This opportunity acts as a savings account denominated in USD.
Assets
By investing in this opportunity, your exposure to USD will be through the fxUSD token, which is a USD stablecoin on the Ethereum blockchain.
Yield source
Your yield comes from multiple sources: when the protocol stabilizes risky leveraged positions, it sells wstETH collateral and any price gains can generate a profit. It also receives a share of protocol fees, including transaction fees, liquidation rewards, unused slippage, and all collateral yield.
Risk perspective
When you deposit into this pool, your fxUSD is used to reduce debt from high-leverage positions. In return, fx sells wstETH collateral and converts it back to fxUSD or USDC to replenish the pool, but if ETH’s price drops or there’s high slippage, the amount returned could be less than what was originally burned.
Provider
fx
Chain
Ethereum
Contract address
0xEd92dDe3214c24Ae04F5f96927E3bE8f8DbC3289
Yield7.9%
30d APY
Base
7.9%
Reward
0%
.
Investment scenarios
The below scenario simulator is greatly simplified. It intends to illustrate the potential impact of asset price movement on your investment.