xETH/WETH
What is the project about? f(x) splits ETH into a mix of low-volatility “floating stablecoins” called fETH and high-volatility “leveraged ETH” tokens called xETH. Users can supply ETH or stETH to mint either one (pure ETH is zapped into stETH before deposit) What makes your project unique? f(x) was created to avoid centralized risks from real-world assets. Apart from smart contract and oracle risk, which are common to nearly all DeFi protocols, the main risk for f(x) is of an extreme outlier rapid ETH price drop which is larger than the ability of the currently minted xETH to absorb. In that case, xETH price would go to zero (sort of like a liquidation) and fETH would lose its low volatility nature, reverting to 1:1 ETH price movements. What can your token be used for? xETH provides powerful, free leverage on ETH. No funding rate, a very low risk of liquidation. It’s a great token to amplify your gains on a long-term bet on ETH price growth.
Score | |
|---|---|
24h Vol | $800.01 |
Liquidity | $315.9K |
Holders | 370 |
Audits | |
Age | 2 years |
FDV | $1.8M |
Market Cap | $1.8M |
| Addresses | |
|---|---|
| Pool | |
| xETH |  |
| WETH | |
xETH to WETH Converter
Score | |
|---|---|
24h Vol | $800.01 |
Liquidity | $315.9K |
Holders | 370 |
Audits | |
Age | 2 years |
FDV | $1.8M |
Market Cap | $1.8M |
About Leveraged ETH (xETH)
What is the project about? f(x) splits ETH into a mix of low-volatility “floating stablecoins” called fETH and high-volatility “leveraged ETH” tokens called xETH. Users can supply ETH or stETH to mint either one (pure ETH is zapped into stETH before deposit) What makes your project unique? f(x) was created to avoid centralized risks from real-world assets. Apart from smart contract and oracle risk, which are common to nearly all DeFi protocols, the main risk for f(x) is of an extreme outlier rapid ETH price drop which is larger than the ability of the currently minted xETH to absorb. In that case, xETH price would go to zero (sort of like a liquidation) and fETH would lose its low volatility nature, reverting to 1:1 ETH price movements. What can your token be used for? xETH provides powerful, free leverage on ETH. No funding rate, a very low risk of liquidation. It’s a great token to amplify your gains on a long-term bet on ETH price growth.
xETH/WETH Price Stats
The current price of xETH (xETH/WETH) on Curve is $2.5135, the price is up 0.4% in the last 24 hours. Its 24-hour trading volume is reported to be at $800.01 with a total of 5 transactions. xETH/WETH contract address is 0x053d5be7c653325b58d88b942fb2454f8ffd8673, with a Fully Diluted Valuation (FDV) of $1.8M and a liquidity pool of $315.89K.
