Inactive
feth f(x) Protocol Fractional ETH
$ 1.038
0.03% (24h)
0.00001665 BTC
1.72% (24h)
1,665 satoshies
Market Cap
-
24 Hour Trading Vol
297.9426 $
Circulating Supply
-
Total Supply
-
Max Supply
-
Fully Diluted Valuation
-
Coin Information
This coin is no longer being updated and is inactive. Its information may be updated in the future, but it is not currently active.
Last updated 18 October, 2024
Info
Contract
0x53805a76e1f5ebbfe7115f16f9c87c2f7e63
3726
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f(x) Protocol Fractional ETH Price Statistics
1.038 $
1.02 $ / 1.023 $
297.9426 $
#30129
1.2 $
-13.5%
18 January, 2024, (2 years ago)
0.8863 $
17.05%
19 February, 2024, (2 years ago)
About Coin
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?
fETH can be used like a stablecoin. It’s decentralized (backed only by stETH) so it avoids exposure to the shenanigans of central banks or other IRL entities. fETH isn’t exactly a stablecoin, because it gains and loses a small amount of value as ETH rises and falls. Those price movements are fixed at 10% of the size of ETH’s. In this way, it’s anchored to the Ethereum economy, rather than the US one. If you think that USD will devalue over time compared to ETH, you might like to hold it instead of USD stablecoins.
What is the highest value f(x) Protocol Fractional ETH (FETH) has ever reached?
f(x) Protocol Fractional ETH (FETH) reached its peak price at 1.2 $ on 18 January 2024, approximately 2 years ago ago. Presently, the current price is -13.49% lower than this all-time high.
What is the historical minimum price for f(x) Protocol Fractional ETH (FETH)?
The minimum price reached for f(x) Protocol Fractional ETH (FETH) was 0.8863 $, documented on 19 February 2024, more than 2 years ago. In comparison, the current price is 17.1%, it above this historical low.
How to add f(x) Protocol Fractional ETH (FETH) to MetaMask?
By integrating f(x) Protocol Fractional ETH (FETH) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import FETH as a token. You can either manually import FETH by copying its contract address (0x53805a76e1f5ebbfe7115f16f9c87c2f7e633726) or use MetaMask's Chrome extension to add FETH with a single click through P.CASH.
How to add f(x) Protocol Fractional ETH (FETH) to TrustWallet?
Incorporating f(x) Protocol Fractional ETH (FETH) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include FETH, you can either manually import it using the contract address (0x53805a76e1f5ebbfe7115f16f9c87c2f7e633726) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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