Tao Wang, AladdinDAO: Exploring f(x) Protocol 2.0

all right next up we have ta Wang who is an engineer at FFX protocol and he will be unveiling FFX V uh protocol 2.0 let's [Applause] go saika uh okay uh this is T um uh I'm the I'm the engineer on the FX protocol today I'm going to introduce you the FX protocol 2.0 where we have achieved uh some interesting things which including the highest real yield on stable coin and the up to 10 times leverage with non individual liquidation risk and no funding fees oh oh okay yeah sorry okay uh FX protocol uh V1 uh we have uh we have running the protocol over a years with 20,000 East stay uh storing safely and provided robust uh backing for the protocol operation we have generate 1,7 East uh in fees and uh distributed 75% to the VFX holder okay oh okay it's Clos okay yeah so no VC no team allocation we are the Community First from the day one for the people who are not familiar with FX protocol uh the quick recap of the FX protocol invariant the total value of the reserve as the collateral always equal to the total value of the stable coin and the total value of the exposition we are achieving 100% Capital efficiency unlike the CDP model locking over calized asset in the contract FX release them by the by product to improve the model's Capital efficiency to 100% which providing additional real utility and enhancing the portol profitability FX protocol 2.0 uh introducing some uh essential new features which including up to 10x fixed leverage no individual liquidation risk no funding fee all this new feature combined with the intuitive Perpetual interface will make FX the best trading plan platform for the leverage Trader on the stable side on the stable side um we are getting uh the stability pool will be revamped to the 100% USD Delta natural strategy which will earning in the uh Perpetual treading fee FX emission and the staking reward which will make it the highest real yield for the USD strategy and is truly decentralized at the same time okay there are several uh building block to make the FX protocol uh improve uh uh excellent so the first one is uh meaning and uh uh the first one is open and closing the fixed leverage so it's powered by The Flash Lo so the system will borrow the East and use it to Mint FX USD alongside with the exposition then sell the FX USD for usdc then repay the flash loan when the user close the X the system will borrow the usdc to uh uh to buy FX USD and redeem your Exposition then use the redeem stth to pay the flash loan okay the second second one is the stability pool this is the core component of the system it's it's providing 100% USD uh USD uh uh U USD Delta natural strategy uh it also it also um uh earning the it also earning the Perpetual trading fee staking reward and FX emission then the rebalance the rebalance is a Majic component for the system to achieve non liquidation so when the uh when the position Leverage is over the rebalance line the system will automatically uh match the uh will sell your FX USD to bring your leverage position back to the rebalance line the system set up a rebalance line based on the value at risk which is a common Financial methodology to as assesses uh risk asset to uh based on the uh uh historical volatility okay then the the bar uh the the the bar uh balance uh all the rebalance will be uh conducted in uh in a bar part oh sorry part system which will be uh rebalanced in one transaction for the operational excellent okay so a quick s uh sum up the FX 2.0 the complete package so you are earning the highest real yield for the USD strategy a USD Delta natural strategy and the combine with the exposition which it gets the up to 10 times leverage the low liquidation risk and the zero funding fee uh I cannot cover all the details in a short presentation but I put a lot of information in the appendix which including the rebalance example with number and also the five layer risk management framework and the strong packing mechanism we are we are we are we are starting the crypto journey to building a truly decentralized world and the fact is we are not there yet so we are working to build the future we want so I believe FX will break through on scaling reshape the landscape of the stable farming and The Leverage tradings let's make a stable coin G again right yeah I believe FX USD [Applause] sorry and one more thing don't forget to scan the QR codes thank you [Applause]