f - High & Sustainable USD yield x & s - Liquidation Protected Leverage with Minimal Funding Cost $fxUSD $FXN By @aladdindao linktr.ee/fxprotocol
Aladdin DAO
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78.40% of $FXN circulating supply is locked and earning 39.40% APR.
Paid in ETH.
If you haven't locked yours and want to start earning, do it here:
fx.aladdin.club/v2/lock
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$54M of fxUSD traded in the last 24 hours.
The market wanted fxUSD today.
On $8.1M of liquidity, that's the pool turning over more than 6x in a single day.
LPs on Curve are now earning 14.37% APR.
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Cost of carrying a leveraged ETH or BTC long today:
Aave, borrowing USDC on Ethereum: 10.4% APY
f(x) xPOSITION: 0% funding
Borrow $1M and pay ~$104,000 a year on Aave, or $0 on f(x).
Choose smart: fx.aladdin.club/
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Rough night for the whole industry. Thoughts with everyone affected by the @binance hack, and good to see the team commit to covering all user losses.
For anyone checking in on f(x): $1.54B was liquidated across crypto in 24 hours. Liquidations on f(x): ZERO.
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Bought matcha in Vietnam with fxUSD by @protocol_fx.
The barista still received VND.
Use yodl to pay anywhere, with anything.
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Fresh extra incentives have been added on @pendle_fi
YT-fxSAVE is now earning 1,034% APY.
Get YT-fxSAVE: app.pendle.finance/trade/mar…
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fxSAVE is now available on PendleLoop
Loop fxSAVE for up to 37.5% APY:
app.pendle.finance/trade/loo…
PendleLoop is now live, letting users Loop to Long @Base tokenized stocks onchain, powered by @Aave markets.
Enjoy incentives when you Loop to Long these stocks, claimable on @Merkl_xyz
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Why trade with f(x) Protocol?
Leverage on most venues comes with three problems: liquidations triggered by one bad wick, funding that bleeds you while you wait, and custody you don’t control.
f(x) was designed around all three.
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With leverage, staying in the position is half the game. f(x) gives you liquidation protection, fairer pricing, minimal funding and decentralized custody.
Trade Smart, Earn More, Sleep Well
fx.aladdin.club/v2/trade
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f(x) Protocol retweeted
Same ethereum:0x7743e50f534a7f9f1791dde7dcd89f7783eefc39 but elevated on Pendle, with up to 64% APY up for grab 🔥
宝子们同一个 fxSAVE 到了 Pendle 上被拆成三种玩法，数字从 6.7% 到 64%，跨度拉得很大。
还是那句话这个数字第一眼确实容易上头，但先别急着选，越是夸张越要冷静！把底层看清楚，再决定往哪边站。
先看收益从哪来。
fxSAVE 本身是自动复利加 Delta Neutral 策略，连接 fxUSD/USDC 稳定池，收益来源主要是 xPOSITION 相关费用和储备收益，不承担传统方向性交易敞口。
换句话说，它不是靠赌行情方向赚钱，而是靠策略结构和协议运转产生回报。
当然，Delta Neutral 不等于没有风险，智能合约漏洞、稳定币脱锚、市场机制失效，都在需要评估的范围内。
这次的新市场，是 @protocol_fx 在 Pendle 上开的 fxSAVE 池，到期日 2027 年 4 月 29 日，LP 和 YT 都加了 FXN 激励。
同一个底层资产，被做成了三种不同预期的产品。
PT 显示 6.7% 固定回报，持有到到期日，拿的是市场隐含的确定收益，适合对收益有明确预期、不想承受波动的资金。
它的风险主要来自底层协议和市场本身。
YT 显示 28.45%，最高能拿到 31 倍收益敞口，本质是押注 fxSAVE 未来收益超过市场预期。
预期兑现，收益被放大；收益或者激励不及预期，买入的 YT 也会亏损。
倍数越高，这个赌注越重。
LP 显示 64%，做市赚取交易手续费，叠加 FXN 激励，数字最漂亮，但承担的东西也最多：流动性变化、价格波动、收益波动，都要一起扛。
而且这个 64% 要拆开看——里面有多少来自 FXN 奖励，激励能持续多久，市场成交量撑不撑得住，才是决定实际回报的关键。
还有一点要记住：页面上的 APY，是按当前条件估算出来的年化数字，不代表接下来半年都能保持这个水平，更不等于最终到手的利润。
激励会变，利率会变，市场也会变。
所以赚 6.7% 还是冲 64%，表面是收益选择，实际是对风险的判断。
选之前，把收益来源、激励结构、市场变差时自己要承担多少回撤，这三件事想清楚，再决定站哪边。@quipnetwork
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Oh my word. @protocol_fx $fxUSD $USDC LP on @CurveFinance is the top pool in volume traded BY A MILE! Nearly $41 million!
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64% APY on fxSAVE LP
Our new @pendle_fi market (29 Apr 2027) is live, with FXN incentives on both LP and YT.
LP → 64% APY
YT → 28.45% APY, up to 31x yield exposure
PT → 6.7% fixed for 6 months
Lock them now!
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LP fxSAVE - PT fxSAVE: app.pendle.finance/trade/poo…
Buy PT/YT fxSAVE: app.pendle.finance/trade/mar…
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The market with best yields on both sides:
fxUSD/ USDC on Morpho:
→ Loop fxSAVE: ~33% APR
→ Lend USDC: 16%
High lender rates keep liquidity deep, so the loop keeps working.
Links in the next tweet 👇
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Loop fxSAVE: swap.9summits.io/?chain=eth&…
Lend USDC: app.morpho.org/ethereum/vari…
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