Read through this $FXN breakdown, and the numbers are useful. But what stuck with me is where f(x) sits in DeFi right now.
On-chain leverage and decentralized stablecoin yield are arguably two of DeFi's major demand currents this cycle.
@protocol_fx has a foot in both. Leverage on ETH and BTC on one side, ethereum:0x085780639cc2cacd35e474e71f4d000e2405d8f6 and the yield built around it on the other.
Plenty of protocols focus on one of those. This one has products in both.