Epicenter - Learn About Blockchain, Ethereum, Bitcoin And Distributed Technologies

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