Safety & Coverage

Independent safety assessment for fxUSD and the f(x) Protocol ecosystem. Pharos.watch grade, security audit history, and methodology links. Not financial advice.

Safety & Coverage
A-
Overall grade
Full report on Pharos.watch ↗
Last Pharos report
Smart ContractMechanismPeg StabilityLiquidityCollateralGovernance
Smart Contract8.5
Mechanism8
Peg Stability8.5
Liquidity7
Collateral8
Governance7.5
Scores from Pharos.watch · independent third-party.
NXM
Nexus Mutual Coverage
Informational · Not a yield opportunity
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Open Nexus Mutual ↗
19
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 ↗

Pharos.watch scores are produced by an independent third party. This site does not control or influence these scores. Security audit data is manually curated from public audit reports. Not financial advice.