in 1.0, the leverage ratio of xToken and the yield from the stability pool are interdependent. after more than a year of operation, it was found that leverage demand far exceeded the stability pool's capacity. this meant that whenever there was insufficient demand for the stability pool, leverage couldn't increase.
2.0 perfectly solves this issue. when opening a position, the protocol automatically mints the corresponding $fxUSD using flash loans and sells it on the market.
what does this mean? the counterparty for xPositions has shifted from the stability pool to the fxUSD lp, which needs to absorb the selling pressure of fxUSD.
there’s no longer a need for the stability pool to be pre-funded to enable sufficient leverage — xPositions can be opened at any time based on risk preferences!
any slippage from selling fxusd on the market is recovered through arbitrage profits, perfectly addressing the original "chicken or egg" dilemma of 1.0.
Two BTC longs, both opened last Monday around $74k.
Trader A — 3x long on a regular perp. Liquidated Wednesday around $66k. Position: zero.
Trader B — 3x long on @protocol_fx. Got rebalanced down to ~1.5x as price dropped. Still in the trade. Still has skin in the recovery.
Same conviction. Same entry. Wildly different outcome.
The difference isn't the trader. It's the protocol.
BTC's at $61k after a -17% week. Whichever way you think it goes from here — you want to be Trader B.
The DMs have started. FX100 private testing spots are going out now.
If you're a trader who actually trades high leverage and wants to break the product before launch, retweet and drop your most painful liquidation story below.
Best ones get this message.
Plenty of stablecoins look stable in good markets. The ones that matter stay stable when things break.
fxUSD has held peg through every stress event since launch. Fully on-chain. No human intervention.
From yesterday's @ethereumfndn space
$316M liquidated in 24h
Perps are binary
Price hits the level and your position goes to zero
f(x) works differently
Your position gets reduced but stays alive
You keep exposure
That’s a better trade over time
Up to 7x on BTC and ETH
Almost zero funding
Same market
Different outcome
You're paying interest on your CDP right now.
Every hour. Every day. Compounding against you.
fxMINT flips that.
Borrow fxUSD against BTC or ETH. 0.5% in. 0.2% out. That's it.
No ongoing interest. No funding rate. No bleed.
The buy, borrow, die strategy only works if borrowing costs don't kill you first.
(x) Protocol is now live on @tokenterminal
Real-time data on TVL, revenue, and growth, all on-chain, all transparent.
Explore the dashboard 👇
https://t.co/MlSujFVYKj
The first batch of DMs are going out to FX100 early genies this week.
Keep your inbox open. You never can tell.
If you'd like to get a DM, say GFX and tell us why in the comments
They said USDT and USDC are safe.
They lied.
Another $1.1B hidden in USDT — total frozen stablecoins now $3.23B.
Your money can be seized and burned forever.
This is financial tyranny.
fxUSD: decentralized dollar. No blacklists. No single point of failure.
Take control before it's YOUR wallet they burn.
💡Your first Open Gas rebate is waiting!
Gas fees don’t have to be a hidden tax anymore.
Claim your cashback for February gas fees from our partner protocols @eigencloud, @ether_fi, @pendle_fi, @protocol_fx.
Claim now: https://t.co/V50zrRkSo8
The next phase of crypto might not be humans trading tokens.
It might be agents transacting with agents.
And those agents will need money designed for them.
@protocol_fx $fxUSD is starting to build that layer.
Maybe it’s time builders start creating AI agents.
Maybe… even interns should start building one. 👀
The f(x) Protocol SDK & Agent Skill are LIVE!
AI agents can now act autonomously on f(x). What can they do?
🔵 Manage your long or short positions
🔵 Mint and Redeem $fxUSD via fxMINT
🔵 Earn yield on fxSAVE
If your agent touches money, it needs to plug into f(x).
Losing a trade doesn't always mean you were wrong. Sometimes the platform is just built to work against you.
This article breaks down how liquidation cascades aren't random. They're structured, predictable, and profitable for the people on the other side of your forced exit.
Every time a trader uses high leverage, a small move against them is all it takes.
Not because the trade was bad. But because the system is designed to close you out the moment your margin runs thin, and someone else is positioned to eat that liquidation.
This happens frequently in crypto. Billions wiped monthly and most traders blame themselves when the infrastructure was the problem the entire time.
This is exactly why we're building FX100. Up to 100x leverage without forced liquidation. You're still early 🫵