f(x) Protocol fxUSD fxusd
What is f(x) Protocol fxUSD?
fxUSD is the liquid USD-pegged stablecoin of f(x) Protocol, an Ethereum DeFi system by AladdinDAO. It's backed by ETH-related liquid-staking derivatives through on-chain reserves.
What problem does f(x) Protocol fxUSD solve?
Users need dollar-denominated assets without centralized fiat reserves. f(x) provides on-chain stable value backed by ETH LSD collateral.
How does f(x) Protocol fxUSD work?
fxUSD is minted against accepted collateral at oracle valuation. The reserve holds stable derivatives from whitelisted ETH LSD pairs. Users can redeem for reserve tokens. Peg protection combines reserve backing, oracle pricing, and restrictions.
Key facts
- Ticker: fxUSD
- Ethereum ERC-20
- Contract: 0x085780639CC2cACd35E474e71f4d000e2405d8f6
- 18 decimals
- Backed by stETH/frxETH collateral
- 1:1 reserve model
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Frequently asked questions
Is fxUSD algorithmic?
No. It's fully collateralized by DeFi assets.
What backs fxUSD?
ETH liquid-staking-derivative stable legs.
External trackers
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