42% APR on USDC. No, that’s not a typo.
→ Deposit USDC into fxSAVE (6.35%, autocompounding)
→ Borrow USDC against it on Morpho at 2.34%
→ 🔁 🔁 🔁 up to 10x
All in one transaction.
Links in the next tweet 👇
We all deserve a second chance in trading. Don’t sleep on #FX100, it’s time to change the perp narrative, because we’ll be the perp standard of #DeFi 😎 post it .
Have a great weekend!
I opened two 50x leverage trades on the FX100 testnet for a 15 minute duration.
Crucially, there is no liquidation for 15 minutes following the initial opening of the positions.
@FX100Perp@FX100#Perp
$10 BILLION IN TESTNET TRADING VOLUME IN 11 WEEKS.
Week Eleven, FX100 Public Testnet Report.
- $10.63 billion in trading volume
- 2,222,590 positions opened
- 44,610 unique wallets
- 20,676 referral codes used
Another $1.5 billion in volume and over 171,000 new positions since last week.
Over $55M worth of trades were kept alive by FX100's liquidation protection.
Behind those numbers are positions that stayed open, giving traders time to decide their next move.
Trade with room to decide: https://t.co/cUMEEUpozq
Looking for Yields on Stables?
Check out fxLOOP, 26% APY on stables.
fxLOOP is a leveraged yield vault that borrow's cheap USDC and put it to work into higher-yielding @protocol_fx vault.
Here is how It Works
Vault deposits collateral on Morpho
Borrows USDC against it
Loops that USDC back into more collateral
Repeats until target leverage is hit
You earn the spread between what the ethereum:0x085780639cc2cacd35e474e71f4d000e2405d8f6 vault yields and what USDC costs to borrow , multiplied by the leverage.
fxLOOP is a carry trade on steroids. Borrow low, earn high, leverage the spread.
Also ethereum:0x085780639cc2cacd35e474e71f4d000e2405d8f6 is full backed by ETH/BTC positions and has multiple back-stops to support the peg.
In the last 8-10 months it had not a single event where it de-pegged, shows you how strong the backing mechanism is built and sustain market volatility.