-
One article teaches you how to play ETH graded leverage agreement f (x)
Summary of f (x) protocol in one sentenceThe f (x) protocol divides ETH into a series of low volatility "floating stable coins" (referred to as fETH) and high volatility "leveraged ETH" tokens (referred to as xETH). Users can provide ETH or stETH to cast one of them (pure ETH will be converted to stETH before depositing)Basic information of the agreement and my personal interpretationFETH: fETH is a 10% stable currency that anchors ETH fluctuations (not the US dollar stable currency of other LSD projects, but a low volatility stable currency that anchors ETH)XETH: xETH is an ETH with variable leverage, no liquidation, and no holding costs
