How f(x) Protocol is Building a Novel DeFi Primitive w/ Aladdin DAO - Flywheel #73
Flywheel DeFi by DeFi Dave, kapital_k
Episode notes
In today's deep dive, we chat with Crouger and Kmets from Aladdin DAOπ§ββοΈ. Get ready as we explore the innovative primitive they're crafting with f(x) Protocol π οΈ!πDeFi Primitives: The foundation stones of our crypto universe. Discover why Uniswap and Compound's simple ideas are groundbreaking in our latest article.πDive into the basics: Get familiar with f(x) Protocol's new offering that divides LSD ETH into fETH & xETH. Think of fETH as the calm amidst ETH's storm, while xETH magnifies its price shifts! πππ« Kmets simplifies it for us: fETH is the precious chocolate core of an M&M, while xETH is the protective shell.π No Liquidation & No Funding Costs? Yep! xETH offers that and more. Learn how it relates to the TVL size of fETH and what happens when collateral issues arise. π«πβ οΈ What if xETH crashes to 0? We discuss the potentΒ ...Β
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