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FX
DEX & liquidity

Fx Protocol

Decentralized exchange — earn fees by helping other people swap tokens.

Visit official site ↗ @protocol_fx
Total value held · all chains
$94.2 Million
▼ -1.02% this week

100% on Ethereum · also on 0 other chains

Chains

1

Live yield options

21

Best reward rate

25.09%

Live since

2023

Where it runs

Available on 1 chains

  1. 01
    Ethereum Ethereum

    $94.2Million

    value held

    →

Earn here · live yield options

Yields available on Fx Protocol

21 live options — yields range 0.12% to 25.09% per year, with a median of 6.66%.

  1. 01
    fx-protocol - FXUSDSTABILITYPOOLV2.0 Ethereum

    FXUSDSTABILITYPOOLV2.0

    Reward

    4.92%

    →
  2. 02
    fx-protocol - USDC-FXUSD Ethereum

    USDC · FXUSD · USDC+fxUSD

    Reward

    4.08%

    →
  3. 03
    fx-protocol - MSUSD+FXUSD Ethereum

    MSUSD+FXUSD

    Reward

    0.52%

    →
  4. 04
    fx-protocol - REUSD+FXUSD Ethereum

    REUSD+FXUSD

    Reward

    6.66%

    →
  5. 05
    fx-protocol - USDNR-FXUSD Ethereum

    USDNR · FXUSD

    Reward

    —

    →
  6. 06
    fx-protocol - FXSAVE-SCRVUSD Ethereum

    FXSAVE · SCRVUSD

    Reward

    5.67%

    →
All 21 yield options on Fx Protocol Expand →
Option Chain Reward Pool size
fx-protocol - FXUSDSTABILITYPOOLV2.0 Ethereum 4.92% $60.7Million
fx-protocol - USDC-FXUSD Ethereum 4.08% $6.98Million
fx-protocol - MSUSD+FXUSD Ethereum 0.52% $581Thousand
fx-protocol - REUSD+FXUSD Ethereum 6.66% $548Thousand
fx-protocol - USDNR-FXUSD Ethereum 0.0% $430Thousand
fx-protocol - FXSAVE-SCRVUSD Ethereum 5.67% $427Thousand
fx-protocol - FXN-CVXFXN Ethereum 25.09% $379Thousand
fx-protocol - ETH+FXN Ethereum 19.84% $323Thousand
fx-protocol - FETH Ethereum 5.07% $287Thousand
fx-protocol - FETH Ethereum 10.38% $160Thousand
fx-protocol - ALUSD+FXUSD Ethereum 8.94% $140Thousand
fx-protocol - FXUSD+FRXUSD Ethereum 0.0% $109Thousand
fx-protocol - CVXUSD Ethereum 11.99% $73.4Thousand
fx-protocol - GHO-FXUSD Ethereum 7.17% $61Thousand
fx-protocol - CVXUSD Ethereum 15.66% $56.2Thousand
fx-protocol - EUSD+FXUSD Ethereum 0.12% $43.2Thousand
fx-protocol - RUSD Ethereum 8.32% $38.6Thousand
fx-protocol - RUSD Ethereum 3.44% $31.1Thousand
fx-protocol - FXUSDSTABILITYPOOLV2.0(REWARDSFXN) Ethereum 0.0% $30.8Thousand
fx-protocol - USDAF+FXUSD+BOLD+USDC Ethereum 0.0% $28.2Thousand
fx-protocol - FXN-SDFXN Ethereum 0.14% $24.6Thousand

How it works

Using Fx Protocol in three steps

  1. 1

    Pair two tokens

    Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.

  2. 2

    Earn a share of fees

    Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.

  3. 3

    Watch out for IL

    If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.

Read up

About Fx Protocol

f(x) Protocol is a decentralized on-chain trading platform that enables stress-free leverage on ETH and WBTC while delivering the highest organic & sustainable yield on stablecoins. By utilizing an innovative mechanism, we offer up to 7X long or short exposure with minimum liquidation risk & funding costs. To fuel the leverage positions, the protocol mints fxUSD, a scalable & decentralized stablecoin with a strong peg to the dollar and backed by wstETH and WBTC.

Description provided by the protocol team. Always verify directly before depositing funds.

Tokens earning here

Top tokens earning yield through Fx Protocol

FX

FXUSDSTABILITYPOOLV2.0

FXUSDSTABILITYPOOLV2.0

→ FX

FXUSD

FXUSD

→ USDC

USDC

USDC

→ US

USDC+fxUSD

USDC+fxUSD

→ MS

MSUSD+FXUSD

MSUSD+FXUSD

→

Frequently asked

What people ask about Fx Protocol

What is Fx Protocol?

+

Fx Protocol is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.

Is using Fx Protocol safe?

+

Fx Protocol has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

+

Right now yields on Fx Protocol run 0.1%–25.1% per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

+

Fx Protocol runs on 1 chains, including Ethereum. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh daily. Always confirm directly before depositing funds.

See also

Terms used on this page

See every term →