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FX
DEX & liquidity

Fx Protocol

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

Total value held · all chains
$82.6 Million
+16.06% this week

100% on Ethereum · also on 0 other chains

Chains

1

Live yield options

10

Best reward rate

22.33%

Live since

2023

Where it runs

Available on 1 chains

  1. 01
    Ethereum Ethereum

    $82.6Million

    value held

Earn here · live yield options

Yields available on Fx Protocol

10 live options — yields range 3.65% to 22.33% per year, with a median of 5.48%.

  1. 01
    fx-protocol - FXUSDSTABILITYPOOLV2.0 Ethereum

    FXUSDSTABILITYPOOLV2.0

    Reward

    3.65%

  2. 02
    fx-protocol - FETH Ethereum

    FETH

    Reward

    4.8%

  3. 03
    fx-protocol - FXSAVE-SCRVUSD Ethereum

    FXSAVE · SCRVUSD

    Reward

    3.92%

  4. 04
    fx-protocol - FETH Ethereum

    FETH

    Reward

    5.19%

  5. 05
    fx-protocol - FXN-CVXFXN Ethereum

    FXN · CVXFXN

    Reward

    22.33%

  6. 06
    fx-protocol - RUSD Ethereum

    RUSD

    Reward

    3.8%

All 10 yield options on Fx Protocol Expand
Option Chain Reward Pool size
fx-protocol - FXUSDSTABILITYPOOLV2.0 Ethereum 3.65% $43.3Million
fx-protocol - FETH Ethereum 4.8% $471Thousand
fx-protocol - FXSAVE-SCRVUSD Ethereum 3.92% $467Thousand
fx-protocol - FETH Ethereum 5.19% $439Thousand
fx-protocol - FXN-CVXFXN Ethereum 22.33% $348Thousand
fx-protocol - RUSD Ethereum 3.8% $136Thousand
fx-protocol - CVXUSD Ethereum 10.6% $124Thousand
fx-protocol - CVXUSD Ethereum 12.86% $86.9Thousand
fx-protocol - FXN-SDFXN Ethereum 12.02% $35.5Thousand
fx-protocol - RUSD Ethereum 5.48% $33.5Thousand

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.

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?

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Right now yields on Fx Protocol run 3.7%–22.3% per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

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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 hourly. Always confirm directly before depositing funds.