The Edge Podcast

YIELD TALKS: How to Get 10X Long Without Liquidations or Funding Fees on f(x) V2

15 snips
Jan 5, 2025
Explore the revolutionary launch of a decentralized trading platform offering 10X non-liquidatable leverage without funding fees. Discover how V2 enhances leverage consistency and supports multiple collateral types. Delve into innovative features that make trading simpler and more cost-effective, including cryptocurrency deposits that avoid triggering taxable events. Plus, get insights on future plans for Bitcoin integration and the move to Layer 2, ensuring users navigate the evolving DeFi landscape with ease and excitement.
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INSIGHT

f(x) Protocol Overview

  • f(x) protocol is a decentralized perpetual trading platform.
  • It offers non-liquidatable leverage and no funding fees, enabling long positions on assets like ETH.
INSIGHT

f(x) V1 Origins and Features

  • f(x) V1 was created in response to the Silicon Valley Bank failure and USDC de-pegging.
  • It prioritized decentralization and introduced a unique stablecoin platform backed by staked ETH.
INSIGHT

f(x) V2 Improvements

  • f(x) V2 improves on V1 by having the protocol manage stablecoin minting and redeeming.
  • This addresses conflicting motivations of stablecoin and X token holders seen in V1.
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