# 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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