating stablecoin” or fETH. fETH is not pegged to a fixed value, but rather gains or loses a fraction of the price movements of native Ethereum (ETH).To achieve this stability, the f(x) Protocol creates a complementary asset called xETH, which acts as a zero-cost leveraged long ETH position. xETH absorbs the majority of the volatility of ETH price movements, thereby stabilizing the value of fETH.
Developer
Similar Projects
PerpsAI
On-chain Perpetual Contract Trading and Strategy Platform
BarnBridge
Risk tokenization protocol for DeFi
Saffron Finance
Decentralised risk exchange protocol
Sat.is
Multichain Order Book DEX
Deri Protocol
Decentralized derivative trading protocol
Syrupal Protocol
On-chain Options System
Oddz
Multi-chain Derivatives Trading Protocol
Hakka Finance
DeFi ecosystem