fx Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

fx Protocol's governance or utility token carries a market capitalisation of 2,4 M $US based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (2,4 M $US) is small relative to deposits secured by the protocol (33,2 M $US); a mcap/TVL multiple of 0.07× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Événements majeurs signalés par la communauté DeFiLlama — lancements de protocole, exploits, changements de gouvernance et programmes d'incitations.

1. Aug 4, 2023
   Listé sur DeFiLlama

fx Protocol is a Dual-Token Stablecoin issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).

fx Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum-pool2, pool2, Ethereum), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (2,4 M $US) is small relative to TVL (33,2 M $US) — a mcap/TVL ratio of 0.07 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for fx Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

fx Protocol is one of 7 Dual-Token Stablecoin protocols Mantapex tracks in this category. Direct peers ranked by total value locked include MoneyOnChain, Hylo Protocol, RIF ON CHAIN, and 3 more. These peer protocols collectively secure 89,4 M $US in deposits, giving you a frame of reference for whether fx Protocol's own TVL is at the top, middle, or tail of the category.

MoneyOnChain

TVL 43 M $US · 24h +0.20%

Hylo Protocol

TVL 25,5 M $US · 24h -0.50%

RIF ON CHAIN

TVL 11,3 M $US · 24h +3.42%

Djed Stablecoin

TVL 9,6 M $US · 24h +1.42%

DogeDollar

TVL 3,4 k $US · 24h -0.71%

Ethereum Classic Stable Dollar

TVL 2,8 k $US · 24h -0.01%