fxUSD Observer
Independent tracker for the f(x) ecosystem

Lending

fxUSD Lending Markets

Borrow against collateral or explore leveraged/loop strategies across Morpho Blue, Monarch, and Tangent.

Live Morpho Blue and Monarch markets show real-time utilization, available liquidity, and borrow APY. Tangent CDP markets that use collateralized borrowing to increase exposure are grouped under Leveraged / Loop. The fxSAVE Loop Calculator is a separate modelling tool further down the page, not a market listing.

Data is indicative and may change rapidly. Not financial advice.

Borrowing / Collateral

Collateralized borrowing markets and lending positions with liquidation-risk mechanics.

Market
Type
Supply / Vault yield
Borrow APY
TVL / Liquidity
Collateral / LLTV
Risk
Supply vault
Vault APR
—
APR basis (not compounding)
n/a
$958.2K
—
—
Open on MorphoDetails →
Monarch · USDC / fxSAVE
Collateralized borrow
Supply APY
7.99%
9.33%
$856.5K
Available: $117.7K
Collateral: fxSAVELLTV 86%
Liquidation risk
Open on MonarchDetails →
Supply vault
Vault APR
0.46%
APR basis (not compounding)
n/a
$97.7K
—
—
Open on MorphoDetails →
Morpho
Supply vault
Vault APR
—
APR basis (not compounding)
n/a
$958.2K
—
—
Open on MorphoDetails →
Monarch · USDC / fxSAVE
Collateralized borrow
Supply APY
7.99%
9.33%
$856.5K
Available: $117.7K
Collateral: fxSAVELLTV 86%
Liquidation risk
Open on MonarchDetails →
Morpho
Supply vault
Vault APR
0.46%
APR basis (not compounding)
n/a
$97.7K
—
—
Open on MorphoDetails →

Leveraged / Loop

Leveraged or loop-style lending strategies, including products that use collateralized borrowing to increase exposure.

TangentFreshLoop / CDP

Leveraged fxUSD/USDC market on Tangent (new protocol, limited track record).

YIELD STATUS
2.76% vAPR
Up to 27.58% at max leverage
Protocol-observed · static
STRATEGY TVL
$560.1K
Capacity limited
LeverageLiquidation riskPeg riskNew protocolOracle risk
Protocol-observed value from Tangent's own UI (as of 2026-07-29); not live-synced. Max vAPR assumes a fully leveraged/looped position — verify current values on Tangent before acting.
Open protocolDetails →
TangentFreshLoop / CDP

Leveraged reUSD/fxUSD market on Tangent (new protocol, limited track record).

YIELD STATUS
3.87% vAPR
Up to 24.19% at max leverage
Protocol-observed · static
STRATEGY TVL
$126.9K
LeverageLiquidation riskPeg riskNew protocolOracle riskImpermanent loss
Protocol-observed value from Tangent's own UI (as of 2026-07-29); not live-synced. Max vAPR assumes a fully leveraged/looped position — verify current values on Tangent before acting. Includes impermanent-loss risk.
Open protocolDetails →
fxMINT Bot
Managing an fxMINT position? Use fxMINT Bot to set Telegram alerts for address-based LTV, collateral ratio, and liquidation-risk thresholds.
Set up alerts →

Tools

Calculators and helper tools for modelling lending and loop strategies. Simulated figures only — not a market listing.

MorphoMorpho BluefxSAVE LoopEthereum · Live

Deposit fxSAVE as collateral, borrow USDC, swap it back to fxSAVE and repeat — multiplying your exposure to fxSAVE yield. The calculator shows the effective net APY and position risk for a given number of loops on the fxSAVE/USDC Morpho market ↗.

Loading live market data…
10%91.50% liq.
110
Loop steps
Deposit+$10.0k fxSAVE
→
Borrow + swap$8.0k USDC → fxSAVE
Deposit+$8.0k fxSAVE
→
Borrow + swap$6.4k USDC → fxSAVE
Deposit+$6.4k fxSAVE
→
Borrow + swap$5.1k USDC → fxSAVE
Net effective APY
19.19%
on $10.0k initial capital · 2.95× leverage
Position summary
Total fxSAVE deposited
$29.5k2.95× initial
Total USDC borrowed
$19.5kLTV 66.1%
Gross yield / year
+$1.9k6.50% on $29.5k
Borrow cost / year
−$0.000.000% on $19.5k
Net yield / year
+$1.9k
Position LTV vs. liquidation threshold66.12% / 91.50% — Safe
Health factor: 1.38
Risk note — this strategy amplifies exposure to fxSAVE. If fxSAVE depegs below $1, all positions lose value simultaneously and the health factor drops. A borrow APY spike above 2.20% makes the strategy unprofitable. Swap fees (≈0.01% stablecoin) are not included.
Enter 3-loop strategy on Morpho (2.95× leverage)

Deposit $10.0k fxSAVE → borrow $19.5k USDC total · net APY 19.19% · LTV 66.1%

Data: Morpho Blue API · fxSAVE/USDC market · Ethereum mainnetIndicative only. Not financial advice.

About these markets

Morpho Blue creates isolated lending markets where each collateral and loan asset pair has its own risk parameters. The fxUSD-related Morpho markets shown here are surfaced as lending opportunities when live data is available.

Monarch is an automated lending route built on top of Morpho markets. It is shown separately because the strategy, risk profile, and available liquidity can differ from direct Morpho market exposure.

Tangent CDP markets carry leveraged exposure by design — they use collateralized borrowing to increase exposure, so they are grouped under Leveraged / Loop rather than Borrowing / Collateral.

Compare all yield opportunities →

Rates, utilisation, and liquidity are sourced from live protocol data where available. Values are indicative, may change rapidly, and are not financial advice.