fxUSD (fxUSD) stablecoin analytics
fxUSD is f(x) Protocol's CDP-minted dollar overcollateralized by WBTC and wstETH, with a Stability Pool arbitraging Curve to defend the peg.
Static Profile
Static stablecoin profile
fxUSD (fxUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jun 3, 2026
fxUSD is f(x) Protocol's CDP-minted dollar overcollateralized by WBTC and wstETH, with a Stability Pool arbitraging Curve to defend the peg. f(x) Protocol turns leveraged long positions into peg defense: xPOSITION NFTs represent looped exposure to WBTC (58%) and wstETH (42%)...
AI summary · drafted by claude-opus-4-8 · reviewed by @TokenBrice on Jun 3, 2026 · facts as of Jun 3, 2026
- Collateral
- WBTC (majority) and wstETH deposited as collateral into f(x) Protocol CDP vaults; xPOSITIONs represent looped leveraged positions as NFTs; fully overcollateralized; WBTC custody by BitGo/Coinbase introduces centralized dependency
- Peg Mechanism
- CDP-style with overcollateralization and liquidations; f(x) Protocol Stability Pool arbitrages the USDC/fxUSD Curve pool to defend the peg; two yield strategies: (1) Curve LP with FXN gauge, (2) Stability Pool with wstETH real yield, fxSAVE autocompound, or FXN gauge; fxUSD redeemable at oracle price for underlying collateral when below peg; automatic rebalancing and liquidation of under-collateralized positions
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is fxUSD safe?
Pharos does not mark fxUSD as absolutely safe. Static metadata says fxUSD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety fxusd-f-x-protocol
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 3, 2026.
fxUSD quick answers
What is fxUSD (fxUSD)?
fxUSD is f(x) Protocol's CDP-minted dollar overcollateralized by WBTC and wstETH, with a Stability Pool arbitraging Curve to defend the peg. The static profile records its US Dollar peg mechanism as: CDP-style with overcollateralization and liquidations; f(x) Protocol Stability Pool arbitrages the USDC/fxUSD Curve pool to defend the peg; two yield strategies: (1) Curve LP with FXN gauge, (2) Stability Pool with wstETH real yield...
What backs fxUSD?
Pharos classifies fxUSD backing as Crypto-Collateralized. Collateral, per the static profile: WBTC (majority) and wstETH deposited as collateral into f(x) Protocol CDP vaults; xPOSITIONs represent looped leveraged positions as NFTs; fully overcollateralized; WBTC custody by BitGo/Coinbase introduces centralized dependency Reserve evidence: live reserve feed configured.
Can fxUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for fxUSD, when applicable, appear in the dossier below.