🦙 Proud member of the llama's community @WenLlama ,@llamaquestnfts and all things Aladdin DAO (Opinions are my own)
llama land
Joined August 2021
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- Followers632
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Wolfran.eth retweeted
Volatile markets bring more activity on f(x).
More activity 👉 more fees.
Part of the fees go to veFXN, paid in wstETH.
This week: 23.63 wstETH and still counting
Upcoming APR: 48%+
Over 78% is already locked.
Lock FXN for your share 👇
fx.aladdin.club/v2/lock
Wolfran.eth retweeted
The @nvidia story broke on a Sunday with every equity market closed.
Crypto took the first hit. Thin books, ETH -5%, BTC down to $73.7K, lowest since August.
$1B+ liquidated. 140K+ traders wiped. 90% of it longs.
liquidations on f(x): ZERO
xPOSITIONs don't get margin called. When price moves against you, the liquidation brake rebalances your leverage and the position stays open.
Trade on f(x): fx.aladdin.club/v2/trade
Wolfran.eth retweeted
The market was brutal. f(x) was boring.
Zero liquidations.
$145.58M traded in the fxUSD/USDC pool in 24h.
fxUSD held its $1 peg. Rock solid.
fxSAVE kept earning 7.9% APR.
No drama. No surprises. Everything worked exactly as designed.
In DeFi, boring is a superpower.
Yesterday saw record volumes on @protocol_fx and making the fxusd/usdc pool on curve the highest volume pool. What is most notable tho is the incredible strength of the ethereum:0x085780639cc2cacd35e474e71f4d000e2405d8f6 peg!
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Wolfran.eth retweeted
78.40% of $FXN circulating supply is locked and earning 39.40% APR.
Paid in ETH.
If you haven't locked yours and want to start earning, do it here:
fx.aladdin.club/v2/lock
Wolfran.eth retweeted
Rough night for the whole industry. Thoughts with everyone affected by the @binance hack, and good to see the team commit to covering all user losses.
For anyone checking in on f(x): $1.54B was liquidated across crypto in 24 hours. Liquidations on f(x): ZERO.
Wolfran.eth retweeted
Fresh extra incentives have been added on @pendle_fi
YT-fxSAVE is now earning 1,034% APY.
Get YT-fxSAVE: app.pendle.finance/trade/mar…
Wolfran.eth retweeted
Tokenized real-world assets are only as useful as the system around them.
Putting an asset onchain is the first step. The harder part is building what lets people use it: borrow against it, lend into it, and have a say in how it runs. That is what the team has been working on these past few months.
Today we are opening RAAC testnet V2. Anyone can see the system for themselves.
V2 is not a cosmetic update:
- $iREET is now a structured product issued and managed by RAAC, simpler to hold and use as collateral
- $pmUSD is the native borrow token across the lending system
Governance, Liquid Locker, Maturity Vault and a new dashboard are live on testnet for the first time
The reason to open the testnet is simple: We would rather show the system than describe it.
Read more: blog.raac.io/posts/inside-ra…
Full walkthrough: youtu.be/Qjel-01Aj3g
Discord AMA is coming soon. Details to follow.
Wolfran.eth retweeted
The moment you have us on your phone! Create a shortcut to fxusd.club on iOS and enjoy all the latest FX product information just like an app. How amazing is that? 🔥
Wolfran.eth retweeted
64% APY on fxSAVE LP
Our new @pendle_fi market (29 Apr 2027) is live, with FXN incentives on both LP and YT.
LP → 64% APY
YT → 28.45% APY, up to 31x yield exposure
PT → 6.7% fixed for 6 months
Lock them now!
Wolfran.eth retweeted
The cleanest carry trade in DeFi right now that yields 40%:
Hold fxSAVE → 6.5%
Borrow USDC → 2.8%
Loop it → ~40% APR
$12M+ USDC sitting on Morpho waiting to be borrowed.
Details 👇
Wolfran.eth retweeted
Magic is real: ~28% APR on USDC.
How? fxSAVE × @nine_summits:
1️⃣ Deposit USDC
2️⃣ fxLOOP loops it up to 7x into fxSAVE and/or PT-fxSAVE
3️⃣ Poof ✨ 28% APR done
The real trick is starting with one of the most conservative yield-bearing stablecoins in DeFi.
What if your lowest risk stablecoin yield paid close to 28% APR, and you never had to manage a loop yourself?
Introducing fxLOOP: high yield, managed.
fxLOOP is 9Summits' latest strategy built on @protocol_fx's $fxSAVE and powered by @lagoon_finance
fxSAVE is one of the lowest risk yield bearing stablecoin around. And yet delivers significant yield.
fxLOOP, delivers 28% APR by looping fxSAVE and its PT strategies on Morpho.
As a user, deposit, relax and watch your portfolio grow.
Link in the next post.
Wolfran.eth retweeted
Same like on previous events, xPOSITION's liquidation brake was in place.
No user was liquidated on f(x) Protocol
JUST IN: Bitcoin $BTC falls under $81,000
$450,000,000 now liquidated from the crypto market in the past 60 minutes.
Wolfran.eth retweeted
My bros at @protocol_fx continue to absolutely kill it! (disclaimer I'm extremely bias since I work with them and own tons of $FXN)
W/ $fxUSD hitting $90M circulating supply, and @FX100Perp testnet a huge success :)
More on latter from my buddy Lampro!
xitter.cf/lampropeltis_/status/2…
FX100 last week: a growing testnet, with liquidation protection still being put through its paces.
Week eight took the testnet past $6B in total trading volume, with new wallet additions picking up again 📈
The team kept that testing going with Friday's NFP challenge, open to anyone who wanted to take part.
In leveraged trading generally, price can swing both ways around releases like NFP. Even if you get the eventual direction right, a move against you can still reach your liquidation threshold along the way.
From a liquidation rescue to price back above my entry, with the same position still open after protection ended. That was my $ETH long on @FX100Perp's testnet during the challenge. Quite a turnaround 🛡️
The team also highlighted another option this week: adding margin can still be possible after crossing the liquidation threshold while protected.
Traders may have a few more weeks to keep exploring FX100 on testnet. The team has tentatively pointed to late October for the testnet to finish, if things go as expected.
Wolfran.eth retweeted
f(x) ranks #1 by TVL in DefiLlama’s Dual-Token Stablecoin category
Nearly 58% of the category’s TVL
More than the other 6 protocols combined
1. @protocol_fx
2. @hylo_so
3. @rocprotocol
An Ethereum protocol worth paying closer attention to
Source: DefiLlama
Wolfran.eth retweeted
Our @protocol_fx ecosystem vault is our fastest growing vault in Morpho to date 🫡
Insane r/r here
$0 → $20M in 5 weeks.
The f(x) Protocol Ecosystem USDC vault on @Morpho just crossed $20M in deposits.
7.40% net APY on plain USDC.
Curated by @RockawayX
Still room to deposit 👇
Would love to see this back on @ResupplyFi
20MM in $USDC deposits for the ethereum:0x7743e50f534a7f9f1791dde7dcd89f7783eefc39 market on @Morpho. Incredible work by the @aladdindao and @RockawayX teams!
This is now a 2-alarm fire for @llamalend and @ResupplyFi. Would love to see ethereum:0x7743e50f534a7f9f1791dde7dcd89f7783eefc39 TVL skyrocket on those platforms as well!
Wolfran.eth retweeted
Earn 32% APY on stables.
Here's how: get paid 6.75%, borrow at 3.94%, and loop the difference.
fxSAVE yield: 6.75%
USDC borrow against fxSAVE on @Morpho: 3.94%
Spread: 2.81%
At 10x, that spread compounds into~32%.
Curated by @RockawayX
