f(x) Protocol

fxUSD/USDC is the most traded pool on @CurveFinance right now. $57M in 24 hours. More than the next five pools combined. fxUSD Peg: $1.001

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

$54M of fxUSD traded in the last 24 hours. The market wanted fxUSD today. On $8.1M of liquidity, that's the pool turning over more than 6x in a single day. LPs on Curve are now earning 14.37% APR.

Cost of carrying a leveraged ETH or BTC long today: Aave, borrowing USDC on Ethereum: 10.4% APY f(x) xPOSITION: 0% funding Borrow $1M and pay ~$104,000 a year on Aave, or $0 on f(x). Choose smart: fx.aladdin.club/

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.

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…

6/🧵 With leverage, staying in the position is half the game. f(x) gives you liquidation protection, fairer pricing, minimal funding and decentralized custody. Trade Smart, Earn More, Sleep Well fx.aladdin.club/v2/trade

5/🧵 Non Custodial No individual can arbitrarily move your funds. Positions sit in transparent onchain contracts, the protocol is community-governed, and core upgrades go through a timelock.

4/🧵 Minimal funding costs Under normal conditions, holding a position on f(x) costs nothing in funding. When funding is switched on, it’s generally much lower than on perp exchanges. That matters most for trades you want to hold for weeks, not hours.

3/🧵 Fairer pricing A wick on a single exchange, real or manipulated, can liquidate positions priced off that venue. f(x) uses decentralized oracle pricing, which reduces your exposure to any one exchange’s price.

2/🧵 Liquidation protection During sharp moves, f(x) positions are automatically rebalanced, which helps them survive volatility that might otherwise knock you out. More time in the trade means a better chance of being there for the recovery.

1/🧵 Why trade with f(x) Protocol? Leverage on most venues comes with three problems: liquidations triggered by one bad wick, funding that bleeds you while you wait, and custody you don’t control. f(x) was designed around all three.

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!