Independent resource · Not financial advice

An independent tracker
for the f(x) Protocol ecosystem

Follow updates, understand the mechanics, and explore on-chain data for fxUSD and the f(x) Protocol — from an independent observer, not the protocol team.

Latest updates What is fxUSD? Browse data

Not affiliated with f(x) Protocol or any integrated protocol. Nothing here is financial advice.

fxUSD

$0.9945

-0.5490%

⚡ Soft depeg

DeFiLlama · on-chain

Latest updatesRecent activity in the f(x) Protocol ecosystem

Governance4 Jun 2026

FXN Gauge Weight for Week of 4th Jun 2026

View source

Snapshot · Convex Finance

Governance21 May 2026

FXN Gauge Weight for Week of 21st May 2026

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Snapshot · Convex Finance

Governance20 May 2026

[Curve] Ownership DAO Vote ID: 1414

Quorum: 6.69m CVX [Arbitrum][LlamalendV1 Housekeeping] Set loan_discount to 50% on 16 LLv1 controllers; replace monetary policy on a total of 16 markets (FXN, ARB, IBTC to SemiLog MP ~0% APR; 13 i…

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Snapshot · Convex Finance

Sourced from GitHub, Snapshot governance, and curated entries. Auto-updated every sync.

View all updates →

Key conceptsUnderstand the f(x) ecosystem

The peg is maintained through f(x)'s tranche mechanism. ETH collateral is split into a stable tranche (fxUSD) and a leveraged tranche (xPOSITIONs). The Stability Pool acts as a buffer for under-collateralized positions.

fxSAVE is the simplest way to earn yield on fxUSD. Available natively on f(x) Protocol and via third-party integrations including Concentrator, StakeDAO, and Morpho.

Minted fxUSD can be deployed in yield pools for leveraged returns. This carries liquidation risk. This site explains the mechanism but does not recommend any specific strategy.

Full glossary →

Ecosystem snapshotTracked on-chain data

Active opportunities

Yield opportunities tracked in the catalog.

Tracked TVL

$72,564,375

-0.2%

Unique pool TVL, deduplicated across protocols.

Avg APR (indicative)

8.63%

+9.3%

Indicative average across tracked items.

Data refreshed every 6 hours from public on-chain sources. Indicative only. Methodology →

Last sync: 14 Jun, 05:23 UTC

Ecosystem componentsCore products in the f(x) ecosystem

fxUSD

Stablecoin

A USD-pegged stablecoin backed by Ethereum-based assets (ETH, wstETH, wBTC). Soft peg maintained through f(x)'s unique stability mechanism.

Protocol Explore options

fxSAVE

Savings vault

Auto-compounding savings vault for fxUSD. Deposit and earn native protocol yield, automatically reinvested. The simplest fxUSD strategy.

Concentrator View data

fxMINT

Borrow fxUSD

Collateralize ETH or wstETH to mint (borrow) fxUSD at a variable LTV. Deploy minted fxUSD in yield pools to generate leveraged returns.

Open fxMINT(affiliate)Simulator

Links to external protocols. This site does not endorse any specific protocol or strategy. Not financial advice.

Safety & Coverage

A-

Overall grade

Live report

Full report on Pharos.watch ↗

Last Pharos report

Smart Contract

8.5

Mechanism

Peg Stability

8.5

Liquidity

Collateral

Governance

7.5

Scores from Pharos.watch · independent third-party assessment. This site does not control or influence these scores.

Nexus Mutual Coverage

Informational · Not a yield opportunity

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Open Nexus Mutual

Security audits completed

100% of deployed code

Every line in production has been independently reviewed.

Secbit

Last: Oct 2025 · fxMINT & Limit Orders

16 audits

Trail of Bits

Last: Jul 2024 · Oracle Design

2 audits

OpenZeppelin

Last: Aug 2025 · V2 full protocol

1 audit

Audit timeline — each dot = one report

SecbitTrail of BitsOpenZeppelin

View all audit reports on GitHub ↗

An independent trackerfor the f(x) Protocol ecosystem

An independent tracker
for the f(x) Protocol ecosystem