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fxn website page showing reserve asset values and minting options. The page displays values for fxUSD, btcUSD, rUSD, and fETH with options to mint and redeem leveraged tokens like xstETH and xfrxETH. The background is dark blue with a starry pattern.

f(x) Protocol

f(x) Protocol by AladdinDAO is a DeFi protocol on Ethereum that offers a decentralized stablecoin (fxUSD) and leveraged ETH tokens (fETH and xETH), all backed by staked ETH.

Frax Finance

Frax Finance is a decentralized algorithmic stablecoin, Frax, for stable value maintenance, enabling minting, redeeming, and transacting across various DeFi applications.