f(x) Protocol is a decentralized stablecoin and leverage trading system on Ethereum. Its core product is fxUSD, an overcollateralized stablecoin backed solely by stETH and wBTC, with no off-chain custody.
Users can borrow fxUSD against stETH or wBTC collateral for a flat one-time fee, or open leveraged long and short positions on ETH and BTC, which loop fxUSD against the same collateral for up to 7x exposure. Both paths mint fxUSD against the same backing.
Yield is generated from two real sources: stETH staking rewards on the underlying collateral, and fees paid by borrowers and leverage traders. That yield flows to the Stability Pool, where users can deposit fxUSD or USDC to earn it. The yield is organic, with no FXN emissions or token inflation funding it.
#1803 f(x) Protocol
FXN
Suspiciously similar
Price of 1 f(x) Protocol today (16 October)
$ 23.59
Market Cap
FDV valuation
$ 47.2 mln.
FDV = price × maximum supply. This is not a price forecast.
Maximum supply: 2 000 000 tokens.
FDV / market cap: 12.18×.
Quote: 2026-10-16 14:55:00 UTC.
Saved supply is used; its verification date is unknown.
Maximum supply: 2 000 000 tokens.
FDV / market cap: 12.18×.
Quote: 2026-10-16 14:55:00 UTC.
Saved supply is used; its verification date is unknown.
Volume · 24h
$ 45.6 ths.
+6.71%
Market share
<0.01%
Circulating FXN
—
Max supply
2 000 000
Price: low and high
24 hrs
Low $ 22.35
High $ 23.65
30 days
Low $ 19.08
High $ 34.8
1 year
Low $ 10.23
High $ 57.42
All time
Low $ 12.22
High $ 219.95
-89.27% from ATH
+832.39% to ATH
How the range is calculated
24h uses saved quotes from the last 24 hours. The 30-day and one-year views use daily lows and highs for UTC calendar days, including today. Gaps are not filled; prices may have differed between samples. The dot marks the current price, not a buy signal.
All time uses CoinGecko’s USD ATL and ATH. Other currencies use the current exchange rate; these are not historical records in the selected currency.
Exchanges where FXN is traded
| Exchange | Pair | Price | Volume, 24h | ||
|---|---|---|---|---|---|
| 1 | Curve (Ethereum) 1.0 | FXN/WETH |
$ 26.38
WETH 0.0104
spread 0.6%
|
$ 45 0734d ago | Buy |
Calculator FXN
1 FXN = 23.59 USD
Developer activity
AladdinDAO
What is f(x) Protocol?
Official websites and links for f(x) Protocol
There are currently about 4 official links to f(x) Protocol websites and social media:
- Website - fx.aladdin.club
- Twitter - twitter.com/protocol_fx
- Facebook - facebook.com
- GitHub - github.com/AladdinDAO