f(x) Protocol

f - High & Sustainable USD yield
x & s - Liquidation Protected Leverage with Minimal Funding Cost

$fxUSD $FXN

By @aladdindao

[f(x) Protocol @protocol_fx]

1/9
The era of the "Liquidation Alert" email is over.

Introducing FX100: The world’s first 100x Non-Liquidatable Perpetual Engine.

We are moving the market to a new equilibrium, where leverage is high, but survival is prioritized.

Goodbye, liquidations. 👋

[FX100 @FX100Perp]

https://t.co/1bVy26FGYm

[f(x) Protocol @protocol_fx]

We will be live in 1 hour.

https://t.co/jfnYKriqEt

[f(x) Protocol @protocol_fx]

H2 is shaping up to be a structural reshuffle, not a clean trend.

So where's the bull-bear line? And how do you trade both sides without picking a direction?

Join our f(x) Protocol Fireside Chat(Chinese) to explore all this.

📅 Date: June 18th (Thursday) | 9:00 PM UTC+8
🎙 Host: @12_MgCapital
🗣 Speakers: @BTC_strategy @MrQin_BTC @moonstone1986 @RenYuke99

The tools to do exactly that: xPOSITION, sPOSITION, 0% funding, fixed leverage, liquidation break.

Set a reminder 👇

[whiz @0xWhizMiz]

FOMC week.

BTC is stuck chopping around $65-66K and ETH is lagging. Traders are piling back into leverage.

And once again, most of them are paying the same hidden tax:

• Funding every 8 hours
• Liquidation risk on every violent wick
• "Yield" subsidized by emissions that disappear the moment incentives dry up

The industry has spent years pretending these are features.

They're not.

They're structural costs.

f(x) Protocol takes a different approach.

→ Up to 7x long ETH/WBTC with xPOSITION
→ Up to 6x short ETH/WBTC with sPOSITION
→ Fixed leverage, no leverage decay, no funding bleeding
→ 0% average funding cost under normal conditions
→ $0 liquidated across the protocol last month(I don't even remember when was the liquidation tbh because it's been months)
→ Liquidation Brake automatically rebalances at 88% LTV instead of sending positions to zero
→ fxUSD backed by wstETH + WBTC, fully collateralized
→ 16 audits. 100% of deployed code covered.

Think about how abnormal that is.

Crypto traders have accepted liquidation as inevitable.

f(x) treats it as a design failure.

Instead of constantly paying to maintain exposure, users get leverage without entering the perpetual funding casino.

And while everyone is chasing the next farm, the stable side is quietly generating real yield.

The Stability Pool (fxUSD or USDC) is currently earning ~6.45% from:

• stETH staking rewards
• Protocol fees generated by leverage demand
• morpho deployment and reserve yield

No emissions.

No mercenary capital.

Just yield generated by actual economic activity inside the protocol.

This is the setup that matters if H2 gets volatile:

Long without funding bleed.

Short without getting farmed by squeezes.

Earn yield without depending on token inflation.

The market is slowly rotating back toward protocols with real cash flows, real users, and real product-market fit.

Most will notice after the move.

f(x) is already there.

What's the H2 trade?

◉ Protected long
◉ Hedged short
◉ Stack real yield and let everyone else pay funding

$fxUSD $FXN

The next generation of leverage won't be built around liquidations.

It'll be built around avoiding them.

[YO @yield]

What makes yoloUSD's yield attractive is that you can see exactly where it comes from.

One of yoloUSD's current allocations is fxSAVE from @protocol_fx, a fully onchain strategy powered by leveraged trading fees and ETH staking yield.

Here's why YO likes it: 🧵

[f(x) Protocol @protocol_fx]

https://t.co/jfnYKriqEt

[f(x) Protocol @protocol_fx]

H2 is shaping up to be a structural reshuffle, not a clean trend.

So where's the bull-bear line? And how do you trade both sides without picking a direction?

Join our f(x) Protocol Fireside Chat(Chinese) to explore all this.

📅 Date: June 18th (Thursday) | 9:00 PM UTC+8
🎙 Host: @12_MgCapital
🗣 Speakers: @BTC_strategy @MrQin_BTC @moonstone1986 @RenYuke99

The tools to do exactly that: xPOSITION, sPOSITION, 0% funding, fixed leverage, liquidation break.

Set a reminder 👇

[f(x) Protocol @protocol_fx]

@MetaCvx 👀

[StingGold.sol.eth @stinggold_eth]

The codebase of @protocol_fx is not just a product.
It is an operating system for on-chain capital.

What it unlocks is not merely “yield opportunities.”
It is control over how your capital operates.

• Leverage is no longer a life-or-death game
→ x/sPOSITION removes binary liquidation, allowing your thesis time to play out
• Yield is no longer an illusion driven by emissions
→ fxSAVE generates real returns, auto-compounded from protocol revenue

• Stablecoins are no longer based on trust in third parties
→ $fxUSD is a hard decentralized currency, resistant to freezing

• And most importantly:
A system governed by mathematics, not emotion or policy

This is not about optimizing UX.
This is about rewriting the “physics” of DeFi.

Fully on-chain. No narratives. Just structure.

[0xfarmed @0xfarmed]

If you are looking for Yields on stables, check out fxSAVE on @protocol_fx.

fxSAVE is a high yield Auto-compounding Delta Neutral Stablecoin Vault. fxSAVE compounds from on-chain leverage activity.

Every time someone opens or closes an xPOSITION (leveraged long or short on ETH/BTC), they pay a fee. Those fees flow to the $fxUSD/ $USDC stability pool and fxSAVE depositors collect them.

A second stream of Yield comes from staking , the wstETH and wBTC backing f(x)'s reserves earn staking yield, which gets routed to this Vault.

The vault harvests both continuously and auto-compounds.

Which makes fxSAVE and fxUSD structurally different from the alternatives is that its yield mechanism has no external dependencies .

• sUSDe: depends on funding rates staying positive. Flips when funding flips.
• sDAI/sUSDS: largely T-bill exposure. Tied to Fed policy.
• fxUSD: scales with on-chain leverage activity.

You could also check out @pendle_fi and LP , pool has boosted $FXN and $PENDLE rewards on top of native Yield.

[notlazy @0Xnotlazy]

In the past 24 hours, the total crypto marketcap surged $100 billion due to an end to the US- Iran war agreement, wiping out short positions. Majority of traders thought it was another bluff by the Iranian government when Trump said the agreement would be signed on Monday. A whole lot of short positions totaling about $500 million was wiped. But however, traders with opened short positions on @protocol_fx had their positions closed before they hit a stop loss. This helps traders on the protocol still retain capital to get back at trading. If you trade leverage, it’s only right you check @protocol_fx out. Don’t even take anyone’s words for it. Just DYOR.

[Nuel @Nuel_fxt]

While overall DeFi TVL is down 30% since April 1st, @protocol_fx has 3x'd their TVL, alongside major ecosystem expansions & new partnerships

​This happens when a team ignore the noise & focus on building; which has made them a true market outlier

Brick by brick always wins

[f(x) Protocol @protocol_fx]

@Domingo_gou 👑

[whiz @0xWhizMiz]

The crypto market just added over $100B in market cap on the back of the US-Iran deal, and more than $460M in shorts were wiped out in 24 hours.

That is the kind of volatility where leveraged traders either compound or get liquidated.

Most perps platforms have one answer when price moves against you: liquidation. Position gone. Margin gone.

f(x) protocol is built differently.

Its Liquidation Brake does not wait for your position to hit zero. When your x/sPOSITION’s LTV approaches the rebalance line (88% on mainnet), the protocol automatically deleverages a small slice, burns part of the fxUSD debt against it, and routes collateral through the Stability Pool

The result:
→ Leverage is pulled back into a safe range
→ You stay in the trade with exposure intact
→ No forced full liquidation, no margin-call cascade

A hard liquidation line still exists at 95% as a final backstop, but in practice the brake catches risk long before that point

This is what set-and-forget leverage should look like. Up to 7x ETH/BTC, protected by design, not by a stop-loss you forgot to set

Docs + app → @protocol_fx bio.

Protection first, Profits later🫡

[f(x) Protocol @protocol_fx]

@chadosdiary @kmets_ 💯

[f(x) Protocol @protocol_fx]

@ETH_Daily

[f(x) Protocol @protocol_fx]

Catch the move.

Not the liquidation.

Trade smarter with f(x).

[Watcher.Guru @WatcherGuru]

JUST IN: $150,000,000 worth of shorts liquidated from the crypto market following US-Iran peace agreement.

[f(x) Protocol @protocol_fx]

@kmets_ 👀

[Smartmoney_Detective @NaveenCypto]

Top Protocols by TVL growth in last 90 days .

@protocol_fx came at number 3 .

Data - @DefiLlama

[Hix0n blocmates @PhilMrlo]

The Legendary Arc by @rektdiomedes 😎

Bullieve, the Future of France is at hand. @protocol_fx $FXN coded

[f(x) Protocol @protocol_fx]

@royal1dd @fraxfinance @CurveFinance @FraxForce 👀

[f(x) Protocol @protocol_fx]

@Ubaman7 🥳