Why $fxUSD Is a Super-Stablecoin — My Due-Diligence Notes You might like a stablecoin for its yield, narrative, or ecosystem… But the only question that truly matters is: Can it stay at $1 when the market turns chaotic? Facts: - 10/10: $20B wiped out across crypto → fxUSD stayed at $1 - FOMC volatility: massive intraday swings → fxUSD stayed at $1 - 11/4 major correction → fxUSD stayed at $1 Why do other “stablecoins” blow up, but fxUSD doesn’t? 1. Real collateral backing Many stablecoins are LP shares, fund shares, treasury notes, AMM formulas, or rely on market-maker pricing. They depeg instantly in stress. fxUSD: → 100% backed by wBTC & wstETH → No recursive loops → No black boxes → No off-chain risk 2. External risks USDC depends on reserve banks’ solvency. RWA stablecoins depend on redemption queues and panic behavior. fxUSD is fully on-chain, transparent, and automated — zero off-chain dependence. 📍 Real-time treasury: Anyone can monitor contract health anytime. 3. Sustainable revenue model All revenue from: → @protocol_fx leverage traders’ open/close fees → Yield from staked assets (wstETH) 75% of protocol revenue goes to $fxSAVE. So far: $7M+ in wstETH distributed. (Can easily monitor all the protocol fee via Telegram bot.) 4. Five-layer peg defense system ① Stability Pool arbitrage (peg-keeper) fxUSD < 0.998 → auto-buy fxUSD > 1.002 → auto-sell ② Freeze new longs during depeg fxUSD < $0.998 → disables new leveraged longs, preventing fresh minting and sell pressure ③ Dynamic funding fee If needed, funding fee rises; 100% goes to Stability Pool to attract USDC liquidity ④ sPOSITION creates organic buy pressure ⑤ Final line: $1 redemption Buy cheap fxUSD → redeem for wBTC/wstETH (0.5% fee) Five layers = extremely rigid $1 peg. fxUSD does NOT rely on: ❌ Market makers ❌ Exchanges ❌ Banks ❌ Third-party institutions ❌ Human sentiment fxUSD relies on: 🟩 On-chain mechanics 🟩 Hard collateral 🟩 Automated arbitrage 🟩 Risk controls 🟩 Leverage demand Team culture & philosophy (longer post): Conclusion $fxUSD is the real super-stablecoin — truly decentralized stability.