f(x) Protocol current market price is $69.28 with a 24 hour trading volume of $97,515. The total available supply of f(x) Protocol is 1,133.01K FXN with a maximum supply of 2,000.00K FXN. It has secured Rank 2100 in the cryptocurrency market with a marketcap of $4,499.07K. The FXN price is 0.1% down in the last one hour.
The high price of the f(x) Protocol is $70.92 and low price is $66.91 in the last 24 hours. Live prices from all markets and coin market Capitalization. Stay up to date with the latest price movements. Check our coin stats data and see when there is an opportunity to buy or sell at best price in the market.
2100
$69.28
$4,499.07K 3.54%
$78.50M
$97,515
64,938 FXN
1,133.01K FXN
2,000.00K FXN
$70.92
$66.91
$219.95 68.5%
14 Mar 2024
$12.22 467.02%
29 Sep 2023
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0.1%
2.95%
22.12%
36.23%
134.3%
208.14%
30.19%
30.14%
No historical data available for .
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What is the project about?f(x) Protocol creates two new ETH derivative assets, one with stablecoin-like low volatility and the second a leveraged long ETH perpetual token. These tokens are created by separating ETH collateral into a lower-volatility token named fETH, and a higher-volatility token named xETH.What makes your project unique?f(x) Protocol is bult with the aim of creating a symbiotic system that decomposes ETH into two useful tokens.For fETH, the goal is to produce a low volatility token which:Is fully decentralized and Ethereum-native;Minimizes volatility while retaining a small exposure to the market;Can be minted and redeemed instantly in direct response to stablecoin demand;Has maximum liquidity depth based on a multiple of demand for xETH, rather than a fraction of demand for CDPs.Specifically for xETH, we create a leveraged long ETH token which:Is fully decentralized and Ethereum-native;Is composable, with liquidity on-chain;Has extremely low risk of liquidation.What can your token be used for?f(x) will adopt ve tokenomics. Locking FXN will receive veFXN. The longer the lock time, the more veFXN received. 75% of treasury revenue will be distributed to veFXN holders.
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