fxSAVE is a yield-bearing stablecoin from the f(x) Protocol, consistently offering among the highest on-chain APYs in DeFi, currently around 18% APY, with a historical average near 10%. Unlike other platforms, fxSAVE produces yield without relying on token emissions or points incentives, making its returns more sustainable and organic. The f(x) Protocol enables users to open fixed-leverage positions: long/short on ETH and BTC, with leverage up to 7x, no funding costs, and built-in liquidation protection. Every position (xPOSITION) opened or closed incurs a protocol fee. These fees are collected and directly distributed to fxSAVE holders. Additionally, f(x) Protocol pools underpinning fxSAVE also receive stETH staking rewards, further boosting yields. This results in a closed-loop or "flywheel" which goes like: more users → more positions → more fees → higher yields → more demand for fxSAVE. There are no token inflation or mercenary incentives: all yield is generated from actual user activity (protocol fees) and staking rewards, not from unsustainable reward emissions. $fxUSD, the stablecoin collateralized by @protocol_fx, has become one of the fastest-growing decentralized stablecoins. Its market cap surged by 35% last quarter, surpassing $70M. Growing user adoption strengthens the protocol's feedback loop, increasing yield and attracting yet more deposits. In the recent 90-day trend charts, fxSAVE remains consistently the top-yielding major stablecoin, sitting at 18% APY, versus significantly lower rates seen on other platforms. Most competing stablecoins offer lower, fluctuating yields and rely on opaque or emission-driven incentives. A very good play for stablecoin enjoyers who want high yield. One of my favorites these days in addition to Ethena.
134.28K
667
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.