unofficial intern @protocol_fx Want to support fx intern ? Click on the link below and start trading. https://xitter.cf/t.co/Z5teRjgp8T
Joined April 2023
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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.
The yield still high on $fxSAVE loop
@protocol_fx
Intern likes loop especially on $fxSAVE that provides real yield
@protocol_fx
Yield yield yield intern likes stable yield 👀
Magic is real: ~28% APR on USDC.
How? fxSAVE × @nine_summits:
1️⃣ Deposit USDC
2️⃣ fxLOOP loops it up to 7x into fxSAVE and/or PT-fxSAVE
3️⃣ Poof ✨ 28% APR done
The real trick is starting with one of the most conservative yield-bearing stablecoins in DeFi.
fx intern retweeted
GUILD QUEST HOW-TO:
Step 1: Follow @FX100Perp and join the Guild.
guild.xyz/fx100
Step 2: Every week we’ll drop a new quest and a new testnet trading challenge.
Complete them, and earn XP, it’s that easy. We just want real trades, honest observations, and specific feedback.
Generic replies, low-effort QRTs, need not apply.
🤔🤔
$BTC is at $82k and we’re in “bear market” fear (32).
11 straight days of fear. The last time sentiment reset like this, we went higher.
When the market turns bearish, intern takes opportunities like this to open a 3x long on @protocol_fx 📈
another week another good result on @FX100Perp
$9 BILLION IN VOLUME. 2 MILLION POSITIONS OPENED.
Week Ten, FX100 Public Testnet Report.
- $9,127,235,292 in trading volume
- 2,050,886 positions opened
- 44,488 unique wallets
- 20,423 referral codes used
This week alone, traders added $1.68 billion in volume and opened nearly 225,000 new positions.
That’s two million positions where traders had time to decide what came next before liquidation decided for them.
Trade with a choice: fx100.club
intern’s master plan on @protocol_fx
1⃣buy $FXN
2⃣LP into ETH/FXN or FXN/cvxFXN
3⃣stake on Convex
4⃣earn FXN emissions (46% / 30% APR)
5⃣go to step 1
infinite money glitch? no. compounding? yes.
The best DAO @protocol_fx
Anyone can be the boosters , join us also by contributing
All rewards for our boosters have been sent 💙
Check your allocation: fx.aladdin.club/booster
Not on the list yet?
Start boosting now! You can find all the details on @echo_market
Good record so far , hopefully it's can continue even after the mainnet launch @FX100Perp
Week Nine, FX100 Public Testnet Report.
ANOTHER BILLION-DOLLAR WEEK.
- $7,446,209,438 in trading volume
- 1,825,988 positions opened
- 43,319 unique wallets
- 20,188 referral codes used
The past seven days alone brought nearly $1.2 billion in volume and over 243,000 new positions.
To every trader putting FX100 through the test: we appreciate you.
We’ve got something cooking for those ready to push it even further.
More info next week.
Listen to him
You can always open an xPOSITION at 3X leverage on BTC and ETH which DOESN'T get rebalanced everyday and doesn't incur volatility decay.
Trade: fx.aladdin.club/v2/trade
Let's wish we able to see $ETH start with $3xxx in October.
Intern quite bullish also as for now.
If crypto market start to become volatile again , @protocol_fx for sure will benefit from it
October has a reputation for a reason.
$BTC has closed higher in 10 of the 13 Octobers since 2013, averaging roughly +18.5%, with a median around +12.7%.
$ETH is much less convincing: 6 of 10 positive, with an average around +3.3% and median basically flat
(Source: tokenpost.com/news/investing…)
But a bullish month doesn't mean a clean market.
$BTC can grind higher for weeks and still sweep your entry before continuing.
Direction and survival are different problems.
That's what makes xPOSITION on @protocol_fx interesting.
You can take up to 7× long exposure on BTC/ETH, with no funding fees under normal conditions, while the Liquidation Brake automatically rebalances the position.
Seasonality gives you context.
Price action gives you the path.
Leverage and liquidation protection determines how much of that path you can survive.
Everyone is looking at the $6B number.
I’m more interested in the 1.5M+ positions behind it.
That’s a lot of attempts to break the execution, oracle pricing, liquidation protection and vault mechanics before mainnet 😭
Testnet numbers are still testnet numbers, but if the goal is stress testing the system…
people are definitely stress testing it.
Week Eight, FX100 Public Testnet Report.
FX100 HAS NOW CROSSED $6 BILLION IN TRADING VOLUME.
- $6,258,929,566 in trading volume
- 1,582,251 positions opened
- 42,853 unique wallets
- 19,946 referral codes used
More than 1.5 million positions have now been opened on FX100.
More than 42,000 traders have now put FX100’s execution, liquidation protection and overall performance to the test across different trading conditions.
Help us push it further: fx100.club
Intern has been watching @protocol_fx’s revenue… and it’s giving intern another reason to feel underexposed to $FXN 🫠
If this really is the start of the next bull cycle, intern expects more traders to use f(x) to open leveraged positions. More activity could mean more fees and more protocol revenue.
So naturally, intern has reached the same conclusion as always:
Still. Not. Enough. FXN.
Currently farming on @ConvexFinance to stack more $FXN rewards while waiting for that thesis to play out
defillama.com/protocol/fx-pr…
fx.convexfinance.com/ NFA
fx intern retweeted
ETH is running. On perps, longs pay funding.
On f(x), longs get paid.
ETH xPOSITIONs: 10% APR on your fxUSD debt. Any leverage.
That's:
- 20% on your capital at 3x
- 60% at 7x.
fxMINT: borrow fxUSD against ETH above 70% LTV, earn 10% APR on your loan.
MORE $fxUSD
$70M → $75M in 6 days.
$fxUSD supply keeps climbing, day after day.
And right now you earn 10% APR just for minting it against ETH.
Mint fxUSD: fx.aladdin.club/v2/fxmint
The yield is still very good , maybe you should take a look
@protocol_fx
The RockawayX f(x) Protocol Ecosystem USDC vault on @Morpho has crossed $1.2M in deposits.
USDC lenders are earning 9.88% net APY, with exposure limited to fxSAVE and cbBTC markets.
Deposit: app.morpho.org/ethereum/vaul…
Curated by @RockawayX
fx intern retweeted
Week Three, FX100 Public Testnet Report
WE JUST CROSSED $1 BILLION IN TRADING VOLUME.
Only three weeks in.
- $1,009,168,395 in volume
- 325,680 positions opened
- 24,940 unique wallets
- 13,643 referral codes used
Last week: $418M. This week: ten figures.
We wanted to know what traders would do with up to 100x leverage and 15 minutes of liquidation protection.
Now we have a billion-dollar answer.
Why haven’t you joined the testnet?
fx100.club
Tried the new @FX100Perp UI and it's looking cleaner 👀
There are now way more markets to trade, with leverage ranging from 1x all the way up to 100x.
Most of the markets currently listed are crypto:
⚡ BTC & ETH have up to 100x
⚡ SOL & LINK have up to 100x
⚡ SUI, NEAR & others have up to 50x
Even 50x is already pretty aggressive compared with what some CEXs offer.
More importantly, it’s good to see the team actually listening to community feedback and continuing to improve the product.
Want to play around with the new UI yourself?
👉 FX100 Testnet: testnet.fx100.club
New UI. More markets. More ways to trade.
Bullish on $bFXN 🔥
fx intern retweeted
Capital flew to f(x) for safety in April. Four months later it's still here, and there's more of it.
TVL: $195.6M
fxUSD supply: $67.3M
Incentives, trailing 12 months: $0
Incredible report .
Join @FX100Perp if you haven't
Week One, FX100 Public Testnet Report
- Over $140M in trading volume
- More than 63,000 positions opened
- 12,856 unique, active wallets
- 791 referral codes used
Incredible turnout. Traders are stress testing the platform with nothing at stake but curiosity, and bringing others along for the ride.
As we work towards mainnet, it's clear 15 minutes of liquidation protection on up to 100x leverage, built on @base, is something people want to try out before it goes live.
Week one. Still testing, and still pushing the limits.
Join the testnet and experience perps with protection : fx100.club