Скачать или смотреть f(x) Protocol: Decentralized Yield-Bearing Stablecoin & 0-Liquidation Perp - Cyrille Brière. Ep. 616

Without a doubt, the introduction of stablecoins has vastly increased overall crypto liquidity, adoption and real-world use cases as they offered a safe haven against the industry’s volatility, especially during bearmarkets. However, despite being extremely efficient, the main stablecoin actors (i.e. Circle & Tether) are centralised entities. Many attempts have been made to create a reliable decentralised stablecoin, but regulations and the resounding collapse of Terra’s UST have only pushed towards more established, yet centralised, variants.
f(x) is a new generation CDP (collateralised debt position) protocol that offers on-chain perpetual trading for BTC & ETH with near-0 funding rates and a novel liquidation mechanism which protects users against hard liquidations. The leverage component is powered by emitting fxUSD, the protocol’s decentralised stablecoin, which boasts robust peg-keeping mechanisms, the main one being fxSAVE’s stability pool. The fxSAVE strategy bestows nearly 10% APY to the yield-bearing fxUSD-USDC pair.

Topics discussed in this episode:
0:00 - Introduction
3:16 - Cyrille’s background
7:30 - AladdinDAO
10:33 - Decentralised stablecoins
16:27 - f(x) perps and sharing liquidation risks
24:06 - The efficiency of progressive liquidations
29:01 - Removing funding rates
30:36 - fxSAVE’s stability pool yields
39:38 - fxUSD’s organic adoption
43:46 - The importance of decentralised stablecoins
50:31 - Winning in the perp arena
55:52 - Opportunities in the stablecoin adoption race

Links mentioned in this episode:
Cyrille Brière on X: https://bit.ly/462ZycF
f(x) Protocol on X: https://bit.ly/4mesVgK
AladdinDAO on X: https://bit.ly/4nwrH1D

Sponsors:
Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at gnosis.io -

This episode is hosted by Sebastien Couture.
Show notes and listening options: https://open.spotify.com/episode/7wYv...