🛠️ use cases & benefits

use cases include:
  • settle trades in your local currency, removing foreign currency risks.
  • borrow against your crypto assets in your local currency, reducing conversion fees and foreign currency risks.
  • leverage in your local currency removing foreign currency risks.
  • invest and farm in your local currency removing foreign currency risks.
  • convert between multi currency stablecoins efficiently.
  • earn rewards for liquidity provision in trading and keeper pools in your local currency.
  • earn arbitrage profit from 1:1 redemptions.
  • with introduction of L2 and leveraged products, hedge or speculate on foreign exchange movements.
key benefits of protocol include:
  • multi-collateral vaults;
    • capital efficiency.
    • decreased liquidation probabilities.
    • make use of more of your assets.
  • 1:1 redemption facility helps ensure fxTokens maintain their peg value.
  • protocol fxKeeper pools ensure efficient liquidations to maintain system collateralisation.
  • partial vault liquidations ensure users don't forfeit more collateral than is required to maintain their debt positions.
  • protocol controlled value generates additional returns on your staked collateral.