About f(x) Protocol Leveraged ETH
What is the project about? f(x) splits ETH into a mix of low-volatility “floating stablecoins” called fETH and high-volatility “leveraged ETH” tokens called xETH. Users can supply ETH or stETH to mint either one (pure ETH is zapped into stETH before deposit) What makes your project unique? f(x) was created to avoid centralized risks from real-world assets. Apart from smart contract and oracle risk, which are common to nearly all DeFi protocols, the main risk for f(x) is of an extreme outlier rapid ETH price drop which is larger than the ability of the currently minted xETH to absorb. In that case, xETH price would go to zero (sort of like a liquidation) and fETH would lose its low volatility nature, reverting to 1:1 ETH price movements. What can your token be used for? xETH provides powerful, free leverage on ETH. No funding rate, a very low risk of liquidation. It’s a great token to amplify your gains on a long-term bet on ETH price growth.
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Market Stats
Market Cap
Not enough data
FDV
$7.27M
Circ. Supply
Not enough data
Max Supply
3.9M XETH
Total Supply
3.9M XETH
Diluted Valuation
$1.21M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$5.46K
39.93%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$2.31
Price Change (1Y)
Not enough data
26%
Additional details
Market details
XETH vs markets
↘ 7.02%
XETH vs BTC
↘ 10.18%
XETH vs ETH
↘ 12.67%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xe063F04f280c60aECa68b38341C2eEcBeC703ae2 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.88 | |
1 Day | $2.00 | |
1 Week | $2.26 | |
1 Month | $2.29 | |
1 Year | $2.54 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
f(x) Protocol Leveraged ETH calculator
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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