f(x) USD Saving

FXSAVE Price

About f(x) USD Saving (fxsave)

f(x) USD Saving (fxsave) is the yield-bearing auto-compounding vault token of the f(x) Protocol, designed to capture organic yield from the protocol's stability pool while maintaining a stable value relative to the US Dollar.

• Provides users with an auto-compounding mechanism for fxUSD, the protocol's decentralized stablecoin.
• Generates yield from stETH staking rewards, trading fees, and protocol emissions without exposing holders to market volatility.
• Operates as part of a decentralized leverage system that utilizes collateral like wstETH and WBTC to back its stable assets.

What Is f(x) USD Saving

f(x) USD Saving is the savings-oriented variant of the f(x) Protocol's asset ecosystem. It functions as an auto-compounding vault for fxUSD holders who wish to earn yield on their holdings. Value moves through the system by capturing staking rewards from the underlying collateral—primarily Lido's stETH—and redistributing fees generated by leveraged positions within the protocol.

The token is put to work by being deposited into the protocol's Stability Pool, which acts as a liquidity backstop for leveraged trading activities. As the ecosystem scales and more leverage is utilized through products like xPOSITION and sPOSITION, the volume of protocol service fees and staking rewards increases, which is then reflected in the value of fxsave relative to the base fxUSD asset.

What Makes f(x) USD Saving Unique

• Yield Capture: Unlike standard stablecoins, fxsave is specifically designed to auto-compound yield from multiple sources, including liquid staking rewards and protocol service fees.
• Stability Pool Integration: It is directly integrated with the f(x) Protocol Stability Pool, which serves as the primary defense mechanism against liquidations for leveraged users.
• Decentralized Backing: The underlying asset, fxUSD, is backed by decentralized collateral such as wstETH and WBTC rather than centralized fiat reserves, enhancing its resilience within the DeFi ecosystem.

What Can You Use f(x) USD Saving for?

f(x) USD Saving is pegged to the US Dollar.

1. Value retention: The asset allows users to maintain exposure to the US Dollar on-chain, providing a digital representation of the currency that aims to mitigate the volatility typically associated with the broader cryptocurrency market.
2. Yield generation: Holders can earn yield from decentralized lending and liquidity provisioning within the f(x) Protocol. The source of this yield includes liquid staking rewards from the underlying Ethereum collateral and protocol service fees generated by leveraged trading activities.
3. Cross-border settlement / value transfer: It provides a mechanism for the global transfer of US Dollar value, enabling international settlement and frictionless movement of funds across the network.
4. Collateralization: While the source does not specify collateral use for fxsave specifically, the underlying fxUSD is a core component of the protocol's leverage and stability mechanisms.

How Does f(x) USD Saving Work?

f(x) USD Saving operates by wrapping fxUSD into an auto-compounding vault. When users deposit fxUSD into the fxsave vault, the protocol automatically stakes those tokens in the Stability Pool. This pool earns rewards from the protocol's collateral assets and fees from leveraged products. These rewards are continuously harvested and used to purchase additional fxUSD, which is then added back to the vault. This process ensures that the value of fxsave increases relative to fxUSD over time. Users pay protocol service fees for certain actions within the application, which contribute to the overall yield of the savings product. The entire system is built on a decentralized architecture to ensure that every stablecoin issued is fully collateralized by top-tier DeFi assets.

Team Info and Investors

f(x) Protocol is developed by AladdinDAO, a decentralized autonomous organization focused on DeFi yield and infrastructure. The project is backed and supported by various entities within the decentralized finance space. The protocol's code has undergone multiple audits, including those conducted by OpenZeppelin, with 100% of the deployed code being audited to ensure security and reliability for its users.

Where can you buy f(x) USD Saving?

FXSAVE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade f(x) USD Saving is Curve (Ethereum), where the most active trading pair FXSAVE/SCRVUSD has a trading volume of $54,380.21 in the last 24 hours.

What is the daily trading volume of f(x) USD Saving (FXSAVE)?

The trading volume of f(x) USD Saving (FXSAVE) is $54,378.16 in the last 24 hours, representing a 43.30% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for f(x) USD Saving (FXSAVE)?

f(x) USD Saving (FXSAVE) reached an all-time high of $4.68 and an all-time low of $0.9854. It’s now trading -76.00% below that peak and 14.10% above its lowest price.

What is the market cap of f(x) USD Saving (FXSAVE)?

Market capitalization of f(x) USD Saving (FXSAVE) is $73,511,128 and is ranked #349 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FXSAVE tokens (65 Million tokens are tradable on the market today).

What is the fully diluted valuation of f(x) USD Saving (FXSAVE)?

The fully diluted valuation (FDV) of f(x) USD Saving (FXSAVE) is $73,511,128. This is a statistical representation of the maximum market cap, assuming total number of 65 Million ETH tokens are in circulation today.

How does the price performance of f(x) USD Saving compare against its peers?

With a price increase of 0.10% in the last 7 days, f(x) USD Saving (FXSAVE) is underperforming the global cryptocurrency market which is up 0.80%, while underperforming when compared to similar Yield-Bearing Stablecoin cryptocurrencies which are up 1.80%.

How to add f(x) USD Saving (FXSAVE) to MetaMask?

Adding f(x) USD Saving (FXSAVE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import FXSAVE as a token. You can copy FXSAVE’s contract address (0x7743e50f534a7f9f1791dde7dcd89f7783eefc39) and import it manually, or if you've installed MetaMask's chrome extension, add FXSAVE to MetaMask with one click on CoinGecko.

Add FXSAVE to MetaMask.