shares the same team as Aladdin DAO.

shipped key updates

announced non-liquidatable perpetuals launching in Q1 2025

Enabled anonymous transactions for fxUSD token with FXN earning capability.

Added LTV display feature on the loan confirmation page.

Launched mainnet as a spot DEX on Mantle, supporting AMM V2 and V3 models and optimized for RWAs.

Added SCOR token trading pair and liquidity provision support on the platform.

Moved Booster activity to Echo Market platform.

Over 10,000 sdFXN tokens now farm yields on LiquidBoost platform. Inverse Finance migrates voting incentives to Votemarket.

Votemarket veFXN voting round distributes $26K in total rewards across 8 campaigns, with 6 active protocols providing voting incentives including MetronomeDAO, SmarDex, Alchemix, Asymmetry Finance, and Frax Finance.

fxMINT launches support for multiple isolated positions, each with its own loan-to-value ratio, allowing users to manage separate conservative and aggressive positions simultaneously at 0.2% borrowing cost per position.

Zero-fee borrowing special renewed until end of the month.

Zero long position liquidations recorded on the platform since the 10.10 wick event and continuing to present.

Raacfi announces pmUSD, a gold-backed stablecoin built as a friendly fork of f(x) protocol, tokenized by Instruxi and Chainlink with Curve Finance integration for liquidity pooling.

Deposits $500 USDC voting incentives on Penpie platform, giving vlPNP voters +23% APR for supporting fxSAVE pool this epoch.

fxSAVE launches on Equilibria with vePENDLE integration and HypernativeLabs monitoring, offering 10%+ APY for deposits in multiple token formats including Pendle LP/PT.

fxUSD dropped in size by $10-20m+ between October and November 2025 as part of a broader stablecoin market contraction that saw overall stablecoin market cap decline by 2%.

Protocol passes proposal to pair fxUSD with frxUSD on Curve Finance.

Team co-hosted event at EFDevcon in Buenos Aires with interview conducted; industry leader validates fxUSD as "one of the few actual crypto stables" in the space.

Deploys $29K across 4 campaigns on Votemarket for veFXN voters.

Zero opening fees promotion on fxMINT extended until end of 2025 due to high demand, maintaining 0% opening fees, 0% interest, and 0.2% closing fees.

Season 2 of the f(x) Trading Challenge concludes with prize distribution of approximately 18,400 fxUSD across 100 winners, with claiming opening tomorrow.

Protocol runs 0% minting fee promotion for another 5 days when minting fxUSD and borrowing against ETH and BTC, maintaining 0% interest rate.

fxMint promotional offer this week eliminates opening fees, charging only 0.2% APY closing fee for minting fxUSD against ETH/BTC collateral with liquidation protection.

Protocol V2 crosses $1,000,000,000 in cumulative trading volume.

Issues $500 USDC incentives on Pendle Voting Market, providing vlPNP voters +37% APR for supporting the fxSAVE pool this epoch.

fxMINT presented at EFDevcon as a solution for Ethereum Foundation and launches a 7-day promotional period with zero minting fees for borrowing against ETH and BTC collateral.

Protocol expands to Base chain. New Ambassador joins team after acquiring large FXN position.

HarborFi launches booster program with f(x) protocol team support and integration of f(x) liquidation protection mechanism.

Partnership proposal with Frax Finance pairs fxUSD with frxUSD stablecoin for mutual growth.

Integration with VeloraDEX liquidity aggregator announced, enabling xPOSITION and sPOSITION trades to route through optimized paths.

New Curve Finance pool for ynRWAx/fxUSD goes live offering 11% ynRWAx APY, 5.4% base vAPY, 21-53% CRV tAPR, and up to 232% boosted APR through StakeDAO.

Over $50K in $FXN gauge incentives flow from 7 DeFi projects: Token Logic, Convex Finance, Asymmetry Finance, YieldNest Fi, SmarDex, Metronome DAO, and Alchemix Fi, with voting rounds active on StakeDAO and Trevee platforms.

f(x) Protocol allocates $500 USDC in voting incentives on Penpiexyz_io, offering 32% APR to vlPNP voters who support the fxSAVE pool.

Multi-project event in Cannes features the protocol with previous edition reaching 10x oversubscription, alongside Beefy Finance, Trevee, HyveXYZ, Silo Finance, and Odyssey Fi.

Airdrop announced for $FXN and $TIDE tokens.

Over 2,000 sdFXN minted through LiquidBoost last month, representing more than 10% of the FXN Liquid Locker total supply.

Integration with Euler Finance enables borrowing fxUSD at ~5.7% APY.

Protocol launches Limit Orders functionality for on-chain trading control.

A friendly fork of the protocol is about to launch.

Protocol allocates 500 USDC in bribes for fxSAVE pool, targeting vlEQB voters to direct PENDLE emissions and boost yields.

Harbor uses fxSAVE vault as the base to build leveraged tokens funded by collateral yield, representing a new integration of the protocol's infrastructure.

fxMINT launches, enabling users to mint fxUSD directly against BTC and ETH collateral with zero ongoing interest costs and only a small one-time fee.

fxMINT is now live, enabling borrowing against WBTC/ETH collateral for a flat fee while users maintain exposure to their assets.

Protocol achieved zero liquidations on October 10 during a market event that wiped $20B+ elsewhere, with current metrics showing $329M TVL and 9.35% APY on fxSAVE vault.

The first Principal Token expires, requiring users to migrate positions to the new expiry offering 16% APY.

Negative interest rates persist for 1.5 months on Curve llamalend for fxSAVE holders borrowing crvUSD.

Trading challenge remains active with rewards distributed to top 3 participants and 97 randomly selected users who join the event.

Protocol deposits $500 in incentives on Penpiexyz_io Voting Market, offering vlPNP voters +36% APR.

The fxSAVE fee switch mechanism will activate, resulting in Concentrator no longer being included on a particular list.

$70K in $FXN gauge incentives flow from 7 protocols including Token Logic, Convex Finance, and Asymmetry Finance, with voting rounds active on StakeDAO and Trevee platforms.

Protocols deposit $42K across 6 campaigns on Votemarket to attract veFXN votes and strengthen fxUSD liquidity, with f(x) protocol participating alongside MetronomeDAO, Inverse Finance, SmarDex, and Alchemix.

f(x) Market launches on Euler Finance, enabling users to supply and borrow fxUSD while earning yields in $FXN and $EUL tokens, with borrowing available at up to 95% LTV.

Fee revenue reaches $914k in 27 days, exceeding all Q3 fees by 30%.

Beefy Finance joins as co-sponsor for the DeFi kick-off event at EFDevcon.

Partnership with Fluidkey results in fxUSD airdrop to their smart wallet users.

Current APY stands at 9.43%, with 30-day average at 10.93% and 90-day average at 12.66%.

A new fxSAVE pool launches on Pendle with maturity set for April 30, 2026, offering PT, YT, and LP opportunities.

Co-hosting DeFi kick-off event at EFDevcon in Buenos Aires on November 17 with Hyve_DA, Trevee_xyz, SiloFinance, and 0xOdysseyApp.

Trading Challenge launches with 20,000 fxUSD total prize pool across 100 prizes, minimum $500 principal entry with zero funding fees.

Season 2 of the f(x) Trading Challenge launches Oct 21 through Nov 20 with 100 prizes including 8,000 fxUSD for first place, requiring $500 minimum principal to participate.

Sigma Money, a friendly fork of the protocol, announces 20% of SIGMA tokens will be airdropped to veFXN holders.

Approximately 25% of FXN token supply has been re-locked for another year.

Five voting campaigns are live for veFXN voters on Votemarket including DOLA+fxSAVE, msUSD+fxUSD, fxUSD Stability Pool, USDaf+fxUSD+BOLD+USDC, and alUSD+fxUSD, with rewards collection starting Thursday.

$fxSAVE listed among top markets in new Pendle voting campaigns on Votemarket, with rewards distribution this Thursday.

A governance vote is active for FXUSD bootstrap initiatives on Euler Finance.

TVL reaches $217M+, up 146% from previous $88M ATH recorded in July. Opening fees reduced to zero as part of limited-time promotion.

Zero liquidations recorded during last week's historical $20B market-wide liquidation event.

The protocol waives opening fees this week and reports no trader liquidations last weekend.

New partnership collaboration announced with ResupplyFi and Curve Finance for fxSAVE.

Zero liquidations recorded during a significant market flush, demonstrating the effectiveness of the protocol's liquidation brake protection mechanism.

Deposits $500 USDC in incentives on Penpiexyz_io Voting Market, offering 68% APR rewards to vlPNP voters who back the fxSAVE pool.

TVL increases 10x in 2025, demonstrating significant growth trajectory for the year.

Protocol TVL crosses $400M milestone with fxUSD supply at $125M positioning it as a major decentralized stablecoin issuer, while fxSAVE offers 11% APY on $100M+ TVL and FXN token trades at $5M market cap.

pfxSAVE on Plasma offers yield to USDT0 holders with a maximum ROE currently at 81%.

Total Value Locked surges over 10x in 2025 due to leverage positions that charge no funding fees and offer liquidation protection, per DefiLlama data.

fxSAVE deploys on Plasma network, expanding the protocol's platform availability.

The protocol is gaining visibility in top stablecoin swap rankings, with observers noting it's "bubbling up" and potentially challenging the USDC/USDT duopoly in the stablecoin market.

Users are being paid to borrow crvUSD against fxSAVE collateral on Curve Finance's llamalend platform, with this negative interest rate opportunity ongoing for three weeks.

PT-fxSAVE offers 17%+ fixed yield while YT-fxSAVE provides 200%+ APR when locked on Pendle, presenting two distinct yield strategies for the same underlying asset.

fxSAVE pool APR on Pendle's voting market drops to 47% for vlPNP voters, down from 79% in the previous epoch, while maintaining $500 USDC incentives.