DeFi made simple. Short, concise information breaking down complex concepts. Learn the essentials of decentralized finance, one idea at a time ππ‘
fxUSD is now the #46 largest stablecoin in crypto.
$54M+ supply.
Backed by ETH and BTC.
Redeemable anytime onchain.
Sustainable yield powered by real protocol activity.
No banks.
No opaque balance sheets.
No off switch.
The trustless dollar is becoming real again.
8.17 wstETH accumulated so far this week for veFXN holders on @protocol_fx.
75% of treasury revenue flows directly to lockers, and right now that translates into a 51.80% APR π¨οΈ
fxUSD is growing π
Supply is up 42.27% in 7d and 56.48% in 30d, now at $27.75M.
Fully on-chain, backed by wstETH and WBTC, instant mint/redeem, and built for resilience.
Tomorrow at 5pm UTC
Ethereum Builders Live with @jchaskin22 and @cyrille_briere of @protocol_fx.
Weβll dive into trustless stablecoins, why they matter & how they work in practice, then explore what you can do with fxUSDβincluding use it privately.
https://t.co/U8jE6LUVIY
@rektdiomedes walks through the "Buy, Borrow, Die" strategy and how fxMINT by @protocol_fx makes DeFi borrowing radically cheaper.
No ongoing interest under normal conditions, just one-time open/close fees against ETH or BTC.
The longer you hold, the wider the cost gap becomes.
At Stable Summit Cannes, @cyrille_briere made the case for trustless models. fxUSD from @protocol_fx is backed by stETH and WBTC, with reserves verifiable on-chain at all times. No third party needed to attest them.
Stablecoins keep multiplying, but the risk often stays concentrated.
Wojtek Pawlowski (@WojtekP), Cyrille Briere (@cyrille_briere), Michael Svoboda (@svobodamichael), engn33r (@bl4ckb1rd71), Artem Sinyakin (@Artem_Oak) on what breaks when stablecoin systems depend on each other.
From black-box reserves to curator risk and depegs, why transparency still matters:
@FX100Perp is in audit right now. Non-liquidatable perp, up to 100x leverage, testing extensively in parallel.
Security first, won't ship until sign-off. That kind of approach matters when the architecture is this different.
Testnet getting closer βοΈ
Billions liquidated. Hundreds of thousands of traders blown out. And fxUSD holding at or near $1 through all of it. No emergency actions, no manual intervention. The protocol just did what it was built to do.
In 2025, leveraged traders lost $154.6B to the liquidation tax. @FX100Perp takes a different architectural approach: built to absorb volatility and keep positions alive through market fluctuations
The perp liquidation engine hasn't fundamentally changed
#FX100 is challenging that