handle.fi
💱convert💹application💭discord
中文
中文
  • 👋介绍
  • 🛠️handle.fi 使用案例和好处
  • FOREX
    • 💱FOREX 代币经济学
    • 🗳️治理质押 (veFOREX)
      • obtain fxUSD/FOREX BPT & lock for veFOREX
    • 👜如何购买FOREX
  • Platform Functions
    • 💱handle流动性池 (hLP)
    • ⭐入门
    • 💹交易
      • 资产
      • 📔如何交易
    • 💵convert
      • 📘how to convert
    • 🏧borrow
      • 🏛️CDP vaults and collateral
      • ⚠️CDP liquidations
      • 🛡️fxKeeper
      • 💲repay
      • 📗how to borrow
    • 💰earn
      • 📚how to earn
    • 🌉bridge
    • 🌊liquidity pools
      • 🌙curve handle3pool
      • 🌙curve handleFRAXBP
      • 🌊FOREX pools
        • Balancer (80/20) FOREX/fxUSD (arb)
        • UniV3 FOREX/WETH (main)
      • 🌊fxToken - FX liquidity pools
    • 💰fees & collateral parameters
      • protocol fee distributions
    • 📖definitions
  • protocol rewards
    • 🔭overview
    • 🤝referral program
    • 👨‍💻quests
      • 🥧Protocol Incentive Experiments (PIEs)
        • PIE #1 - retweets
        • PIE #2 - memes
        • PIE #3 - bonus rewards
        • PIE #4 - content production
        • PIE #5 - referrer program
        • PIE #6 - troop participation program
        • PIE #7_b - convert & win
    • 🖼️NFT series: t0-Troopers
    • 🪙founding trooper - FOREX coin
    • 🎡the FOREX flywheel
    • 🎁trader rewards
  • protocol SPECS
    • 📜contracts
    • 🔐protocol audit - Peckshield
    • 👁️oracles
    • 📊subgraph
  • How to guides
    • 🔩adjusting settings
    • 👨‍🎓how to open an account
    • 🌉bridge
    • 🏠dashboard
  • Socials
  • website
  • twitter
  • discord
  • github
  • substack
  • youtube
  • MARKETING
    • branding, assets, images & memes
  • $FOREX data
    • CoinGecko
    • CoinMarketCap
    • Arbiscan
    • Etherscan
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  1. Platform Functions
  2. borrow

CDP vaults and collateral

vaults and acceptable assets to secure the minting of fxTokens

PreviousborrowNextCDP liquidations

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a collateralised debt position (CDP) vault is a smart contract that allows users to deposit collateral in exchange for fxTokens, a decentralized multicurrency stablecoin. the collateral can be any asset that is approved by handle.fi, currently only allows for ETH but will have a wider range in the future.

borrowing fxTokens against your CDP allows you to maintain the upside potential of your ETH while having liquidity in the form of a decentralised stablecoin. with the fxToken you have an ERC-20 token which can be used throughout handle.fi to trade, convert, earn or even hold as a currency hedge.

fxTokens are backed by user deposited collateral in a vault.

the amount of fxTokens you can borrow is limited by the amount of collateral you have deposited. handle.fi uses a liquidation ratio to determine how much collateral you need to maintain in order to avoid . if the value of your collateral falls below the liquidation ratio, your CDP will be liquidated and you will lose your collateral.

users can have multiple vaults but each vault can only issue one fxToken currency e.g. fxAUD, fxJPY, fxCNY

the dashboard provides a summary of all your vault positions and provides an overview of all the key metrics to monitor:

  • current: is the amount of the fxToken borrowed against the vault.

  • limit: is the maximum which you can take out of that fxToken to keep your c-Ratio at the minimum required amount.

  • available: how much more of the fxToken you can borrow before you reach your limit. it is calculated by: 'available' = 'limit' - 'current'

  • current CR: what is your c-Ratio at these prices. collateral ratio or c-Ratio is a measure of the amount of collateral that is required to borrow a certain amount of money.

  • util.: percentage of total available debt you have taken out. it is calculated by: 'util.' = 'current'/ 'limit'.

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liquidation