What’s the engine behind the highest stablecoin yield in DeFi? How can $fxSAVE generate 18% APY with no emissions, and no points? You can see it in @MessariCrypto’s latest Stablecoin Report: fxSAVE is delivering some of the most consistent onchain yield in DeFi, while $fxUSD quietly becomes the fastest-growing decentralized stablecoin this cycle. Just last quarter, $fxUSD market cap jumped 35%, crossing $70M - all organic. So what’s behind the momentum? It all starts with how f(x) Protocol works. Users open fixed-leverage long -and soon short- positions on ETH and BTC, up to 7x, with no funding cost and built-in liquidation protection. Every time someone opens or closes a position, a fee is paid. That fee doesn’t vanish. It flows directly to fxSAVE, our yield-bearing stablecoin, where it combines with $stETH staking rewards to generate real, onchain yield. Fully transparent. Fully sustainable. Since launch, fxSAVE has averaged 9.8% APY. Today? It’s at 18%. No token emissions. No mercenary incentives. Just protocol-generated revenue. The feedback loop is tight: more users → more x/sPOSITIONs → more protocol fees → higher yield → more demand for fxSAVE. And around it goes. Flywheel. Sustainable mechanics. Real yield. No hype.