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f(x) Protocol Leveraged ETH priceXETH
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For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
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- Total supply
- 3.86M XETH
- Self-reported circulating supply
- 3.86M XETH
Max. supply
3.86M XETH
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About f(x) Protocol Leveraged ETH
The f(x) Protocol is a DeFi solution that addresses the need for a stable asset in the cryptocurrency space while mitigating centralization risks and capital efficiency issues. It was conceived by Aladdin DAO; the banking crisis in March, combined with the depegging of USDC, highlighted the need for a new type of stable asset. The xETH token, also called leveraged ETH, is a decentralized, composable leveraged long ETH futures contract with a low risk of liquidations and 0 funding fee (and in extreme cases, xETH minters can earn fees).