Key Functions
Minting and Redeeming fxUSD, Opening and Closing xPOSITION:
Users can mint fxUSD and open xPOSITION by providing stETH as collateral.
The system dynamically adjusts leverage ratios and fxUSD minting to maintain stability.
Rebalancing Operations:
Automatically adjusts leveraged positions to safe levels, avoiding liquidation risk.
Liquidation Mechanism:
If rebalancing fails, the protocol initiates liquidation, redeeming associated fxUSD to minimize losses.
Stability Pool:
Provides yield opportunities while acting as a peg protector for fxUSD.
Maintains price stability through arbitrage operations.
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