Translate the Chinese: $FXN is our highest confidence investment for this cycle. We started accumulating from $22 and have continued to buy. Now we have accumulated a fairly large position and plan to hold long-term. This is a complex protocol with a lot to cover, so let's dive deep. @protocol_fx has developed a new financial primitive that allows users to long or short ETH and BTC with up to 7x leverage. The unique aspect is that traders hardly have to pay any funding fees, and they are protected from liquidation through an automatic rebalancing system and a high maximum LTV (95%). Since fees are only charged when opening/closing positions, and the rebalancing mechanism protects users from liquidation, fx is very suitable for medium to long-term trading. I was able to hold a position of 30 ETH from December to July without being liquidated or drained by funding rates. This is thanks to fxUSD, a decentralized stablecoin backed by wstETH, which has rapidly grown to over $120...
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