Market is always very brutal when it comes to predicting directions. There’s literally no room for any errors cos you get completely wiped. However, @protocol_fx protects you from being completely liquidated when you are wrong. It is a tool worth checking out if you ask me. DYOR!
JUST IN: $500,000,000 liquidated from the crypto market in the past hour.
$BTC falls under $69,000
$ETH falls under $1,950
$XRP falls under $1.01
$SOL falls under $80
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.
Earlier this week we spiked and liquidated late shorts. Most people thought the Dems winning the midterms was probably why, but whatever be the case, positions were completely liquidated… except @protocol_fx users of course.
@DaniWorldwide@gmgnai Gm ser. Do you know you could stake your $Rush to earn more rush? See you’ve been holding ~1.8% for over a month. You could also auto mine to earn sats and $rush that auto earns juicy APRs as well. If you buy into the idea, please use my ref: Notlazy
This November, I’m down for anything that would put money in my pockets as long as it’s legal. Please connect me to opportunities here on X. Happy new month
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.