Without a doubt, the introduction of stablecoins has vastly increased overall crypto liquidity, adoption and real-world use cases as they offered a safe haven against the industry’s volatility, especially during bearmarkets. However, despite being extremely efficient, the main stablecoin actors (i.e. Circle & Tether) are centralised entities. Many attempts have been made to create a reliable decentralised stablecoin, but regulations and the resounding collapse of Terra’s UST have only pushed towards more established, yet centralised, variants.f(x) is a new generation CDP (collateralised debt position) protocol that offers on-chain perpetual trading for BTC & ETH with near-0 funding rates and a novel liquidation mechanism which protects users against hard liquidations. The leverage component is powered by emitting fxUSD, the protocol’s decentralised stablecoin, which boasts robust peg-keeping mechanisms, the main one being fxSAVE’s stability pool. The fxSAVE strategy bestows nearly 10% APY to the yield-bearing fxUSD-USDC pair.Topics covered in this episode:<ul><li>Cyrille’s background</li><li>AladdinDAO</li><li>Decentralised stablecoins</li><li>f(x) perps and sharing liquidation risks</li><li>The efficiency of progressive liquidations</li><li>Removing funding rates</li><li>fxSAVE’s stability pool yields</li><li>fxUSD’s organic adoption</li><li>The importance of decentralised stablecoins</li><li>Winning in the perp arena</li><li>Opportunities in the stablecoin adoption race</li></ul>Episode links:<ul><li><a href="https://x.com/cyrille_briere" target="_blank" rel="noopener noreferer">Cyrille Brière on X</a></li><li><a href="https://x.com/protocol_fx" target="_blank" rel="noopener noreferer">f(x) Protocol on X</a></li><li><a href="https://x.com/aladdindao" target="_blank" rel="noopener noreferer">AladdinDAO on X</a></li></ul>Sponsors:<ul><li>Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world&#39;s first Decentralized Payment Network. Get started today at - <a href="gnosis.io">⁠gnosis.io⁠</a></li></ul>This episode is hosted by Sebastien Couture.

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f(x) Protocol: Decentralized Yield-Bearing Stablecoin & 0-Liquidation Perp - Cyrille Brière

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