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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