fx Protocol
f(x) Protocol is a leverage trading platform on Ethereum where users go up to 7x long or short on ETH and WBTC with low funding costs.
What is fx Protocol?
f(x) Protocol is a leverage trading platform on Ethereum. Users open up to 7x long or short positions on ETH and WBTC with low funding fees and a rebalancing buffer that softens liquidations. The protocol also issues fxUSD, a stablecoin backed by stETH and WBTC, with a stability pool that pays yield from trading fees. f(x) holds around $90M in deposits.
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Developer resources from Alchemy
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fx Protocol alternatives
Explore web3 competitors and apps like fx Protocol.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
