fxUSD has quietly done something remarkable.
I have been tracking stablecoins closely lately and one caught my attention in a way I did not expect. While most of the market has been dwindling, fxUSD by @protocol_fx has been moving in the opposite direction entirely.
fxUSD has grown 93% in the last 30 days, effectively doubling its market cap. $16.05M in net additions to reach this point, and more than half of that happened in just the last week. That kind of acceleration inside a bear market is not noise. It is a signal worth paying attention to.
I ran the numbers on @PharosWatch to see if the security profile was keeping pace with the growth. It was. fxUSD carries an A- safety score rating with a redemption backstop of 90/100 and atomic settlement, meaning capital is not sitting exposed during transactions. The fundamentals are holding up under the growth.
What I find most interesting about this is the timing. The recent exploits and frozen wallets have shaken confidence across the space. Capital is moving away from complexity and opacity and toward protocols with verifiable security and clean fundamentals. fxUSD is benefiting from exactly that rotation.
The flight to low-risk DeFi is real. And fxUSD is one of the clearest examples of it right now.
Last cycle, GIZA hit $50 M market cap despite giving a fraction of the APY that $ZFI offers today.
$ZFI gives better yields and has serious institutional backing from VCs.
This is why a $100 M market cap is not unrealistic.
Almost 50x from here.
NFA.
$ZFI wants to reach the average VC buying price.
All those big guys will not let the price larp 80% discounted from their entry.
Use case is there, utility is there, price will catch up.
$ZFI is the best DeFi agent on BASE.
Your crypto card has three different ways to rob you in Buenos Aires. It calls all three of them "features". ๐ฆ๐ท
There is a $50 USDC giveaway at the end of this thread.
Mexico received $65 billion in remittances last year.
The average family loses 6% of every transfer to fees
and that's $4 billion taken from Mexican families annually.
SurfCash converts USDC to SPEI instantly without any middlemen.
She came back to CDMX. This is how she spent her crypto. ๐ฒ๐ฝ
Comment "CDMX" and we'll send you $5 USDC on your first transaction. ๐
Next week weโre releasing something weโve been researching, iterating on, and building over the past few months.
Very excited for it!
Hints: Safe smart wallets powered by an agent for yield automation and optimization.
โฆ powered by an agent for yield automation and optimization.
Hello Folks,
I hope everyone is doing fine.
I see a lot of questions about the $Zfi token's utility.
Let's bring some clarity on it.
As i've already mentionned, a lot of time, community is really involved in the @Zyfai_ project.
The founders, @goatv_bk and @Paul_Web3_ , really take care of us and of our thoughts.
So for once the governance part really matters to me as one utility.
But the biggest one is clearly the flywheel for $Zfi stakers.
You can stake your tokens on the platform and receive $usdc as rewards. Those are part of the fees generated by the protocol. (50%)
Bigger TVL, more fees, more rewards!
Then you can buy $zfi with $usdc and put them in staking to earn more $usdc to buy more $zfi if your main goal is to accumulate the most $zfi possible.
You can also deposit your $usdc in the protocol to earn more (real yields) and receive rzfi as extra rewards.
Once unvested, it becomes $zfi, you put them in staking and receive more $usdc and so on.
Flywheel!!
Another one, if you stake more than 200k $zfi, you double the total rebalance power in a day. You can see in the screnshot shared below the rebalancing tiers without staking, based on your deposited amount.
Extra info on the token and the project :
Total supply : 500M
Circulating supply : around 188.5M
Markect cap : 1.8M
TVL : 8.7M!!
Just launched on mainnet and weth as yield possibilities. More chains and assets (wbtc) coming.
Institutionnal money ready to onboard.
Tvl will grow exponentially and so will the fees generated and so finally the rewards.
When you see the market cap ratio to tvl, the room to grow is enormous.
Honestly, @Zyfai_ is killing it!
Most ETH holders face the same bad choice: stake and accept constraints, manually manage positions, or sit on spot and watch it earn nothing.
Now thereโs a fourth option.
An Agent. On Ethereum.
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