---
title: "f(x) USD Saving (fxSAVE) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/fxsave-f-x-protocol/"
description: "Build-time stablecoin profile for f(x) USD Saving (fxSAVE). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# f(x) USD Saving (fxSAVE)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

fxSAVE is a {{term:yield-bearing}}value-accruing{{/term}} vault share over f(x) Protocol's Stability Pool, inheriting fxUSD {{term:cdp}}CDP{{/term}} collateral risk on WBTC and wstETH. fxSAVE packages f(x) Protocol Stability Pool exposure into a value-accruing vault share. It is not a plain fxUSD balance: the reserve path runs through fxSP, so Pharos treats it as a high-risk strategy vault while keeping the fxUSD parent dependency and {{term:overcollateralization}}overcollateralization{{/term}} requirements explicit.

## Collateral

ERC-4626 vault receipt over the f(x) Protocol V2 Stability Pool (fxSP / FxUSDBasePool), whose direct underlying is fxUSD plus a USDC reserve leg (currently fxUSD-dominant); auto-compounds wstETH/WBTC and Aave yield into more fxUSD and USDC. Backing inherits fxUSD's WBTC and wstETH CDP collateral base plus the USDC leg and strategy/oracle execution risk

## Peg Mechanism

fxSAVE is an auto-compounding ERC-4626 vault over the f(x) Protocol V2 Stability Pool (fxSP); holders redeem shares for fxSP and exit the pool to a fxUSD+USDC mix, then inherit fxUSD's CDP redemption and liquidation mechanics (Stability Pool arbitrages the USDC/fxUSD Curve pool to defend the peg)

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x7743e50f534a7f9f1791dde7dcd89f7783eefc39` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/fxsave-f-x-protocol.