fx
Lending
f(x) is a novel lending protocol that splits assets into a mix of low-volatility "floating stablecoins" and high-volatility "leveraged" tokens.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is fx?
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Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: FXN
- Tags: Lending
Key Metrics
- TVL: $76.6M (Rank #100)
- TVL Ranking by Lending: #0
- Blockchain: Ethereum
- Chain TVL
- Ethereum: $76.61M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by at least one experienced auditor; SECBIT
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched recently in 2024; maturity less than three months increases technical risk as smart contracts are not battle-tested
- Top 20% by total value locked slightly reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Low voting power concentration reduces risk
Protocol Design
- Protocol could be susceptible to negative feedback loops
- Robust controls to mitigate oracle price manipulation
- Isolated markets enable asset risks to be contained to each individual pool without impacting the entire protocol
- Robust controls in place to prevent risky borrowing
- Robust mechanisms in place to ensure healthy liquidations
- Robust methods to accrue protocol reserves
Things to know about fx
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