# introduction the global defi FX protocol **handle.fi is a decentralised trading & multi currency stablecoin protocol.** the handle protocol allows users to leverage [trade](/the-platform/trade) & [convert](https://docs.handle.fi/the-platform/key-functions/convert) crypto and FX plus [borrow ](/the-platform/mint)and [earn ](/the-platform/stake)from multi-currency stablecoins; called fxTokens. \ \ stablecoins are digital currencies that aims to maintain market value by pegging their price to an external asset class. fxTokens are collateral backed stablecoins representing, and soft pegged to, a range of currencies. on average, **$7.5 trillion trades every day (1) in the worldwide foreign exchange market, with 2022 volumes in the vicinity of $2.74 quadrillion💱.** the USD is the global reserve asset and as the world of DeFi has grown, there has been a proliferation of USD backed stablecoins, trading volumes in excess of $30Bn per day.\ \ DeFi users don't want to be limited by a protocol as a result of the stablecoin currency being offered. having multicurrency fxTokens allows you to **hedge, settle, speculate, transfer and borrow** in the currency of choice. {% hint style="info" %} handle.fi is non-custodial which means you keep control over your assets. this removes the need for a third party intermediary to handle your funds. {% endhint %} currently available fxTokens: * Australian Dollar ([fxAUD](https://arbiscan.io/token/0x7E141940932E3D13bfa54B224cb4a16510519308)) * British Pound ([fxGBP](https://arbiscan.io/address/0x1AE27D9068DaDf10f611367332D162d184ed3414)) * Canadian Dollar ([fxCAD](https://arbiscan.io/address/0x398B09b68AEC6C58e28aDe6147dAC2EcC6789737)) * Chinese Renminbi ([fxCNY](https://etherscan.io/address/0x2c29daace6aa05e3b65743efd61f8a2c448302a3)) * Euro ([fxEUR](https://arbiscan.io/token/0x116172B2482c5dC3E6f445C16Ac13367aC3FCd35)) * Japanese Yen ([fxJPY](https://arbiscan.io/tx/0xf85293b3ab25aeaadf1bd070eb7e25c4267eb6987674b060936a1ccc405be06c)) * Phillipine Peso ([fxPHP](https://arbiscan.io/token/0x3d147cD9aC957B2a5F968dE9d1c6B9d0872286a0)) * Singapore Dollar ([fxSGD](https://arbiscan.io/address/0x55a90F0eB223f3B2C0C0759F375734C48220decB)) * Swiss Franc ([fxCHF](https://etherscan.io/address/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e)) * US Dollar ([fxUSD](https://arbiscan.io/token/0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F)) [(1)](https://www.bis.org/statistics/rpfx19_fx.htm) [(2) https://www.coingecko.com/en/stablecoins](https://www.coingecko.com/en/stablecoins) # handle.fi use cases & benefits use cases include: * **settle** trades in your local currency, removing foreign currency risks. * [**borrow**](/the-platform/mint/mint) 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**](https://docs.handle.fi/the-platform/convert) between multi currency stablecoins efficiently. * [**earn rewards**](https://docs.handle.fi/the-platform/stake) for liquidity provision in **trading** and [keeper pools](/the-platform/mint/keeper-pools) in your local currency. * earn arbitrage profit from [**1:1 redemptions**](https://docs.handle.fi/the-platform/redeem)**.** * with introduction of L2 and leveraged products, **hedge** or **speculate** on foreign exchange movements. key **benefits of handle.fi protocol** include: * multi-collateral vaults; * capital efficiency. * decreased liquidation probabilities. * make use of more of your assets. * 1:1 [**redemption facility**](https://docs.handle.fi/the-platform/redeem) helps ensure fxTokens maintain their peg value. * protocol [**fxKeeper pools**](/the-platform/mint/keeper-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. # FOREX tokenomics the token of the handle.fi protocol $FOREX is the token of the handle protocol. it will be distributed as a reward for protocol accretive actions by participants and will allow holders to contribute to platform governance. in order to be an active participant in handle.fi governance you must acquire [**veFOREX**](https://docs.handle.fi/tokens-and-governance/governance-staking-veforex) first. holders of [veFOREX](https://docs.handle.fi/tokens-and-governance/governance-staking-veforex) can participate in protocol governance, receive up to 2.5x boosted rewards across a range of protocol accretive actions, and receive a share of protocol earnings for their $FOREX liquidity provision. ### [**token supply**](#user-content-fn-1)[^1] a total 420,000,000 FOREX will be minted across an initial 182 week period; followed by a 2.1% annual terminal inflation rate. ### **token issuance allocations and vesting schedule\*** * 22.0% team and advisors ([**vesting complete**](broken://pages/-Mjbc2RiAW589ff9gGrb)) * 10% vest at 3 months post TGE. * Balance equal across 18 months * 26.9% strategic partners. ([**vesting complete**](broken://pages/-Mjbc2RiAW589ff9gGrb)) * 25% vest at TGE * Balance equal across 12 months * 5.0% community TGE (no vesting). * 41.1% protocol rewards; * vault collateral stakers. * fxToken minters. * fxToken liquidity and fxKeeper pool stakers. * governance pool stakers. * 5% handle DAO & community rewards. (premint) \*rounded to the nearest 0.1%, indicative only and final % may vary. ![FOREX token distribution](/files/-MhI27L-CQf-MiGbA2Z1) more details on vesting can be viewed [**here**](https://docs.google.com/spreadsheets/d/1ORWZjmikO3gFen0be3uUKmrQUz5SEq3hwEubKMRf87Y/edit?usp=sharing) [^1]: # governance staking (veFOREX) users can lock FOREX/fxUSD (80/20) Balancer Pool Token (BPT) into the[ handle governance pool](https://app.handle.fi/earn) to receive **veFOREX** - 'vote escrowed FOREX'. holders of **veFOREX, provide valuable 'locked' liquidity to the protocol,** are in return are rewarded by being able to; **(i)** participate in **protocol governance,** **(ii)** up to 2.5x **boosted rewards & superior APRs** across a whole range of protocol actions - providing liquidity, trading & converting or referring new users. **(iii)** receive a share of any protocol fees **distributed to the governance pool,** and {% hint style="info" %} the longer the holder locks their [FOREX/fxUSD (80/20) BPT](https://app.balancer.fi/#/arbitrum/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097), the more veFOREX they will receive and the larger their voting power and boosted rewards.
the minimum locking time **one week** epochs and the **maximum, one year.** 1 BPT locked for the maximum duration is equivalent to 1 veFOREX. a users veFOREX weight decreases linearly as the escrowed tokens approach their lock expiry. {% endhint %} *\*\*for instructions on how to add balancer liquidity and lock for veFOREX -* [***click here***](/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex)*\*\** ***the following is a breakdown of reward categories and where veFOREX boosts apply*** | category | veFOREX boost | | ----------------------------- | ------------- | | governance pool - FOREX/fxUSD | YES | | hLP depositors | YES | | fxKeeper pools | YES | | curve fxUSD - handle 3pool | YES\* | | curve fxEUR | YES\* | | trade & convert rebate % | YES\* | | referral % | YES\* | *\*implementation in progress*
*\*\*this tokenomic system draws from the innovative and foundational work implemented by curve.fi. we thank them for their inspiration and contribution to both defi and protocol tokenomics.* #### # obtain fxUSD/FOREX BPT & lock for veFOREX ### step 1. obtain Balancer fxUSD/FOREX (20/80) BPT FOREX holders deposit their FOREX + fxUSD into Balancer [fxUSD/FOREX (20/80)](https://app.balancer.fi/#/arbitrum/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) liquidity pool, providing protocol liquidity, and in return will receive a Balancer Pool Token (BPT)
**(a)** go to the [balancer pool page here](https://app.balancer.fi/#/arbitrum/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) and select "Add Liquidity"
**(b)** enter the amount of liquidity you want to add \ \ **(be sure to click "proportional suggestion" to ensure assets are added in the correct ratio - to minimise any price impact)**
### **step 2.** lock your BPT for veFOREX **once liquidity has successfully been added to the Balancer Pool..**\ \ **(a)** go to [**https://app.handle.fi/earn** ]()and lock your fxUSD/FOREX (20/80) BPT for your selected time (min 1 week - max 1 year)
{% hint style="success" %} thats it!! - you're now holding [veFOREX](/high-priority/governance-staking-veforex) and will be able to; * receive protocol fee dists. (across trade, swap and borrow) * participate in governance * receive up to 2.5x boosted rewards on; * hLP liquidity * fxKeeper liquidity * trade and referral rebates {% endhint %} # how to buy FOREX instructions to buy FOREX with ETH in the handle.fi app ## where can I buy FOREX ? you can buy FOREX through [**app.handle.fi/convert** ](https://app.handle.fi/convert) on Arbitrum you can also purchase using fxUSD on Arbitrum at [**balancer**](https://arbitrum.balancer.fi/#/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) and with USDT on Gate.io\ \ FOREX is also available on mainnet Ethereum At Uniswap and [**app.handle.fi/convert**](https://app.handle.fi/convert) but beware that **liquidity is limited** so it may lead to increased slippage. more detailed information about the liquidity pools with links are [here](https://docs.handle.fi/high-priority/forex-pools). {% hint style="danger" %} **be careful of scammers** - always check the token address is correct if trading through a DEX. The correct address is [**0xdb298285fe4c5410b05390ca80e8fbe9de1f259b**](https://etherscan.io/token/0xdb298285fe4c5410b05390ca80e8fbe9de1f259b) {% endhint %} ### using handle.fi [convert](https://docs.handle.fi/the-platform/key-functions/convert) 🦍 1. go to the convert page in the app **(**[**app.handle.fi/convert**](https://app.handle.fi/convert)) 2. connect your wallet - **ENSURE you are connected to ARBITRUM** 3. select the amount of **fxUSD** you wish to convert to **FOREX** 4. select **review** 5. if happy with the trade details - select **convert** 6. **sign the transaction** in your wallet 7. once successful you will see a message toast (with an **arbiscan** link) confirming this. \*don't forget to add FOREX token to your wallet to see your balance. This can be found as a dropdown from the FOREX balance tab. ![](/files/Y3kNKwVbQiFzCA2TpO6X)
**FOREX contract:** [**0xdb298285fe4c5410b05390ca80e8fbe9de1f259b**](https://etherscan.io/token/0xdb298285fe4c5410b05390ca80e8fbe9de1f259b) # getting started as a decentralized exchange handle.fi requires you to connect your wallet before you can take advantage of it's features. ### adding a wallet if you do not have a wallet you can easily add by downloading metamask (), using google sign on or through your email address. you can follow our how to guide [**here**](https://app.gitbook.com/o/-MiswpCSPU5ZH4S1SDDG/s/-MUR8MivZ356lgVw_jq_-887967055/~/changes/1501/how-to-guides/how-to-open-an-account).
### funding on Arbitrum Arbitrum is an Ethereum layer-two (L2) scaling solution that uses optimistic rollups to improve speed, scalability and cost-efficiency on Ethereum. it inherits the security and compatibility of Ethereum, but offers higher throughput and lower fees by moving most of the computation and storage off-chain. handle.fi is built on Arbitrum in order to bring these features to our traders. this means that you need to have assets on the Arbitrum network in order to trade. Arbitrum uses ETH as the native currency to pay for transactions, including to manage trades on handle.fi to move your assets to Arbitrum, you have several options. the official way is to use the Arbitrum bridge, which takes around 10 minutes. you can also use a third party bridge that connects other chains to Arbitrum. however, be careful with any bridge - always check the link from the official source before using it. some of the third party bridges are: * Synapse: [https://synapseprotocol.com/](https://synapseprotocol.com/?inputCurrency=USDC\&outputCurrency=USDC\&outputChain=42161) * Hop: most centralized exchanges now support Arbitrum withdrawals so that is another option to receive coins. ### overview of key functions 💹 [**trade**](/the-platform/trade)**:** up to 100x leverage trade defi FX perps & 50x leverage trade BTC & ETH 💱 [**convert**](/the-platform/convert)**:** optimised stablecoin routing for spot FX and $FOREX swaps **🏛** [**borrow**: ](/the-platform/mint)mint a range of multi-currency stablecoins (fxTokens) using ETH collateral **💲** [**earn**](/the-platform/mint): earn #realyield and rewards by staking and depositing FOREX and fxTokens :bridge\_at\_night: [**bridge**](/high-priority/how-to-buy-usdforex): move tokens across from Arbitrum to Ethereum and back # trade trade leveraged derivatives on FX, cryptocurrency & more synthetic assets leverage trading is a way of trading different asset classes with borrowed funds for increased buying power. in leverage trading, traders use borrowed funds to buy assets like stocks on margin. leverage trading can only be successful if the return on an investment is higher than the cost to borrow money. when you trade with leverage on [handle.fi](https://app.handle.fi/trade), you are essentially borrowing funds from hLP to open larger positions than you would be able to with your own capital. the amount of leverage you can use depends on the asset you are trading. the more leverage you use, the less margin you have to put down as collateral. {% hint style="info" %} for a complete tutorial on how to place a trade see this [guide](https://docs.handle.fi/the-platform/key-functions/trade/making-a-trade) {% endhint %} ### perpetual futures perpetual futures are futures contracts with no expiration or settlement. perpetual futures are a type of derivative widely used in crypto trading. they allow traders to buy and sell crypto without having to constantly roll over expiring contracts. they can also be used as short-term trading vehicles for leveraged trading to go long or short. going long means buying an asset with the expectation that its price will rise, while going short means selling an asset with the expectation that its price will fall. {% hint style="info" %} to view trading data and analytics visit {% endhint %} # assets all assets traded on handle.fi are synthetic pairs ### pricing oracles provide support for decentralized perpetual exchanges by providing them with access to real-world data. this data is used to calculate the prices of the underlying assets that are traded on the exchanges. without oracles, handle.fi would not be able to provide accurate prices, which would make them unreliable and unusable. for trading, handle.fi uses our own high speed oracles. H2SO (handle high speed oracles) system allows the end user to update the price directly on an oracle aggregator contract by submitting a trusted signature along with the quoted price. by using H2SO dynamic pricing we are able to remove slippage common in DEXs with zero price impact trades. ### cryptocurrencies handle.fi currently has enabled trading on 2 cryptocurrency pairs at leverage up to 50x. The pairs offered are: * *BTC/USD* * *ETH/USD* cryptocurrency markets remain open 24/7 so that you can trade whenever you want. through a partnership with GMX we have been able to integrate the GLP liquidity into handle.fi. until our v2 synthetic perps are built out, all trading is routed through the GMX pool. the benefit to handle.fi users is deeper liquidity and a 10% discount on cryptocurrency trading. for more information on GMX: ### forex handle.fi currently has enabled trading on 8 forex pairs at leverage up to 100x. The pairs offered are: * *AUD/USD* * *EUR/USD* * *GBP/USD* * *USD/CAD* * *USD/CHF* * *USD/CNY* * *USD/JPY* * *USD/SGD* forex markets trades 24/5 with it opening at 5pm ET (New York time) on Sunday and closing at 5pm ET (New York time) on Friday. # how to trade this tutorial will walk you through how to open a trade on handle.fi while providing you with an understanding of the features. if you haven't already **connected** your wallet to handle.fi use this [guide](broken://pages/6DQJU9EDe9yZVinteble). ### trading desk
### video tutorial {% embed url="" %} set up a SHORT fxAUD/ USD trade {% endembed %} ### opening a trade 1. once you've decided which **market** you want to open a leveraged position in select it from the dropdown on the order desk.
2. now that you've selected your market you must decide which **direction** you want to trade: **long (buy) or short (sell)**. | Direction | Asset Price goes up | Asset Price goes down | | --------- | ------------------- | --------------------- | | Long | Profit | Loss | | Short | Loss | Profit | 3. after completing that you now have to set your parameters for the trade: 1. **position size:** refers to the number of contracts that you are trading. it is important to determine your position size before you start trading because it will affect your risk and reward. **note**: the liquidity in the top right is the maximum amount of iquidity available. 2. **leverage:** is the use of borrowed funds to increase the size of a trade which multiplies the volatility. 3. **collateral:** the total risk you are taking on in the case your position is liquidated. your collateral is = position size / leverage and is automatically calculated. \ \ example: if you choose to take a $10,000 position with 20x leverage then you would be required to put up $500 collateral.\ \ when you put up collateral you can choose from a range of assets which you can select from the dropdown list. 4. before placing the trade make sure to understand all the details surrounding your trade:
1. **entry price:** is the current price of the asset at that time. 2. **mark price:** is the current estimated fair value of a perpetual futures contract. this can differ from the entry price for a number of reasons such as the market volatility or borrow rate. 3. **liquidation price:** this is the price where your collateral amount would be nearly equal to your trade losses. your trade is closed whenever you collateral - losses - borrow fee is less than 1% of your position size. after deducting losses and fees any remaining collateral will be returned to your account. for more info on liquidation parameters see [here](https://docs.handle.fi/the-platform/fees). 4. **fees:** the cost to open the trade and is quoted in USD. more details on exact fees can be found [here](/the-platform/fees). 5. **borrow rate:** the fee charged by the protocol for lending the underlying asset to leveraged traders. the rate is based on the token [utilisation rate](/the-platform/definitions) and is paid to the counterparty (hLP). the borrow rate is changing constantly as a result of traders stepping in and out of the market. keep in mind this fee is charged every hour so be aware of the current rate. 6. upon proceeding with pressing buy/ sell @ market you will reach a confirmation pop up. after confirming your trade details are correct confirm the transaction and your trade will be placed.
### managing a trade after opening a trade, the positions tab will display your trade and provide some options on how you can manage your trade from here.
* ![](/files/LMIK70J7lOL3S4YCOfGk) **share your trade:** handle.fi allow you to share your trade on social media by selecting this option. it will create an image highlighting your achievements:
* ![](/files/EUVxGDQVzxGrUpukXMew)**edit position:** this will allow you to adjust the parameters of your trade by adjusting the position leverage. your leverage is adjusted by either depositing or withdrawing more collateral. depositing more collateral decreases the leverage on your position while withdrawing more collateral increases the leverage on your position. the window will display the details of a suggested leverage change and the effects it has on collateral and your liquidation price.
* ![](/files/KHag0XzRLwyBIfcMo3eM)**close position:** you can fully or partially close a trade by selecting the close option. there are a few selections to be made after making the decision to close:
1. **close amount**: if you would like to close the entire trade then select max in order to complete this. if you prefer a partial close then enter the amount you wish to close. 2. **leverage box:** if you are making a partial close then there is an option to maintain your existing leverage ratio. by checking this option you are closing your position as well as withdrawing the corresponding amount of collateral. 3. **receive token**: you have the unique ability to receive your tokens in any one of the supported currencies. full list can be found [here](broken://spaces/7fqKzkR79lpyKfQjZdJU). # convert exchange between multicurrency stablecoins {% hint style="success" %} try [**convert**](https://app.handle.fi/convert) now to easily purchase **$FOREX** tokens {% endhint %} handle convert allows users to easily and rapidly trade between our multicurrency stablecoins (fxTokens). **convert also supports a wide range of other tokens, including our protocol token $FOREX.**\ \ users can convert tokens on both [Arbitrum](https://arbitrum.io/) and [Ethereum](https://ethereum.org/en/), via desktop or our mobile application. if there is a token you are looking for enter the address or symbol in the search bar. \ \ **on desktop**
**on mobile**
# how to convert This tutorial will walk you through how to convert assets on handle.fi while providing you with an understanding of the features. if you haven't already **connected** your wallet to handle.fi use this [guide](broken://pages/6DQJU9EDe9yZVinteble). ### convert desk

convert portal

### video tutorial {% embed url="" %} convert fxUSD into fxAUD {% endembed %} ### convert an asset 1. select which asset you wish to convert from. the dropdown menu will include all the tradable assets in your wallet and include balance details. through the search box you are able to view or get pricing on any asset listed on arbitrum by entering the token address, symbol or name.
2. after choosing which asset to convert out of then you need to select which asset to convert into. in a similar way you can choose any asset listed on arbitrum to convert into. 3. once you've selected the conversion you wish to make then you need to get a quote on the amount you decide to swap. on display will be the amount you are expected to receive from the trade. the asset to asset rate is also viewable as well as the $USD value difference between the two amounts. this figure is derived from [coingecko ](https://www.coingecko.com/)prices so it's accuracy is at the discretion of their price feeds.
4. final step is to hit review and confirm all the transaction details. from there then you need to select convert on the pop up, sign the transaction in your wallet and then you should see a confirmed transaction.
# borrow mint fxTokens using ETH and more.. participants which use handle.fi borrow mechanism can mint a range of **fxTokens** through the use of an over collateralised debt position. the individual collateralized debt positions are called vaults. users lock up collateral to an [fxToken vault](https://docs.handle.fi/the-platform/vaults) and may issue a range of handle.fi's **fxToken** stablecoins to their address. initially accepted collateral will be ETH however over time additional collateral will be added; including a range of ERC20 tokens and later, the platform's own $FOREX token. {% hint style="info" %} collateral ratio or c-Ratio is a measure of the amount of collateral that is required to borrow a certain amount of money. it is calculated by dividing the total amount of collateral by the total amount of outstanding loans. {% endhint %} **initial proposed fxTokens that can be minted are:** * fxUSD - United States Dollar. * fxAUD - Australian Dollar. * fxCNY - Renminbi. * fxEUR - Eurodollar. * FxJPY - Japanese Yen. * fxKRW - Korean Won. * fxCHF - Swiss Franc. * fxSGD - Singapore Dollar. **a protocol fee of 0.0% is charged to mint fxTokens.**
there are some important metrics to be aware of when electing to open up a vault. they are: * **minimum collateral ratio (c-Ratio/ CR):** in order to ensure each fxToken of debt is appropriately backed the amount of debt issued needs to be managed relative to the collateral posted. the **minimum c-ratio in order to mint fxTokens is 200%.** more information about min c-ratio and how liquidations work can be found [here](https://docs.handle.fi/the-platform/liquidations). * **interest rate:** the rate is currently set at 0.40% for all fxTokens. the rate is variable and determined by the DAO. * **liquidation fee:** when a c-Ratio falls below the [liquidation](https://docs.handle.fi/the-platform/liquidations) threshold then a fee is charged out of the vault issuer's collateral. the fee is currently 10% and is determined by the DAO with 50% going to fxKeeper pool & 50% to the protocol. [rewards ](https://docs.handle.fi/rewards/rewards)will accrue to fxToken minters, but only for users that maintain a c-Ratio greater than their vault's required minimum c-Ratio. {% hint style="info" %} for a complete tutorial on how to make a loan see this [guide](https://docs.handle.fi/how-to-guides/use-key-functions/mint) {% endhint %} # CDP vaults and collateral vaults and acceptable assets to secure the minting of fxTokens 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 [liquidation](https://docs.handle.fi/the-platform/liquidations). 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'.

# CDP liquidations vault liquidation to ensure maintenance of system c-Ratios as a collateral backed debt issuance platform, it is important that vault and system collateral is maintained at appropriate levels to back any fxToken debt; ensuring each remains representative of their underlying currencies face value.\ \ the core principles, underpinning the protocol liquidation process are; * if the collateral value, or c-Ratio, of a vault falls below its **minimum c-Ratio**, that vault is deemed to be 'at risk' or "underwater'. In this state it can be subject to a 1:1 redemption call on its collateral by fxToken holders. * this mechanism ensures that in the case an fxToken trades at a discount to its face value, an arbitrage opportunity exists, thus creating an incentive to drive it back to parity. {% hint style="info" %} \*only collateral from vaults that have a current c-Ratio < min c-Ratio can be redeemed against. redemption contraction can be accessed through [arbiscan](https://arbiscan.io/address/0xb67f86850d3ee15f3e844d5e987da5712cb589d3). {% endhint %} * if a vault's c-Ratio falls below its **liquidation trigger** it will automatically be subject to a **liquidation process** to repay excessive debt and bring the collateral ratios back to acceptable limits. * handle.fi makes use of its [fxKeeper pools](https://docs.handle.fi/liquidations/keeper-pools) to ensure that liquidation is promptly triggered and executed. {% hint style="info" %} vaults are liquidated when the **c-Ratio falls below 160%** {% endhint %} ### the liquidation process 1. when a vault falls below it's c-Ratio liquidation trigger, liquidation begins. 2. sufficient vault collateral is sold (largest position to smallest holdings) to repay enough fxToken debt and return the c-Ratio to its required minimum plus a 10% buffer. 3. a [liquidation fee](https://docs.handle.fi/fees) is the charged to the vault being liquidated. this fee is disbursed to protocol and the relevant fxKeeper pool that funded the liquidation.\ \ \*any accrued $FOREX rewards for that vault are forfeited; transferred to the fxKeeper pool and protocol.
# fxKeeper fxToken liquidity pools for rapid vault liquidations
establishment of protocol controlled **'**[**fxKeeper**](https://app.handle.fi/earn)**'** pools allows for the rapid execution of [**CDP vault liquidations**](https://docs.handle.fi/liquidations) in the instance they become under collateralised and breach their [liquidation trigger](https://docs.handle.fi/definitions). \ \ fxKeeper pools contain fxToken assets staked by ecosystem participants.\ \ staked fxTokens are used for the purchase of liquidated vault collateral, and repayment of that vault's fxToken debt.\ \ fxKeeper pool stakers receive a share of any vault liquidation profits in **ETH**, as well as [**FOREX**](https://docs.handle.fi/tokens-and-governance/forex-tokens) rewards, which can be boosted based upon a users veFOREX balance. \*a[ **liquidation fee**](https://docs.handle.fi/fees) is charged on the vault that is called for redemption. > to start earning returns from protocol CDP liquidations [**click here**](https://app.handle.fi/earn) ### fxKeeper reward ecosystem staking is single sided, so there no risk of [impermanent loss](https://docs.handle.fi/the-platform/definitions), and depositors receive both a share of liquidation profits and FOREX rewards.\ \ a step by step approach to providing **fxKeeper** pool liquidity and earn $FOREX rewards:
# repay repay fxTokens to release staked collateral participants can unlock all or a portion of their vault collateral by repaying fxToken debt.
this is done by burning fxTokens when you repay the debt in your [vault](https://app.handle.fi/vaults/multi/fxAUD/0x9A1B8688137dDbC67c3Be27BBD52f648Bc88B28c). after repaying your debt you will be able to withdraw your collateral. at all times debt must be above 100 so if you wish to do a partial repayment keep in mind there will be an error if the remaining debt is less then 100. \*a protocol fee of 0.0% is charged to burn fxTokens, withdrawn from a users vault collateral upon each burn. # how to borrow borrow in multi-currency stablecoins by minting fxTokens the purpose of this guide is to provide a tutorial on how to deposit collateral into a vault and then mint fxTokens against it. fxTokens can be used throughout **handle.fi** to hedge, speculate or make payments. ### borrow dashboard
the dashboard displays a number of useful metrics that you can use to your advantage: * **collateral ratio** or **c-Ratio** or **CR**: is a measure of the amount of collateral that is required to borrow a certain amount of money. it is calculated by dividing the total amount of collateral by the total amount of outstanding loans. the **minimum c-ratio in order to mint fxTokens is 200%.** * **interest rate:** the rate is currently set at 0.40% for all fxTokens. the rate is variable and determined by the DAO. * **debt**: the amount of the outstanding loan in your denominated fxToken currency. * **collateral value**: the amount of collateral you have posted to your vault in terms of your denominated fxToken currency. * **liquidation price**: the price at which your c-ratio falls below 160% and will begin to be liquidated. * **deposits:** this will display all the necessary information about the assets which you have deposited into your vault such as asset type, amount and value. {% hint style="warning" %} make sure you understand all the mechanics of opening up a [CDP](https://docs.handle.fi/the-platform/key-functions/mint/vaults) before undertaking the process. {% endhint %} ### video tutorial {% embed url="" %} borrow fxAUD against stETH {% endembed %} ### initiating a loan 1. select which asset you wish fxToken you wish to take out as a loan. the dropdown menu will include all the borrowable currencies available. 2. next step is to select **borrow** from your three options; borrow, [repay](https://docs.handle.fi/the-platform/key-functions/mint/burn) & withdraw. this will be the only possible selection if you don't currently have any open vaults. 3. then select the asset you wish to **deposit** into the vault to borrow against. we are currently adding more assets to accept for collateral in a vault. the current assets handle.fi accepts are: * ETH/ wETH * [wstETH](https://lido.fi/ethereum) 4. select the desired amount of fxToken you wish to borrow. you may enter the value manually or select the 'MAX' function in the box. the 'MAX' function will provide the maximum new fxTokens to mint based on your pre-existing collateral if your c-ratio > 200% OR the value of total collateral in your wallet at the minimum c-ratio of 200% (or whichever is higher if a user has already provided a value in the field prior to selecting MAX). 5. once an amount of fxToken is selected then your c-ratio will update and any additional collateral required to achieve the minimum c-ratio of 200% will displayed below. the price and value of the required collateral in the denomination of the fxToken will also be displayed. 6. you may increase the amount of collateral required to achieve a [c-ratio](https://docs.handle.fi/the-platform/key-functions/mint) > 200% if you want additional margin against unfavourable price movements in the underlying collateral. you may adjust your collateral in the 'amount' box or by sliding the 'CR%' bar (noting the minimum of 200%). 7. confirm all the details of your vault are correct and proceed by selecting the 'borrow' bar. # earn provide protocol liquidity and earn rewards fxToken and FOREX holders will be able to stake tokens across [**governance**](https://docs.handle.fi/tokens-and-governance/governance-staking-veforex), [**liquidity**](https://docs.handle.fi/the-platform/pool) and [**fxKeeper**](https://docs.handle.fi/the-platform/pool/keeper-pools)**;** [earning protocol fees and FOREX rewards](https://app.handle.fi/earn).
there are three different categories which you can utilise to earn rewards & fees. they play different roles in the handle.fi ecosystem and therefore their requirements differ: * [**governance**](https://docs.handle.fi/high-priority/governance-staking-veforex) - contribute to decisions about the future of handle.fi and be rewarded by receiving a share of trading fees. this is done by [acquiring veFOREX](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex). * [**liquidity**](https://docs.handle.fi/the-platform/pool) - in return for providing and locking up capital to one of our liquidity pools users will receive protocol fees and additional rewards specific to the pool they contribute to: * [**handle Liquidity Pool - hLP**](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp) * [**external Liquidity Pools**](https://docs.handle.fi/the-platform/pool) * [**fxKeeper**](https://docs.handle.fi/the-platform/mint/keeper-pools) - as compensation for the rapid execution of CDP vault liquidation [fxKeeper](https://docs.handle.fi/the-platform/mint/keeper-pools) pools receive a share of any vault liquidation profits in ETH, as well as FOREX rewards. # how to earn this guide will outline how to use the[ earn](https://docs.handle.fi/the-platform/stake) functions. earn allows you to get rewarded through protocol fee and additional tokens for participating in a required task. the focus of this tutorial will be how to obtain[ hLP](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp) and earn trading fees. ### earn dashboard
### video tutorial {% embed url="" %} ### how to earn 1. **navigate** to the [earn](https://docs.handle.fi/the-platform/stake) tab which can be found on the upper menu. 2. the three options which you have in the earn section are: * [**governance**](https://docs.handle.fi/high-priority/governance-staking-veforex) - contribute to decisions about the future of handle.fi and be rewarded by receiving a share of trading fees. this is done by [acquiring veFOREX](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex). * [**liquidity**](https://docs.handle.fi/the-platform/pool) - in return for providing and locking up capital to one of our liquidity pools users will receive protocol fees and additional rewards specific to the pool they contribute to: * [**handle Liquidity Pool - hLP**](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp) * [**external Liquidity Pools**](https://docs.handle.fi/the-platform/pool) * [**fxKeeper**](https://docs.handle.fi/the-platform/mint/keeper-pools) - as compensation for the rapid execution of CDP vault liquidation [fxKeeper](https://docs.handle.fi/the-platform/mint/keeper-pools) pools receive a share of any vault liquidation profits in ETH, as well as FOREX rewards. for this tutorial **select liquidity** as we are looking to acquire hLP. 3. **select handle Liquidity Pool - hLP** then **select deposit** which will direct you to a convert page where hLP is the destination of the transaction. On this screen you can also view what hLP is currently made up of and if you view the hLP breakdown then the utilisation & current/ target weights are provided. more on the mechanics of hLP are available [here](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp).
4. in the dropdown for the from section **select the token** you want to use to swap into hLP with. the dropdown list will automatically show the tokens which you have in your wallet but if you would like to view the price of any other token then you may search for it by entering the address or the symbol/ name. 5. **enter how many tokens** you wish to sell in the amount section or select max if you wish to convert your entire holding. 6. once your price has been processed select review then **confirm the details** of your trade by selecting convert in the pop up. you should now be the holder of hLP and will start earning a share of protocol fees. {% hint style="info" %} once you acquire hLP it is automatically staked and earns protocol fees. you will be able to track your rewards on the liquidity page in earn. by selecting claim rewards you will be able to receive your share of the protocol fees in your wallet. {% endhint %} ### # bridge move tokens easily and rapidly across chains the handle multichain bridge, allows users to easily and rapidly move **FOREX** and **fxTokens** across Ethereum and Arbitrum.
for instructions on how to bridge tokens [click here](/how-to-guides/bridge) # liquidity pools provide fxToken liquidity to earn rewards holders of both $FOREX and fxTokens can earn protocol fees and additional[ rewards](https://docs.handle.fi/rewards/overview) by providing liquidity to a range of liquidity pools.
handle Liquidity Pool/pages/0LVyxL1Do36Ff2ijHp46/files/U4GjzvsV4WD2OWR07Ynm
fxKeeper Pools/pages/-MWHfCTHn_7Hf0nXo55C/files/GjLe2efgmXMN4W8PT6qe
curve handle3pool/pages/UAUXIbhv17YSpONnxpR4/files/iYLbrKzQztKHTzDaooLx
curve handleFRAXBPhttps://docs.handle.fi/the-platform/pool/curve-fraxbp/files/iYLbrKzQztKHTzDaooLx
# handle Liquidity Pool (hLP) the handle liquidity pool **(hLP)** comprises a basket of currency\* assets, that (i) provide the liquidity for protocol users to borrow for leveraged trades, \ (ii) acts as counterparty to all trades, absorbs any trader wins or losses, and \ (iii) provides liquidity for any cross asset spot FX swaps.\ \ liquidity capital providers to the **hLP** can deposit any **approved asset** into the pool and will receive **hLP** which is automatically staked in order to earn fees. fees to deposit into the **hLP** will vary dependent on the balance of assets in the index. the current fees can be found on the convert page when converting to hLP.\ \ **hLP** holders earn a share of trade and funding related fees, swap fees, and returns from any trader losses and liquidations additionally, based on a users [**veFOREX** ](/high-priority/governance-staking-veforex)balance, they may also receive boosted pool rewards and APYs all fees and rewards related to **hLP** are distributed in the protocol token FOREX #### current target weights

hLP target weights

approved assettarget weight
ETH5.0%
🇺🇸 fxUSD47.5%
🇪🇺 fxEUR27.0%
🇯🇵 fxJPY2.0%
🇬🇧 fxGBP 6.0%
🇨🇦 fxCAD4.0%
🇦🇺 fxAUD2.0%
🇨🇳 fxCNY2.0%
🇨🇭 fxCHF1.5%
🇸🇬 fxSGD1.0%
🇰🇷 fxKRW1.0%
🇵🇭 fxPHP1.0%
\ \*5% of the basket is currently ETH, which facilitates a whole range of range swaps and protocol related route optimisations. {% hint style="info" %} holders of hLP own a potentially high yielding, global currency near neutral FX exposure asset. (not withstanding pool specific risks)\ pool composition aims to create an asset such that a user is neither LONG nor SHORT USD, instead owning exposure to a basket of global currencies - approximating 50% USD and 50% the **US Dollar INDEX (**[**DXY**](https://en.wikipedia.org/wiki/U.S._Dollar_Index)**)** {% endhint %} #### how to view current & target composition and utilisation 1. go to [app.handle.fi/convert](https://app.handle.fi/convert) 2. select hLP as 'from' or 'to' token 3. select "hLP breakdown"
to find out how to add liquidity to hLP [**click here**](broken://pages/5rmHRZyN6bXN3KPWjaSk) # curve handle3pool users can provide liquidity to the [**curve.fi**](https://arbitrum.curve.fi/factory/12/deposit) **handle3pool** to earn a share of the pool trading fees PLUS by staking their LP tokens also earn FOREX rewards.\ \ the handle3Pool comprises assets: fxUSD + 2CRV (USDC + USDT)\ \ to start earning fees + rewards users should; 1. deposit selected assets to the handle3pool at \ \ users will receive the [curve LP token](https://arbiscan.io/token/0xd0dd5d76cf0fc06dabc48632735566dca241a35e) for depositing these assets\ \ \*at this point users will start earning LP fees.
2. **in order for users to earn bonus FOREX rewards:**
1. go to and select "liquidity" pools 2. deposit/stake their LP tokens
# curve handleFRAXBP users can provide liquidity to the [**curve.fi**](https://arbitrum.curve.fi/factory/12/deposit) **FRAXBP** to earn a share of the pool trading fees. it is currently the most liquid pool encompassing the majority of fees.\ \ the FRAXBP comprises assets: fxUSD + FRAX + USDC\ \ to start earning fees + rewards users should; 1. deposit selected assets to the handle3pool at \ \ users will receive the [curve LP token](https://arbiscan.io/address/0xab174ffa530c888649c44c4d21c849bbaabc723f) for depositing these assets\ \ \*at this point users will start earning LP fees.
# FOREX pools ### Arbitrum {% tabs %} {% tab title="Balancer" %} | **trading pair** | [FOREX/fxUSD (80/20)](https://arbitrum.balancer.fi/#/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) | | ---------------- | ----------------------------------------------------------------------------------------------------------------------------- | | **Pool** | | | {% endtab %} | | | {% endtabs %} | | ### Ethereum mainnet {% tabs %} {% tab title="Uniswap" %} | **trading pair** | ETH/FOREX **(limited liquidty)** | | ---------------- | ----------------------------------------------------------------------------- | | **Uniswap Pool** | | {% endtab %} {% endtabs %} {% hint style="danger" %} always check that you are trading with the FOREX contract\ \ [**0xdb298285fe4c5410b05390ca80e8fbe9de1f259b**](https://etherscan.io/token/0xdb298285fe4c5410b05390ca80e8fbe9de1f259b) {% endhint %} # fxToken - FX liquidity pools ### Arbitrum **ALL fxTokens** can be swapped with zero slippage\* at [**https://app.handle.fi/convert**](https://app.handle.fi/convert) utilising the [**handle Liquidity Pool - hLP\*\***](https://arbiscan.io/address/0x1785e8491e7e9d771b2a6e9e389c25265f06326a) or the following AMMs: * fxUSD via [**curve.fi - handle3pool (fxUSD-USDC-USDT)**](https://arbitrum.curve.fi/factory/12) * fxUSD via [**curve.fi - handleFRAXBP (fxUSD-FRAX-USDC)**](https://arbitrum.curve.fi/factory/75/deposit) * fxEUR via [**curve.fi - handleEUR (fxEUR-EURS)**](https://arbitrum.curve.fi/factory/7) [**\*\*handle Liquidity Pool - hLP** ](https://arbiscan.io/address/0x1785e8491e7e9d771b2a6e9e389c25265f06326a)**-** powering leveraged FX trades and spot fxToken swaps\ \*subject to available liquidity ### **mainnet (limited liquidity)** fxUSD via [**curve.fi - handleUSD (fxUSD-USDC-FRAX)**](https://curve.fi/factory/157) fxEUR via[ **curve.fi - handleEUR (fxEUR-EURS)**](https://curve.fi/factory/61)\
# fees & collateral parameters summary of fees charged by the handle.fi protocol ### Introduction when using any of the services which handle.fi offers it is important to be aware of all the possible, fees, spreads and liquidation parameters. 1. [CDP vaults & collateral](#cdp-vaults-and-collateral) 1. [CDP fees](#cdp-fees) 2. [collateral parameters](#collateral-parameters) 2. [trade](#trade) 1. [opening a trade ](#opening-a-trade) 2. [trade fees](#trade-fees) 3. [liquidation](#liquidation) 3. [convert fees](#convert-fees) ### CDP vaults & collateral opening up a vault in order to be extended credit incurs fees initially and on a continual basis. it is also important to keep in mind **what the min c-Ratio is in order to avoid liquidation**. see the [borrow ](https://docs.handle.fi/the-platform/key-functions/mint)section for more information. {% hint style="info" %} minimum amount of debt you may take out at anytime is 100. this applies when you want to [repay](https://docs.handle.fi/the-platform/mint/burn) part of your debt and have less then 100 remaining. {% endhint %} #### CDP fees | action | fee | description | | -------------------------- | ---------- | ----------------------------------------------------------------------------------------------------- | | **mint (borrow)** | nil | added to the minted value of fxTokens. | | **burn (repay)** | nil | charged from user vault collateral. | | **deposit (collateral)** | nil | charged from user vault collateral. | | **withdraw** | nil | charged from user vault collateral. | | **liq. fee** | variable % |

charged from liquidating users vault collateral.
\*50% to fxKeeper pools, 50% to protocol.

| | **fxToken** **redemption** | | charged from user vault collateral. | | **int. rate** | 0.40% | added to users fxToken debt. | #### **collateral parameters**
collateralmin. C-Ratioint. rateliq.feeliq. c-Ratio
ETH200%0.40%12.5%160%
stETH200%0.40%12.5%160%
### trade as is common in the industry, **fees on leveraged trading are calculated on the total value of the position size** (leverage x collateral). #### opening a trade
asset class min.leverage max. leveragemin. collateral (USD)min. position size (USD)
cryptocurrency1.1x50x$5$5.50
forex1.1x100x$5$5.50
#### trade fees | fee type | amount | | ---------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **position fee** |

ETH,BTC - 0.10%
FX - 0.00%

| | **spreads** |
  • ETH, BTC - 0%
  • fxAUD - 0.01%
  • fxEUR - 0.01%
  • fxGBP - 0.01%
  • fxCAD - 0.01%
  • fxCHF - 0.05%
  • fxCNY - 0.10%
  • fxJPY - 0.01%
  • fxSGD - 0.10%
| | **funding fee** | asset utilisation \* 0.01% / h | #### liquidation all positions which are placed on handle.fi will be liquidated if one of the liquidation triggers are reached. a position will go through the liquidation threshold if either the leverage of the position is above the max. leverage or below the min. collateral. be aware that your collateral is calculated continuously and is equal to your initial collateral less your losses and fees. | collateral | max. leverage | min. collateral | | ------------------ | ------------- | --------------- | | **cryptocurrency** | 100x | $5 | | **forex** | 110x | $5 | ### **convert fees** | asset pair | convert fee | | ----------------------------------------- | ----------- | | **fxToken -fxToken, ETH** | 0.00% | | **same currency stablecoin - fxToken** | 0.04% | | **multicurrency stablecoin(non fxToken)** | 0.10-0.30% | | **to any other ERC20** | 0.30% | {% hint style="warning" %} initially all fees and system parameters will be set by handle.fi DAO governance. \ \ a move to algorithmically controlled fee and parameter mechanisms is planned to be implemented in future protocol upgrades. {% endhint %} # protocol fee distributions protocol fees will be generated across interest and liquidation fees, trading fees, mint and burn costs and later our **protocol controlled treasury** program. fee revenues will accrue to the **protocol fee pool** and be used for; * on market purchases of FOREX tokens for further rewards distributions. * ongoing protocol and ecosystem development. * protocol stability programs. the **protocol fee pool** is controlled by the **handle DAO** # definitions **fxToken:** fungible instrument representing a debt denominated in the specific currency of that fxToken. **collateral:** any asset used to secure the minting of an fxToken. **minting:** creation of a representative fxToken and associated debt. **c-ratio =Collateral Ratio.** **=** total value of lodged **collateral** as a % of **fxToken** debt \= **collateral** value /**fxToken** loan amount\ \ \= 1/**LVR** **Loan to Value Ratio (LVR) = fxToken** loan as a % of **collateral value**\ \ \= **fxToken** loan/**collateral** value\ \ (also called ‘Mint Ratio’ MR)\ \ **burning:** destruction of **fxTokens** representing partial of full repayment of the collateralised loan\ \ **collateral metrics:** the risk metrics specific to collateral types. assigned to manage collateral specific lending risk and requirements **impermanent loss**: is a temporary loss of funds that can occur when providing liquidity to an automated market maker (AMM) platform. It is often explained as the difference between holding an asset versus providing liquidity in that asset.\ \ **vaults:** representation of locked collateral that **fxToken** loans are issued against. vaults contain 1 to n collateral types. **vault ratios:** a combination of the individual **collateral metrics** for assets deposited to a vault. \ \ **liquidation:** sale of part or all vault **collateral** to restore vault ratios to minimum acceptable limits.\ \ **liquidation trigger:** the c-Ratio (max **LVR**) at which the **collateral** liquidation process begins.\ \ **liquidation fee:** % fee charged to a vault liquidate part or all of lodged **collateral.**\ \ **stability fee:** % interest rate applied to asset used as collateral for minting of fxTokens. **utilisation rate:** measures how much of the asset is being used by traders. it is worked out = assets borrowed / total assets in pool. # overview an introduction to handle.fi protocol rewards rewarding ecosystem participants for accretive actions is a critical component for any protocol design. to that end, the handle.fi protocol contains a range of incentives intended to drive perps trading, fxToken creation, liquidity and exchange, and ongoing ecosystem stability. rewards will generally be distributed to users through the ecosystem token; FOREX, with veFOREX forming a cornerstone of the protocol rewards program. Initially, FOREX rewards may be distributed to participants for; * **depositing collateral** and **minting** fxTokens * **trading** or **converting** via the protocol * **liquidity provision** on **hSP**, **hLP** or external trading pools * [**fxKeeper** ](https://docs.handle.fi/the-platform/key-functions/mint/keeper-pools)liquidity pool stakers * **governance** pool participation via veFOREX * platform accretive actions via our [**PIEs**](https://docs.handle.fi/rewards/protocol-incentive-experiments) and [**quests**](https://app.gitbook.com/o/-MiswpCSPU5ZH4S1SDDG/s/-MUR8MivZ356lgVw_jq_-887967055/~/changes/1483/rewards/quests) * protocol **referral rewards** program * FLI and TIPR # active currently active rewards programs we are very excited to be launching programs designed to improve FOREX liquidity and awareness and increase handlePerps v2 activity\ \ firstly; the handle [**Trader Incentive Pool Rewards** ](/rewards/active/trader-incentive-pool-rewards-tipr)TIPR (pronounced "tipper") provide incentives for user to trade on the recently lauched [handlePerps v2](https://v2.handle.fi)\ \ following this rollout, we intend to launch **FOREX Liquidity Initiative**, (FLI - pronounced "handle fly") which aims increase awareness and interest in our protocol token FOREX...more details to follow.\
\
# trader incentive pool rewards (TIPR) handleTIPR community program {% hint style="success" %} STATUS: LIVE! {% endhint %} ### 🏆overview handle.fi **Trading Incentive Pool Rewards (TIPR)** are designed to incentivise and reward active handle traders and community members. handleDAO will initially allocate **100% of the protocol's trade fees** earned to the handle TIPR program. depending upon eligibilty traders will have the chance to be awarded up to the entire balance of the accrued TIPR.\ \ traders can see live TIPR balance in the header of the[ app ](https://v2.handle.fi)and can also track the TIPR balance at [handle.fi/tipr.html](https://www.handle.fi/tipr.html) ### 📜how does it work? each epoch, one trade (open or close) made on any CRYPTO at [v2.handle.fi](https://v2.handle.fi) will be randomly selected to potentially earn up to the entire available balance of handle's **Trader Incentive Pool Rewards**; the handleTIPR. current epochs are 8 hours hours in duration, with the winner selected at a random time window within that epoch. \ \ the first eligible trade placed at the correct time wins a share of the TIPR according to the [eligibility criteria](#eligibility-criteria) below. ### 📋 eligibility criteria 1. Only CRYPTO trades with a notional value > $500 USD will be eligible to receive any of the TIPR
2. If the selected trade is greater than the $500 USD minimum \ \ **AND** the trader either; * holds 500 veFOREX balance ([instructions here](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex)), **OR** * a t0- trooper NFT ([OpenSea collection](https://opensea.io/collection/t0-troopers)) **they will receive 100% of the available TIPR balance,** **otherwise** they will receive 25% of the available pool, and the balance will accrue to the next epoch! ### 🥋how to participate: 1. start trading CRYPTO assets at [v2.handle.fi ](https://v2.handle.fi) 2. to be eligible for 100% of the TIPR you must meet the [eligibility criteria](#eligibility-criteria) 3. WINNERS will be notified immediately after their winning trade is filled - and receive ther TIPR directly depoited to their trade account. ### 🙅🏼‍♂️disqualification: any attempt to manipulate or abuse the TIPR program will result in immediate disqualification. participants found violating the community guidelines, or the general spirit of TIPR program will be disqualified at the protocols discretion. ### ❕disclaimer: we reserve the right to modify the TIPR program rules or cancel it at any time, without prior notice. participants are responsible for ensuring they comply with any applicable legal regulations regarding in their respective jurisdictions. by participating in the TIPR program you agree to abide by the rules and guidelines outlined in this document. If you have any questions or need further clarification, please contact our support team. **go for gold troopers! 🦍**
# NFT series: t0-Troopers limited edition trooper NFT series as a means of rewarding committed community members for their contributionswe have released our **NFT series: t0-Troopers** {% hint style="success" %} **only 210 t0-Troopers will ever be minted.** {% endhint %} ![t0-troopers](/files/-MhS7JbxMijpojLRyPwg) #### **t0\_Troopers** will be awarded by the handleDAO for a range of protocol contributions {% hint style="warning" %} if you have an idea how you would like to help the protocol succeed and earn a t0-Trooper, feel free to DM us anytime {% endhint %} **alternatively, if you dont want to wait, exisiting minted Troopers can be purchased at opensea** [**here**](https://opensea.io/collection/t0-troopers)

# paused # trader rewards trader incentives {% hint style="danger" %} trading rewards paused 26/10/2022 0400 UTC {% endhint %} each week **(starting wed 12th October)** were allocating 50,000 in $FOREX to reward users of the protocol\ \ rewards EPOCHs reset each Wed 0400 UTC\ \ initial rewards will be focussed on 'trade' at [**app.handle.fi/trade**](https://app.handle.fi/trade)\ \ traders receive rewards pro-rata based on their share of weekly trading volumes $$ Payout = (Your Trading Volume / TotalTradingVolume ) \* Trading RewardsPool $$ [**weekly rewards earners can be found here**](https://docs.google.com/spreadsheets/d/1GNznh8prmmcXRRj48nUlvs-ARCH8ayP9yUCTtWS8k9g/edit?usp=sharing) # referral program the handle referral program allows **referrers** to introduce new users to the protocol and earn an ongoing % of the fees generated by that referred user; rebated as FOREX. {% hint style="info" %} initially **only approved referrers** will be able to participate - applicants should dm via [discord ](https://discord.gg/77WDThbZJ4)to obtain their referral link {% endhint %} referral **rebates** are applicable to a wide range of protocol fee categories (and in time will be explicitly linked to, and benefit from, a referrers veFOREX balance) initially referral rebates will be paid based on; * trade open and close fees, * hLP swap fees *coming soon hLP fees, more convert routes & fxToken loans* referral payouts are; * referred trader receives 5% on top of any base rebates * referrer receives 5% of referred trader fees all rebates accrue immediately as user fees are collected and are also claimable immediately {% hint style="success" %} to register a new users address as referred, the user must open a trade **from an address unused on the handle protocol** - and from that point onwards that address will be assigned to that ref link & referrer. {% endhint %} **additionally,** 1. opportunities for bespoke and DAO specific rebates and referrals may be implemented, [dm us on discord to find out more](https://discord.gg/77WDThbZJ4). 2. There is weekly max cap on total rebates and referral fees to be set at 50,000 FOREX - reviewed weekly. {% hint style="danger" %} if the handleDAO detects any manipulation - **immediate** cancellation of any refeerral benefits will apply {% endhint %} # quests complete tasks in order to earn rewards and contribute to handle.fi handle.fi has partnered with [Zealy ](https://zealy.io/c/handlefi/questboard)in order to build our community participation and protocol growth while rewarding our members. {% hint style="info" %} the link to the handle.fi quest page on Zealy can be found[ here](https://zealy.io/c/handlefi/questboard). {% endhint %} we update the quest page often so be sure to keep up to date through [Discord](https://discord.com/invite/nbSdYCDGhh). community members can earn rewards for a variety of activities, such as: * participating in community discussions * creating content * helping to moderate the community * completing quizzes * using handle.fi to earn rewards on [Zealy](https://zealy.io/c/handlefi/questboard), you first need to create an account and connect your wallet. once you have done that, you can start completing quests. # Protocol Incentive Experiments (PIEs) exploring ecosystem growth incentive models {% hint style="info" %} most PIEs have been deprecated and transitioned to [Zealy](https://zealy.io/c/handlefi/questboard) so please check before completing PIEs. There is more information about Zealy quests [here](https://app.gitbook.com/o/-MiswpCSPU5ZH4S1SDDG/s/-MUR8MivZ356lgVw_jq_-887967055/~/changes/1483/rewards/quests). {% endhint %} one of the primary reasons for adding tokenomics to any protocol design is to create incentives to drive and maintain protocol growth and success liquidity mining rewards is now a staple of DEFI, and bounties are also commonly used.\ \ so, in addition to platform rewards, handle.fi will be exploring a range of Protocol Incentive Experiments, or PIEs designed to further incentivise protocol users to contribute to and benefit from any protocols success [**PIE #1** - retweet community content to earn $FOREX](https://docs.handle.fi/rewards/protocol-incentive-experiments/incentive-experiment-1).\ [**PIE #2** - create **handle** memes to help grow community awareness](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-2-memes).\ [**PIE #3** - support the handle troop by adding (42,🦍) and win](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-3-weekly-bonus)!\ [**PIE #4** - produce rich content to explain and inform.](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-4-content-production)\ [**PIE #5**](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-5-referrer-program) - refer new members to our [**discord**](https://discord.gg/nbSdYCDGhh) community.\ [**PIE #6** - engage in community conversation and support](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-6-troop-participation-program).\ [**PIE #7**](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-7-convert-rewards)**\_b** - exchange tokens using [**handle convert** ](https://app.handle.fi/convert)and win $FOREX
{% hint style="info" %} **participants can record their contribution here:** \ \ {% endhint %} **all rewards can be viewed here:**\ \ # PIE #1 - retweets retweet project tweets and earn rewards {% hint style="danger" %} **status:** PAUSED 0630 UTC 24/2 ~~OPEN 10:00 UTC 22/2~~ {% endhint %} **social channel:** twitter **action:** verified retweet of approved tweet below 👇\ \+ endorsement statement or link to \+ #tagmi #troopersunite #fxtokens\ \+ must tag in 3 additional users **rewards:** 1. +20 $FOREX token reward for verified retweets on accounts < 250 followers (spam/bot abuse will be denied\*) 2. +50 $FOREX token reward for verified retweets on accounts > 250 followers. {% hint style="danger" %} **MUST BE ACTIVE APPROVED TWEET**\ \ **active approved tweet:**[ ](https://twitter.com/handle_fi/status/1438419138729299969?s=20)[**https://twitter.com/handle\_fi/status/1628293166855258112?s=20**](https://twitter.com/handle_fi/status/1628293166855258112?s=20) {% endhint %} {% hint style="warning" %} to be eligible for PIE #1 rewards; * single reward per user per tweet * must be approved and active tweet ONLY * must follow @handle\_fi on twitter\ \ \*accounts <250 followers will be approved by discretion to avoid bot and spam abuse. {% endhint %} \ \
# PIE #2 - memes production of usable handle.fi memes {% hint style="danger" %} **status:** PAUSED {% endhint %} **action:** meme creation **rewards:** each week we will draw 3 best memes to win **150 FOREX each.**\ \ **conditions:**\ memes must reference one or all of: * handle.fi, * \#troopersunite, #tagmi or * (42,🦍) {% hint style="info" %} * **user must post meme on twitter and follow @handle\_fi including** * \#troopersunite, #tagmi or * (42,🦍) {% endhint %} {% hint style="warning" %} \*in general , a handle logo just added to a picture - is not considered a meme. however we may exercise discretion in cases where we feel the spirit of the program is being adhered to. {% endhint %} \
# PIE #3 - bonus rewards bonus draw to accelerate your $FOREX rewards **PIE description:** weekly, on a randomly selected day we will draw one PIE contributor to receive a **FOREX BONUS.** {% hint style="success" %} **status:** PAUSED {% endhint %} **actions:** verified [PIE #1](https://docs.handle.fi/rewards/protocol-incentive-experiments/incentive-experiment-1) , [PIE #2](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-2-memes) and PIE #4 contributions.\ \ **rewards:** winners will receive 2000 bonus FOREX. \*no winner draws - rewards carried forward to next draw! {% hint style="warning" %} \**Maximum of 1 win will be awarded per person!!* \*winner must follow [handle\_fi ](https://twitter.com/handle_fi)on twitter and display (42,🦍) on their twitter username. \*rewards will only be applied to actions that have been submitted via [google docs](https://forms.gle/AdaULTCvYPZco5XG7) , **verified as meaningful contributions (i.e. earned full rewards), and in the spirit of the competition.** {% endhint %}
# PIE #4 - content production earn rewards for producing protocol content **description:** in order to grow awareness of the project we are launching a rewards program for the production of content designed to inform, instruct and bring new troopers to the protocol. {% hint style="danger" %} **status:** PAUSED 11PM UTC 19 Sep 2021 {% endhint %} **requirements & rewards;**
topicvideobloginfographicdescriptionstatus
topicvideobloginfographicdescriptionstatus
how to add liquidity to sushiswap FOREX-WETH and earn rewards. 150100100
how to add liquidity to curve.fi EUR-EURs and earn rewards. 150100100
how to deposy fxTokens to fxKeeper pools and earn rewards150100100
how to stake FOREX 150100100
how to stake FOREX on ethereum mainnet150100100
how to borrow FOREX on ethereum mainnet150100100
how to borrow(mint) fxTokens on Arbitrum.150100100active
how to repay (burn) fxtokens and repay debt.150100100active
how to exchange between tokens using convert.150100100active
how to start earning FOREX rewards from PIE #1 150100100active
how to start earning FOREX rewards from PIE #3 150100100active
how to bridge handle assets to Arbitrum 150100100active
troopers can still submit any other content as it may still receive rewards if it is judged to be 'usable quality'! - **this includes original design moving images for 75 FOREX** if you have additional content production ideas, a large follower count you can share with, or any other ideas or suggestions, [**DM us in discord**](https://discord.gg/77WDThbZJ4) and we would be happy to explore. content can be in any language, though we will require additional verification, prior to assigning rewards. {% hint style="warning" %} \*to be eligible for max rewards [content must;](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-8-tge-rewards-boost) * use [handle colors, and fonts and logos](https://docs.handle.fi/media-assets), * contain identifier '@twitterusername community content', * \#troopersunite or #tagmi * address one of the topic requirements listed above, * deemed to be both 'usable' and brand consistent, {% endhint %} # PIE #5 - referrer program join the approved referrer program **description:** **approved\*** troopers can now earn $FOREX rewards for referring new users to our discord community. {% hint style="success" %} **status: PAUSED** {% endhint %} **rewards:** * earn +5 $FOREX rewards for each new referred and **verified** discord user (using your unique invite link). {% hint style="info" %} **BONUS 500 $FOREX for each new 500 discord users referred!** {% endhint %} to participate in this program; **1.**dm us in [discord](https://discord.gg/77WDThbZJ4) at to introduce yourself, your community, or user growth ideas. **2. once approved**, create an invite link to either the **#start-here-first** channel or the **#announcements** channel.
**3.** ensure when creating your invite you set **Expire After** to "Never", and **Max Number** of Uses to "No Limit". ![](/files/-McBQ8boBcdpRjir2WSl) {% hint style="warning" %} YOU MUST ensure when creating your invite you set **Expire After** to "Never", and **Max Number** of Uses to "No Limit" {% endhint %} {% hint style="danger" %} **NO BOTS - if we find any abuse via bots, no rewards will be paid to that referrer.** {% endhint %} # PIE #6 - troop participation program earn rewards for helping our discord community {% hint style="warning" %} **status:** PENDING {% endhint %} **social channel:** discord **description:** we're always looking for new ways to reward our troopers for their contribution towards building a vibrant and active community.\ \ discord XP points are a great way to track one facet of these contributions, being engagement in community discourse. we have had this feature enabled for a while in our [discord channel](https://discord.gg/77WDThbZJ4), and very soon we will announce details of our troop participation program - where discord contributors, who earn XP levels will be rewarded with our governance token, FOREX.\ \ **rewards:**\ \ the current server leaderboard can be found at so get involved in the conversation and support your troop!! 🐵
# PIE #7\_b - convert & win convert and win prizes {% hint style="warning" %} **status:** PAUSED\ \ EPOCH 1: 13/9/22 12pm GMT+10- 20/9/22 12pm GMT+10 {% endhint %} **channel:** [app.handle.fi/convert](https://app.handle.fi/convert) [
](https://app.handle.fi/trade)\ **description:** the handle.fi platform allows users to convert tokens 1:1 on the Arbitrum & Ethereum, networks. {% hint style="success" %} all **eligible** participants will go into the draw to win 10,000 $FOREX and the right to mint a [t0-Trooper](/rewards/active/t0-troopers-nft-series) of their own, with two lucky losers to win 2,000 $FOREX each. {% endhint %} **required actions:** 1. swap any token using [**handle convert**](https://app.handle.fi/convert), 2. register the details [**here.**](https://docs.google.com/forms/d/e/1FAIpQLSd3FJu819E1fouxCiN73pzCbZWsB5QLVf_sOdq6_zf4yJnG6Q/viewform) 3. **to be eligible user** MUST follow [**handle\_fi**](https://twitter.com/handle_fi) on twitter and display (42,🦍) on your username 4. tweet a link to 1. this PIE, and 2. app.handle.fi/convert\ \ **OR**, 3. retweet [**the announcement tweet**](https://twitter.com/handle_fi/status/1569513298680508416?s=20\&t=0qLF9UGzbE9RJULeDWvFLQ) {% hint style="info" %} users that **ALSO** provide valuable feedback receive additional 250 FOREX rewards {% endhint %} {% hint style="danger" %} this is a **MAINNET TEST** on Arbitrum, Ethereum. You are converting **REAL** tokens - only conduct converts you wish to.\ \ \***this feature is in beta release - BE CAREFUL!** {% endhint %} \ **Notes;** * ETH <=> WETH excluded from rewards. * minimum convert size $10 # contracts an overview of the main handle contracts & addresses the handle protocol consists of four main contracts which contain the core functions required for performing vault logic around loans, minting and collateral. These contracts are the Handle contract, the Treasury contract, the Comptroller contract and the VaultLibrary contract. Their functions are as follows: * **Handle.sol**: stores the main protocol data and configurations. Holds a reference to all protocol contracts. * **Treasury.sol**: provides deposit and withdrawal functions for vaults. Holds all protocol funds. * **Comptroller.sol**: provides mint and burn functions for vaults. * **VaultLibrary.sol**: provides read-only functions to calculate vault data such as the collateral ratio, the equivalent ETH value of collateral/debt at the current exchange rates, weighted fees, etc. * **Handle.sol**: stores the main protocol data and configurations. Holds a reference to all protocol contracts. * **Treasury.sol**: provides deposit and withdrawal functions for vaults. Holds all protocol funds. * **Comptroller.sol**: provides mint and burn functions for vaults. * **VaultLibrary.sol**: provides read-only functions to calculate vault data such as the collateral ratio, the equivalent ETH value of collateral/debt at the current exchange rates, weighted fees, etc. the rest of the contracts may be divided into two subgroups: collateral health (liquidations and redemptions) and investment strategies (the protocol-controlled treasury, PCT), and also the Interest contract: * **Interest.sol**: keeps track of time passed and interest rates, storing relevant variables. allows to track and update the interest rates according to configured external protocol rates such as MakerDAO's. * **Collateral health**: includes the Liquidator contract (implementing redemptions and liquidations), an off-chain liquidation bot written in node.js which relies in a The Graph's subgraph indexing module to index relevant vault and collateral data for liquidation purposes. * **Investment strategies**: the PCT contract can interact with external finance protocols to earn interest over Treasury collateral, which may be borrowed by the PCT and transferred into these external protocols. {% tabs %} {% tab title="ArbitrumOne" %} * **handle "perps" Liquidity Pool (hLP):** [0x1785e8491e7e9d771b2A6E9E389c25265F06326A](https://arbiscan.io/address/0x1785e8491e7e9d771b2a6e9e389c25265f06326a)
* **FOREX:** [0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B](https://arbiscan.io/token/0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B) **fxTokens** * **fxAUD:** [0x7E141940932E3D13bfa54B224cb4a16510519308](https://arbiscan.io/token/0x7E141940932E3D13bfa54B224cb4a16510519308) * **fxCHF:** [0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e](https://arbiscan.io/address/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e) * **fxCNY:** [0x2c29daace6aa05e3b65743efd61f8a2c448302a3](https://arbiscan.io/address/0x2c29daace6aa05e3b65743efd61f8a2c448302a3) * **fxEUR:** [0x116172b2482c5dc3e6f445c16ac13367ac3fcd35](https://arbiscan.io/token/0x116172b2482c5dc3e6f445c16ac13367ac3fcd35) * **fxKRW:** [0xf4e8ba79d058fff263fd043ef50e1010c1bdf991](https://arbiscan.io/address/0xf4e8ba79d058fff263fd043ef50e1010c1bdf991) * **fxPHP:** [0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0](https://etherscan.io/token/0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0) * **fxUSD:** [0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F](https://arbiscan.io/token/0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F)
* **arbitrum bridge:** [0x000877168981ddc3ca1894c2a8979a2f0c6bbf3a](https://arbiscan.io/address/0x000877168981ddc3ca1894c2a8979a2f0c6bbf3a)
* **protocolFees:** [0xFa2c1bE677BE4BEc8851D1577B343F7060B51E3A](https://arbiscan.io/address/0xfa2c1be677be4bec8851d1577b343f7060b51e3a) {% endtab %} {% tab title="Ethereum Mainnet" %} * **FOREX:** [0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B](https://etherscan.io/address/0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B) * **fxAUD:** [0x7e141940932e3d13bfa54b224cb4a16510519308](https://arbiscan.io/token/0x7e141940932e3d13bfa54b224cb4a16510519308) * **fxCHF:** [0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e](https://etherscan.io/address/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e) * **fxCNY:** [0x2c29daace6aa05e3b65743efd61f8a2c448302a3](https://etherscan.io/address/0x2c29daace6aa05e3b65743efd61f8a2c448302a3) * **fxEUR:** [0x116172b2482c5dc3e6f445c16ac13367ac3fcd35](https://etherscan.io/token/0x116172b2482c5dc3e6f445c16ac13367ac3fcd35) * **fxKRW:** [0xf4e8ba79d058fff263fd043ef50e1010c1bdf991](https://etherscan.io/address/0xf4e8ba79d058fff263fd043ef50e1010c1bdf991) * **fxPHP:** [0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0](https://etherscan.io/token/0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0) * **fxUSD:** [0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F](https://etherscan.io/token/0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F)
* **mainnet bridge:**
* **vesting contracts:**\ [**seed:** 0x0857769aC15c2501BbF46Fb6ED0f783D17a3BcDb](https://etherscan.io/address/0x0857769aC15c2501BbF46Fb6ED0f783D17a3BcDb)\ [**strategic:** 0xE03a92CD4eb15A5B68bae3134938e5b5a2debF5D ](https://etherscan.io/address/0xE03a92CD4eb15A5B68bae3134938e5b5a2debF5D)\ [**team:** 0x8C211EE553668222307BC1B7c698eDF0B29173e9](https://etherscan.io/address/0x8C211EE553668222307BC1B7c698eDF0B29173e9) {% endtab %} {% tab title="Polygon" %} * **FOREX:** 0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B * **fxAUD:**[ 0x7e141940932e3d13bfa54b224cb4a16510519308](https://polygonscan.com/token/0x7e141940932e3d13bfa54b224cb4a16510519308) * **fxCNY:** [0x2c29daace6aa05e3b65743efd61f8a2c448302a3](https://polygonscan.com/token/0x2c29daace6aa05e3b65743efd61f8a2c448302a3) * **fxCHF:** [0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e](https://polygonscan.com/token/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e) * **fxEUR:** [0x116172b2482c5dc3e6f445c16ac13367ac3fcd35](https://polygonscan.com/token/0x116172b2482c5dc3e6f445c16ac13367ac3fcd35) * **fxKRW:** [0xf4e8ba79d058fff263fd043ef50e1010c1bdf991](https://polygonscan.com/token/0xf4e8ba79d058fff263fd043ef50e1010c1bdf991) * **fxPHP:** [0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0](https://polygonscan.com/token/0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0)
* **polygon bridge:** [0x62E13B35770D40aB0fEC1AB7814d21505620057b](https://polygonscan.com/address/0x62E13B35770D40aB0fEC1AB7814d21505620057b#tokentxns) {% endtab %} {% endtabs %} # oracles an overview of oracles used on handle.fi an Oracle refers to a smart contract that provides readable data on-chain. handle.fi uses a combination of our own high speed oracles,[ Stork Network](https://www.stork.network/) and C[hainlink ](https://chain.link/)oracles. each meeting differing protocol requirements For **perpetual trading**, handle uses a combination of[ Stork Network](https://www.stork.network/) oracles and our proprietary **h2SO (handle high speed oracles)** system. \ \ [Chainlink data feeds](https://data.chain.link/) are used **for pricing CDP** collateral and mint value of fxTokens. (arbitrum oracles can be found [**here**](https://data.chain.link/arbitrum/mainnet/fiat)). ### h2SO **h2SO (handle high speed oracles)** is handle's proprietary oracle system which allows the end user to update the price directly on an oracle aggregator contract by submitting a trusted signature along with the quoted price. ### stork network Stork is an ultra-low-latency, decentralized, hybrid oracle network. At the core of its design is an emphasis on high performance. Stork ensures the availability of reference prices at millisecond precision, paralleling the speed found in centralized exchanges (CEXs) and traditional financial (TradFi) exchange venues. the innovative hybrid on/off-chain architecture of Stork enables initial off-chain processing, followed by relevant on-chain price updates. This approach is vital for maintaining our high-performing decentralized exchange (DEX), setting it apart from purely on-chain oracle providers that offer less frequent price updates. In scenarios where pure on-chain oracles are used, the less frequent price updates can hinder the support of long-tail assets, especially when the associated gas fees outweigh the on-chain demand for these assets. Moreover, in times of significant market volatility, these pure on-chain models are less effective compared to the more adaptable hybrid on/off-chain models of Stork. Stork's system allows us to achieve robust, cost-effective, and high-performance reference prices, while minimizing the risk of pricing vulnerabilities across a diverse range of assets. Stork carefully selects its publishers and data sources for their proven reliability in delivering low-latency price updates. The chosen methodologies are tailored to enable Stork clients to achieve targeted outcomes and are subject to continuous evolution. Each publisher within Stork's network contributes both index and mark prices for the markets they support, adhering to established calculations for both index and mark prices. for a more detailed understanding of Stork's oracle architecture, please refer to their [documentation.](http://docs.stork.network/) ### chainlink for pricing CDP collateral and mint value of fxTokens handle uses the [official Chainlink data feeds.](https://data.chain.link/) Chainlink is a popular protocol (and also product) that develops oracle smart contracts and workflows. The reason Chainlink is both a protocol and also a product/service, is that someone could use Chainlink's open source oracle smart contracts with a self-managed infrastructure, rather than relying on Chainlink's official feeds or operators. #### aggregator contracts the aggregator smart contract is one of Chainlink's oracle contracts. It is usually structured the following way: 1. there is an [Aggregator Interface contract](https://github.com/smartcontractkit/chainlink/blob/develop/contracts/src/v0.6/AggregatorProxy.sol), also called an Aggregator Proxy, which reads data from the Aggregator contract. DApps read the price from the Aggregator Interface, so that the Aggregator Interface could at any time change which Aggregator contract it points to without breaking the DApps. 2. the [Aggregator contract](https://github.com/smartcontractkit/chainlink/blob/develop/contracts/src/v0.6/FluxAggregator.sol) is the actual contract with the oracle data submission logic. The example linked is the Flux Aggregator contract, which aggregates data from the oracle operators on-chain. There are newer oracle architectures which aggregate all oracle answers off-chain, submitting a single transaction on-chain and are therefore more gas efficient. The point is that this is the implementation contract, and different architectures are available, but they usually follow the same interface for interoperability. 3. Oracle operators, which are either individuals or organisations, run software that checks the value of an asset, off-chain, using their own data sources, and submit to the Aggregator contract, either on a schedule or when requested by the oracle system. # subgraph indexed data on the handle.fi ecosystem [**The Graph**](https://thegraph.com/) is decentralized protocol for indexing and querying blockchain data. It makes it possible to query data that is difficult to query directly, such as data from smart contracts or NFTs.\ \ to help users more easily access data on the handle.fi we've built our' own subgraph. check them out here; >
# adjusting settings customise your console in **handle.fi** there is the capability for you to modify settings in order to adjust the console to best suit your trading needs. you have the ability to alter settings related to the **theme, gas prices, trade layout & general layout**. there is also the capability to change the **language** to what's most appropriate for you. ### locating settings
settings are located on the right hand side of the function links. the pink icon on the left is for settings while the globe on the right is for language choice. once in settings the available options to modify are: #### themes
themes refers to the **handle.fi** colour scheme and effects the entire look and feel of every function. in no way does changing the theme effect any of the trading mechanisms or performance. it is a personal preference to which theme you use. different people prefer different layouts and can assist them in how they view the charts. the different themes are:

handle

handleView

handleX

handleBerg

{% hint style="info" %} there is also a '**modern**' option which works complimentary to any of the themes. {% endhint %} # how to open an account this **tutorial** will walk you through how to open up a trading account using your email address. the two options are with a google sign-in or using your email address. the focus of the video tutorial is aimed at the latter method. for more info on sign in methods read [getting started](/the-platform/getting-started). ### video tutorial {% embed url="" %} ### open an account 1. go to [app.handle.fi](https://app.handle.fi) 2. select ‘connect’ in the top right corner.
3. connect with either ‘google’ or ‘email’ and follow the instructions. This will create a wallet for you which is linked to your email login.
4. you will now see your wallet address in the top right where ‘connect’ was. Click on the wallet address.
5. click the copy symbol which is highlighted. This will copy your address to your clipboard.
6. you can now transfer funds to that wallet and start trading on handle.fi. # bridge the handle multichain bridge, allows users to easily and rapidly move **FOREX** and **fxTokens** across ethereum, arbitrum and polygon with more chains on their way. 1. go to app.handle.fi/bridge 2. connect you wallet and ensure you are connected to the network you want to bridge **'from'** 3. select the **'to'** network from the dropdown - we are bridging from **polygon** to **arbitrum**
4. select the token you want to bridge and enter the amount - in this case we will bridge 100 $FOREX
5. select **'bridge FOREX'** button and confirm the tx.
6. wait until the transaction is mined successfully - you will see a message appear **"tokens deposited to bridge'.** 7. a new button should appear showing the bridged tokens as a pending withdrawal on the **'to'** chain. 8. either switch to the **'to'** network OR select the button and it will force the network switch. 9. once on the **'to'** network - click on the withdraw button and you will be prompted to sign a transaction. 10. tokens will now be withdraw to the same address. ### external bridges if you wish to bridge ETH (or other ERC20) native ecosystem bridges can be found at; **Arbitrum**: **Optimism**: **Polygon**: # dashboard how to read handle.fi dashboard this page runs through the basics of navigating around the dashboard and creating a customised trading set up. ## overview
## features the dashboard is your homepage and provides insights into your account on handle.fi. knowing how to navigate the page is a strong tool to have as it keeps your account organised and easily readable. the dashboard is split up into two sections - a summary of your wallet & a more detailed view of your wallet holdings and vaults. #### summary this section features a number of tiles which is ever growing to display important datasets. these include: * **total** [**fxKeeper**](https://docs.handle.fi/the-platform/mint/keeper-pools) **staked:** this is the total USD value of all the [fxKeeper](https://docs.handle.fi/the-platform/mint/keeper-pools) vaults which you have contributed to. * **wallet assets:** this is the total USD value of all the coins which you are holding in the wallet that is connected to handle.fi. if you are having trouble connecting or viewing your assets on the dashboard follow this[ **guide**](https://docs.handle.fi/the-platform/getting-started)**.** * **governance** [**veFOREX**](https://docs.handle.fi/high-priority/governance-staking-veforex)**:** this is the total [veFOREX ](https://docs.handle.fi/high-priority/governance-staking-veforex)which the user holds in their wallet. for information on how to obtain [veFOREX](https://docs.handle.fi/high-priority/governance-staking-veforex) follow this [**guide**](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex)**.** * **price chart (ETH/ FOREX):** this displays the chart of two crypto assets against each other. to change the pairing select the current pair; 'ETH/FOREX' in the image. all assets listed on arbitrum should be accessible to chart on the dashboard. * **total debt:** this is the total USD value of all the debt positions which the user has taken out through[ **CDP vaults**](/the-platform/mint/vaults)**.** for more information on how to take a debt position follow this [guide](https://docs.handle.fi/the-platform/mint/mint). * **total** [**CDP collateral**](/the-platform/mint/vaults)**:** this is the total USD value of all the collateral which is being used to back the users debt positions. {% hint style="info" %} in the top right, above the tiles there is a 'customise' option which you can select to modify the layout of the tiles on the dashboard. {% endhint %} #### wallet this section provides a more detailed version of your wallet holdings and allows you to conduct transactions from the dashboard.
for each token which is listed in your wallet you may view the balance, price & value of the holding. you may also change the currency which the price & value are derived in by interacting with the dropdown in the top right corner. for each token there are icons on the far right hand side. the different options you have are: * ![](/files/HCzNDf6GvPtCbuw88AEi): this option is to send the token to another wallet address. * ![](/files/nUYYssXVvlnp2GyAODNd): select this in order to convert the token to another token. you will be taken to the [**convert**](/the-platform/convert) page upon choosing this. * ![](/files/HnAaPkFlc1gCcN9QBhRW): this provides a quick link to buy [**hLP**](/the-platform/pool/handle-liquidity-pool-hlp). this option is only available to the tokens that are included in[ **hLP**](/the-platform/pool/handle-liquidity-pool-hlp) as they are required in order to make the conversion. {% hint style="info" %} ![](/files/UIdxXTbyx32havJV0SYl)this field will allow you to edit the minimum value for which tokens will be displayed on the dashboard {% endhint %} #### vaults this section provides detail on the vaults which you have opened on handle.fi and provides the important data required to maintain your position/s. for more detail on how CDP vaults work visit the [**borrow**](https://docs.handle.fi/the-platform/mint) section.
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'. # branding, assets, images & memes a collection of handle.fi branding information & other media assets ## brand ### logo {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} ### FOREX logo {% embed url="" %} ### banners {% embed url="" %} ### fxToken logos [fxToken logos](https://drive.google.com/drive/folders/1yfAMl3svRBefX2BdUDj28gk92EfKInb4?usp=sharing) ### font [Inconsolata](https://fonts.google.com/specimen/Inconsolata?query=inconsolata\&preview.text=handle.fi\&preview.text_type=custom) ### palette {% embed url="" %} #### [view palette on coolors](https://coolors.co/a9e2b0-ff7bac-ffb45a-ffff88-3a8355-2a313e) ### graphics & images {% embed url="" %} {% embed url="" %} {% embed url="" %} #### [Buterin & gorilla](https://drive.google.com/drive/folders/1_8sd8j49lnG53eroQf47JO6XhT2kHeyf?usp=sharing) {% embed url="" %} ### **other media** [**infographics, blogs and video**](https://drive.google.com/drive/folders/12-KVxzJGeOWwgdpb0UNOU9rTl48XBK-CZ9L5op-mYJ0iEEq6ot6ltLnXrqUwFUBzF-g2dULI?usp=sharing) produced from PIE #4 ## **community** ### memes & gifs {% hint style="warning" %} community produced content - aside from providing these links, we don't endorse these in any way!! {% endhint %} [**handle memes & gifs**](https://drive.google.com/drive/folders/1SPU2IF6TYXuIHSsF1qIXe1-4soQS8OVN?usp=sharing)\ \*alternatively, these will be posted on twitter🐤 **@handle\_memes** # 서론 글로벌 디파이 외환 프로토콜 **handle.fi 는 분산된 다중 화폐 스테이블코인 프로토콜입니다.** 스테이블코인은 외부 자산 클래스에 가격을 매다는 방식으로 시장 가치를 유지하려는 디지털 화폐입니다. fxTokens는 다양한 화폐를 대표하며, 이에 부드럽게 매겨진 담보 보장 스테이블코인입니다. handle 프로토콜은 사용자가 다중 화폐 스테이블코인, 즉 fxTokens에서 레버리지 거래, 변환, 대출 및 수익을 얻을 수 있도록 허용합니다. fxTokens는 **handle.fi**의 핵심 인프라입니다. 그들은 Arbitrum에서의 수직 통합된 DeFi(분산 금융) 응용 프로그램을 지원하며 그 모든 기능을 강화합니다. 평균적으로 매일 **$7.5 조가 전 세계 외환 시장에서 거래됩니다(1). 2022년 거래량은 약 2.74 경에 달했습니다.💱** USD는 글로벌 예비 자산이며 DeFi의 세계가 성장함에 따라 USD 백업 스테이블코인의 급증과 함께 일일 거래량이 $30Bn을 초과하는 것이 있습니다. \ DeFi 사용자들은 제공되는 스테이블코인 통화의 결과로 프로토콜에 의해 제한되기를 원하지 않습니다. 다중 화폐 fxTokens를 가지고 있으면 선택한 통화로 헤지, 결산, 추측, 전송 및 대출을 할 수 있습니다. {% hint style="info" %} handle.fi는 비보관성이므로 자산을 제어할 수 있습니다. 이로 인해 제3자 중개인이 자금을 관리하는 것이 필요 없어집니다. {% endhint %} 현재 사용 가능한 fxTokens: * 호주 달러 (fxAUD) * 영국 파운드 (fxGBP) * 캐나다 달러 (fxCAD) * 중국 인민폐 (fxCNY) * 유로 (fxEUR) * 일본 엔 (fxJPY) * 필리핀 페소 (fxPHP) * 싱가포르 달러 (fxSGD) * 스위스 프랑 (fxCHF) * 미국 달러 (fxUSD) [(1)](https://www.bis.org/statistics/rpfx19_fx.htm) [(2) https://www.coingecko.com/en/stablecoins](https://www.coingecko.com/en/stablecoins) # handle.fi 사용 사례 및 이점 사용 사례에는 다음이 포함됩니다: * 현지 통화로 거래 정산하여 외화 위험 제거. * 현지 통화로 암호화폐 자산을 대출하여 환전 수수료 및 외화 위험 감소. * 외화 위험을 제거하고 현지 통화로 레버리지 제공. * 외화 위험을 제거하고 현지 통화로 투자 및 농장. * 다중 통화 스테이블코인 간 효율적인 변환. * 현지 통화로 거래 및 키퍼 풀에서 유동성 제공에 대한 보상 획득. * 1:1 환불에서 중개 수익 획득. * L2 및 레버리지 제품 도입으로 외환 움직임에 헤지 또는 추측. **handle.fi 프로토콜의 주요 혜택**에는 다음이 포함됩니다: * 다중 담보 금고; * 자본 효율성. * 감소된 청산 확률. * 자산을 더 많이 사용하십시오. * 1:1 환불 시설은 fxTokens이 피그 값을 유지하는 데 도움이 됩니다. * 프로토콜 fxKeeper 풀은 시스템 담보화를 유지하기 위해 효율적인 청산을 보장합니다. * 부분 금고 청산은 사용자가 부채 위치를 유지하는 데 필요한 것보다 더 많은 담보를 포기하지 않도록 합니다. * 프로토콜 제어 값은 귀하의 주당 담보에 추가 수익을 생성합니다. # FOREX 토크노믹스 handle.fi 프로토콜의 토큰 $FOREX는 handle 프로토콜의 토큰입니다. 참가자들에 의한 프로토콜 가치 증대 활동에 대한 보상으로 분배될 것이며, 보유자들이 플랫폼 거버넌스에 기여할 수 있게 합니다. handle.fi 거버넌스에서 활동적인 참여자가 되기 위해서는 먼저 veFOREX를 획득해야 합니다. veFOREX의 보유자는 프로토콜 거버넌스에 참여하고, 다양한 프로토콜 가치 증대 활동에 대해 최대 2.5배의 보너스 보상을 받을 수 있으며, 그들의 $FOREX 유동성 제공에 대한 프로토콜 수익의 일부를 받을 수 있습니다. ### 토큰 공급 초기 182 주 동안 총 420,000,000 FOREX가 발행될 예정이며; 이후 연간 2.1%의 최종 인플레이션률이 적용됩니다. 토큰 발행 할당 및 지급 일정\* * 22.0% 팀 및 자문 (지급 완료) * TGE 후 3개월에 10% 지급 * 나머지는 18개월 동안 균등하게 지급 * 26.9% 전략 파트너 (지급 완료) * TGE에서 25% 지급 * 나머지는 12개월 동안 균등하게 지급 * 5.0% 커뮤니티 TGE (지급 없음) * 41.1% 프로토콜 보상; * 금고 담보 주주. * fxToken 발행자. * fxToken 유동성 및 fxKeeper 풀 주주. * 거버넌스 풀 주주. * 5% handle DAO 및 커뮤니티 보상 (사전 발행). \*가장 가까운 0.1%로 반올림, 참고용으로만 제공되며 최종 %는 변경될 수 있습니다. ![FOREX token distribution](/files/-MhI27L-CQf-MiGbA2Z1) [여기](https://docs.google.com/spreadsheets/d/1ORWZjmikO3gFen0be3uUKmrQUz5SEq3hwEubKMRf87Y/edit#gid=2013727449)에서 지급에 관한 자세한 내용을 확인할 수 있습니다. # 거버넌스 스테이킹 (veFOREX) 사용자들은 handle 거버넌스 풀에 FOREX/fxUSD (80/20) 밸런서 풀 토큰 (BPT)을 잠글 수 있으며, 이를 통해 veFOREX - '투표 에스크로 FOREX'을 받을 수 있습니다. veFOREX의 보유자들은 프로토콜에 중요한 '잠긴' 유동성을 제공하며, 그 대가로 다음의 혜택을 받을 수 있습니다: (i) 프로토콜 거버넌스에 참여하기, (ii) 유동성 제공, 거래 및 전환 또는 새로운 사용자를 추천하는 등의 프로토콜 활동 전반에 걸쳐 최대 2.5배의 부스트된 보상 및 우수한 APR을 받기. (iii) 거버넌스 풀에 분배되는 프로토콜 수수료의 일부를 받기. {% hint style="info" %} 보유자가 그들의 FOREX/fxUSD (80/20) BPT를 잠글 시간이 길수록 그들은 더 많은 veFOREX를 받게 되며, 그들의 투표 권한 및 부스트된 보상이 증가합니다. 최소 잠금 시간은 일주일 에포크이며 최대는 1년입니다. 최대 기간 동안 1 BPT가 잠겨 있는 것은 1 veFOREX에 해당합니다. 사용자의 veFOREX 가중치는 에스크로 처리된 토큰이 그들의 잠금 만료에 가까워짐에 따라 선형적으로 감소합니다. {% endhint %} *\*\****Balancer 유동성을 추가하고 veFOREX를 위해 잠그는 방법에 대한 설명서 -** [**여기**](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex)**를 클릭하세요***\*\** **다음은 보상 카테고리의 내역과 veFOREX 부스트가 적용되는 위치입니다** | 카테고리 | veFOREX 부스트 | | ----------------------- | ----------- | | 거버넌스 풀 - FOREX/fxUSD | 네 | | hLP 예금자 | 네 | | fxKeeper 풀 | 네 | | curve fxUSD - handle 3풀 | 네\* | | curve fxEUR | 네\* | | 거래 및 변환 리베이트 % | 네\* | | 추천 % | 네\* | *\**구현 진행 중
*\*\**이 토크노믹 시스템은 curve.fi에서 구현한 혁신적이고 기초적인 작업에서 착안하였습니다. 우리는 그들의 영감과 디파이 및 프로토콜 토크노믹스에 대한 기여에 감사드립니다. #### # fxUSD/FOREX BPT 획득 및 veFOREX를 위해 잠금 ### 단계 1. Balancer fxUSD/FOREX (20/80) BPT 획득 FOREX 소지자들은 그들의 FOREX + fxUSD를 Balancer 유동성 풀에 입금하여 프로토콜 유동성을 제공하며, 대가로 Balancer Pool Token (BPT)를 받게 됩니다. **(a)** 여기 있는 [balancer](https://app.balancer.fi/#/arbitrum/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) 풀 페이지로 이동하고 "유동성 추가"를 선택하세요.
**(b)** 추가하고자 하는 유동성의 양을 입력하세요.\ \ **("비례 제안"을 클릭하여 자산이 올바른 비율로 추가되도록 하십시오 - 가격 영향을 최소화하기 위해)**
### 단계 2. 당신의 BPT를 veFOREX를 위해 잠금 유동성이 Balancer 풀에 성공적으로 추가되면..\ \ **(a)** [**app.handle.fi** ](< https://app.handle.fi/earn>)으로 이동하고 fxUSD/FOREX (20/80) BPT를 선택한 시간 (최소 1주 - 최대 1년) 동안 잠급니다!
{% hint style="success" %} 다 됐습니다!! - 이제 veFOREX를 보유하게 되었으며, 다음을 수행할 수 있습니다: * 프로토콜 수수료 분배 받기 (거래, 교환 및 대출 전반에 걸쳐) * 거버넌스에 참여하기 * 최대 2.5배의 부스트된 보상 받기; * hLP 유동성 * fxKeeper 유동성 * 거래 및 추천 리베이트 {% endhint %} # FOREX를 어떻게 구입하나요? handle.fi 앱에서 ETH로 FOREX를 구입하는 방법 ## 어디서 FOREX를 구입할 수 있나요 ? Arbitrum에서 [app.handle.fi/convert](#using-handle.fi-convert)를 통해 FOREX를 구입할 수 있습니다. 또한 Arbitrum의 [**balancer**](https://arbitrum.balancer.fi/#/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) 에서 fxUSD로, Gate.io에서 USDT로 구입할 수도 있습니다.\ \ FOREX는 Ethereum 메인넷의 Uniswap 및[**app.handle.fi/convert**](https://app.handle.fi/convert) 에서도 사용할 수 있지만 유동성이 제한되어 있어 슬리피지가 증가할 수 있습니다. 링크가 포함된 유동성 풀에 대한 자세한 정보는 여기에 있습니다. {% hint style="danger" %} **사기꾼을 조심하세요.** DEX를 통해 거래할 때 항상 토큰 주소가 올바른지 확인하세요. 올바른 주소는 0xdb298285fe4c5410b05390ca80e8fbe9de1f259b입니다. {% endhint %} ### handle.fi 변환 사용하기 🦍 1. 앱에서 변환 페이지로 이동하십시오**(**[**app.handle.fi/convert**](https://app.handle.fi/convert)) 2. **월렛을 연결하십시오.** 반드시 ARBITRUM에 연결되어 있는지 확인하십시오. 3. **FOREX**로 변환하려는 **fxUSD** 금액을 선택하십시오. 리뷰를 선택하십시오. 4. 리뷰 선택 5. 거래 세부 정보에 만족하면 변환을 선택하십시오. 6. 월렛에서 트랜잭션에 서명하십시오. 7. 성공하면 이를 확인하는 메시지 토스트( **arbiscan** 링크 포함)가 표시됩니다. \*FOREX 토큰을 월렛에 추가하여 잔액을 확인하는 것을 잊지 마십시오. 이것은 FOREX 잔액 탭의 드롭다운에서 찾을 수 있습니다. ![](/files/Y3kNKwVbQiFzCA2TpO6X)
**FOREX 계약:** [**0xdb298285fe4c5410b05390ca80e8fbe9de1f259b**](https://etherscan.io/token/0xdb298285fe4c5410b05390ca80e8fbe9de1f259b) # handle 유동성 풀 (hLP) handle 유동성 풀 (**hLP**)은 통화\* 자산의 바구니로 구성되어 있으며, (i) 프로토콜 사용자가 레버리지 거래를 위해 대출할 유동성을 제공하며, (ii) 모든 거래의 상대방으로 작용하여 트레이더의 이기거나 지는 것을 흡수하고, (iii) 어떤 교차 자산의 현물 외환 스왑에 대한 유동성을 제공합니다.\ \ hLP에 자본을 제공하는 제공자는 승인된 자산을 풀에 입금할 수 있으며, 수수료를 벌기 위해 자동으로 스테이크되는 **hLP**를 받게 됩니다. hLP에 입금하는 데 필요한 수수료는 지수 내 자산의 균형에 따라 다를 것입니다. 현재의 수수료는 **hLP**로 변환할 때 변환 페이지에서 확인할 수 있습니다. **hLP** 보유자는 거래 및 자금 관련 수수료, 스왑 수수료, 트레이더의 손실 및 청산에서의 수익의 일부를 얻게 됩니다. 또한, 사용자의 **veFOREX** 잔액에 따라, 그들은 또한 부스트된 풀 보상과 APYs를 받을 수도 있습니다. hLP와 관련된 모든 수수료와 보상은 프로토콜 토큰인 FOREX로 분배됩니다. **현재 목표 가중치**

hLP target weights

승인된 자산목표 가중치
ETH5.0%
🇺🇸 fxUSD47.5%
🇪🇺 fxEUR27.0%
🇯🇵 fxJPY2.0%
🇬🇧 fxGBP 6.0%
🇨🇦 fxCAD4.0%
🇦🇺 fxAUD2.0%
🇨🇳 fxCNY2.0%
🇨🇭 fxCHF1.5%
🇸🇬 fxSGD1.0%
🇰🇷 fxKRW1.0%
🇵🇭 fxPHP1.0%
\ \*바구니의 5%는 현재 ETH이며, 이는 다양한 범위의 스왑과 프로토콜 관련 경로 최적화를 가능하게 합니다. {% hint style="info" %} hLP의 보유자는 높은 수익률을 가질 수 있는, 글로벌 통화 근접 중립 FX 노출 자산을 소유하고 있습니다. (풀 특정 위험을 제외하고) 풀 구성은 사용자가 USD에 LONG도 SHORT도 아니게 만드는 자산을 만들려고 합니다. 대신, 글로벌 통화 바구니에 노출되어 있으며, 이는 대략 50% USD와 50% 미국 달러 지수(DXY)를 근사화합니다. {% endhint %} **현재 및 목표 구성 및 이용률을 확인하는 방법** 1. [app.handle.fi/convert](https://app.handle.fi/convert) 로 이동 2. 'from' 또는 'to' 토큰으로 hLP를 선택 3. "hLP 분석"을 선택
# 시작하기 분산형 거래소인 handle.fi는 그 기능을 활용하기 전에 지갑을 연결해야 합니다. ### 지갑 추가하기 지갑이 없는 경우 메타마스크([https://metamask.io/download/)를](https://metamask.io/download/\)%EB%A5%BC) 다운로드하거나 Google 로그인 또는 이메일 주소로 쉽게 추가할 수 있습니다. [여기](/korean/how-to-guides/how-to-open-an-account)에서 어떻게 하는지 가이드를 따를 수 있습니다.
### Arbitrum에서 자금 제공하기 Arbitrum은 Ethereum의 계층 2(L2) 확장 솔루션으로, Ethereum에서의 속도, 확장성 및 비용 효율성을 향상시키기 위해 낙관적 롤업을 사용합니다. 이것은 Ethereum의 보안성과 호환성을 상속받지만, 대부분의 계산과 저장을 오프 체인으로 이동함으로써 더 높은 처리량과 더 낮은 수수료를 제공합니다. handle.fi는 이러한 기능을 우리의 거래자들에게 제공하기 위해 Arbitrum 위에 구축되었습니다. 이는 거래를 위해 Arbitrum 네트워크에 자산을 가져와야 함을 의미합니다. Arbitrum은 거래비용을 지불하기 위해 기본 통화로 ETH를 사용하며, handle.fi에서 거래를 관리하는 데도 사용합니다. 자산을 Arbitrum으로 이동하려면 몇 가지 옵션이 있습니다. 공식적인 방법은 약 10분 정도 걸리는 Arbitrum 다리를 사용하는 것입니다. 또한 Arbitrum에 다른 체인을 연결하는 제3자 다리도 사용할 수 있습니다. 그러나 다리를 사용할 때는 항상 주의하세요 - 사용하기 전에 공식 소스에서 링크를 항상 확인하세요. 일부 제3자 다리는 다음과 같습니다: * Synapse: [https://synapseprotocol.com/](https://synapseprotocol.com/?inputCurrency=USDC\&outputCurrency=USDC\&outputChain=42161) * Hop: 대부분의 중앙 집중식 거래소는 Arbitrum 인출을 지원하므로 이것이 동전을 받는 또 다른 옵션입니다. ### 주요 기능 개요 💹 [거래](/korean/platform-functions/undefined-1) : 최대 100x 레버리지 defi FX perps 및 50x 레버리지 BTC & ETH 거래 💱 [변환](/korean/platform-functions/convert) : 스팟 FX 및 $FOREX 스왑을 위한 최적화된 안정화 루팅 🏛 [대출](/korean/platform-functions/mint): ETH 담보를 사용하여 다양한 통화의 안정화 동전(fxTokens)을 발행 💲 [벌기](/korean/platform-functions/stake): #realyield와 보상을 얻기 위해 FOREX 및 fxTokens를 스테이킹하고 입금 ​ 🌉 [다리](/korean/how-to-guides/bridge): Arbitrum에서 Ethereum으로 토큰 이동 및 되돌리기 # 거래 FX, 암호화폐 및 기타 합성 자산에서 레버리지 파생 상품 거래 레버리지 거래는 대출받은 자금으로 구매력을 높이기 위해 다양한 자산 클래스를 거래하는 방법입니다. 레버리지 거래에서는 거래자들이 대출받은 자금으로 주식과 같은 자산을 마진으로 사기 위해 사용합니다. 레버리지 거래는 투자 수익률이 돈을 빌리는 데 드는 비용보다 높을 때만 성공할 수 있습니다. [handle.fi](http://handle.fi)에서 레버리지로 거래할 때, 본질적으로 hLP로부터 자금을 빌려 자본만으로는 할 수 없는 더 큰 포지션을 열게 됩니다. 사용할 수 있는 레버리지의 양은 거래하는 자산에 따라 다릅니다. 레버리지를 더 많이 사용할수록 담보로 내려야 하는 마진이 줄어듭니다. {% hint style="info" %} 거래 방법에 대한 완전한 튜토리얼은 이 [가이드](https://docs.handle.fi/the-platform/trade/how-to-trade)를 참조하십시오. {% endhint %} ### 영구 선물 영구 선물은 만료나 결제가 없는 선물 계약입니다. 영구 선물은 암호화폐 거래에서 널리 사용되는 파생 상품의 일종입니다. 거래자들이 만료되는 계약을 계속해서 롤오버할 필요 없이 암호화폐를 사고팔 수 있게 해줍니다. 레버리지 거래를 위한 단기 거래 수단으로도 사용될 수 있으며, 롱 또는 숏으로 갈 수 있습니다. 롱 간다는 것은 가격이 상승할 것으로 예상하고 자산을 사는 것을 의미하며, 숏 간다는 것은 가격이 하락할 것으로 예상하고 자산을 파는 것을 의미합니다. {% hint style="info" %} 거래 데이터와 분석을 보려면 를 방문하십시오. {% endhint %} # 자산 handle.fi에서 거래되는 모든 자산은 합성 쌍입니다. ### 가격 결정 오라클은 분산형 영구 교환에 대한 지원을 제공하여 실제 세계 데이터에 액세스 할 수 있게합니다. 이 데이터는 거래소에서 거래되는 기본 자산의 가격을 계산하는 데 사용됩니다. 오라클이 없으면 handle.fi는 정확한 가격을 제공할 수 없어 신뢰할 수 없고 사용할 수 없게됩니다. 거래를 위해 handle.fi는 고속 오라클인 H2SO (handle 고속 오라클) 시스템을 사용합니다. H2SO 시스템을 사용하면 최종 사용자가 견적된 가격과 함께 신뢰할 수 있는 서명을 제출하여 오라클 집계 계약에서 가격을 직접 업데이트 할 수 있습니다. H2SO 동적 가격결정을 사용하면 가격 영향 거래에서 DEX에서 흔히 발생하는 슬리피지를 제거 할 수 있습니다. ### 암호화폐 handle.fi는 현재 최대 50배의 레버리지로 2개의 암호화폐 쌍에 대한 거래를 활성화했습니다. 제공되는 쌍은 다음과 같습니다: * BTC/USD * ETH/USD 암호화폐 시장은 24/7로 항상 열려 있어 원하는 때마다 거래할 수 있습니다. GMX와의 파트너십을 통해 GLP 유동성을 handle.fi에 통합 할 수 있었습니다. v2 합성 perps가 구축 될 때까지 모든 거래는 GMX 풀을 통해 라우팅됩니다. handle.fi 사용자에게의 이점은 더 깊은 유동성과 암호화폐 거래에 대한 10% 할인입니다. GMX에 대한 자세한 정보는 다음을 참조하십시오: ### 외환 handle.fi는 현재 최대 100배의 레버리지로 8개의 외환 쌍에 대한 거래를 활성화했습니다. 제공되는 쌍은 다음과 같습니다: * *AUD/USD* * *EUR/USD* * *GBP/USD* * *USD/CAD* * *USD/CHF* * *USD/CNY* * *USD/JPY* * *USD/SGD* 외환 시장은 24/5로 거래되며 일요일 오후 5시 ET (뉴욕 시간)에 시작되어 금요일 오후 5시 ET (뉴욕 시간)에 종료됩니다. # 무역 방법 이 튜토리얼은 handle.fi에서 거래를 여는 방법을 안내하며 기능에 대한 이해를 제공합니다. 아직 지갑을 handle.fi에 연결하지 않았다면 이 [가이드](/korean/platform-functions/undefined)를 사용하세요. ### 거래 데스크
### 비디오 튜토리얼 {% embed url="" %} 단기 fxAUD/ USD 거래 설정 {% endembed %} ### 거래 시작하기 1. 레버리지 포지션을 열고 싶은 시장을 결정했으면, 주문 데스크의 드롭다운에서 선택하세요.
2. 시장을 선택했으면 이제 거래하고자 하는 방향을 결정해야 합니다: 롱(구매) 또는 숏(판매). | 방향 | 자산 가격 상승 | 자산 가격 하락 | | -- | -------- | -------- | | 롱 | 이익 | 손실 | | 숏 | 손실 | 이익 | 3. 그 후에는 거래에 대한 매개변수를 설정해야 합니다: 1. **포지션 크기**: 거래하는 계약 수를 나타냅니다. 거래를 시작하기 전에 포지션 크기를 결정하는 것이 중요합니다. 이는 위험과 보상에 영향을 미칠 것입니다. 참고: 오른쪽 상단의 유동성은 사용 가능한 최대 유동성량입니다. 2. **레버리지**: 거래 크기를 증가시키기 위해 빌린 자금을 사용하는 것으로, 변동성을 증폭시킵니다. 3. **담보**: 포지션이 청산될 경우 당신이 부담하는 총 위험입니다. 담보는 = 포지션 크기 / 레버리지이며 자동으로 계산됩니다.\ \ 예: 20배 레버리지로 $10,000 포지션을 취하기로 결정했다면 $500의 담보를 제공해야 합니다.\ \ 담보를 제공할 때 드롭다운 목록에서 선택할 수 있는 다양한 자산 중에서 선택할 수 있습니다. 4. 거래를 실행하기 전에 거래와 관련된 모든 세부사항을 이해하는 것이 중요합니다:
1. **진입 가격**: 그 시점에서 자산의 현재 가격입니다. 2. **마크 가격**: 영구 선물 계약의 현재 추정 공정 가치입니다. 시장 변동성이나 차입률과 같은 여러 가지 이유로 진입 가격과 다를 수 있습니다. 3. **청산 가격**: 이는 담보 금액이 거래 손실에 거의 동일해지는 가격입니다. 당신의 담보 - 손실 - 차입 수수료가 포지션 크기의 1% 미만일 때 거래는 종료됩니다. 손실과 수수료를 공제한 후 남은 담보는 계정으로 반환됩니다. 청산 매개변수에 대한 자세한 정보는 [여기](/korean/platform-functions/fees)에서 확인할 수 있습니다. 4. **수수료**: 거래를 개시하는 비용으로 USD로 견적됩니다. 정확한 수수료에 대한 자세한 내용은 [여기](/korean/platform-functions/fees)에서 찾을 수 있습니다. 5. **차입률**: 레버리지 트레이더에게 기본 자산을 대여하는 프로토콜에 의해 부과되는 수수료입니다. 이 비율은 토큰 이용률에 기반하며 반대편인 HLP에게 지불됩니다. 차입률은 시장에 드나드는 트레이더들의 결과로 계속 변동되므로 현재 비율을 인지하고 있어야 합니다. 이 수수료는 매 시간 6. 마켓에서 '구매/판매'를 누르고 진행하면 확인 팝업에 도달하게 됩니다. 거래 세부 사항이 정확한지 확인한 후 거래를 확인하고 거래가 체결됩니다.
### 거래 관리 거래를 개시한 후에는 '포지션' 탭에서 거래를 표시하고 여기에서 거래를 관리할 수 있는 몇 가지 옵션을 제공합니다.
* ![](/files/LMIK70J7lOL3S4YCOfGk) **거래 공유하기**: handle.fi는 이 옵션을 선택함으로써 소셜 미디어에 거래를 공유할 수 있게 해 줍니다. 이는 당신의 성취를 강조하는 이미지를 생성할 것입니다:
* ![](/files/EUVxGDQVzxGrUpukXMew)**포지션 수정**: 이것은 포지션 레버리지를 조정함으로써 거래의 매개변수를 조정할 수 있게 해 줍니다. 더 많은 담보를 입금하거나 출금함으로써 당신의 레버리지가 조정됩니다. 더 많은 담보를 입금하면 포지션의 레버리지가 줄어들고, 더 많은 담보를 출금하면 레버리지가 증가합니다. 창은 제안된 레버리지 변경의 세부 사항과 그것이 담보와 청산 가격에 미치는 영향을 표시할 것입니다.
* ![](/files/KHag0XzRLwyBIfcMo3eM)**포지션 종료**: 거래를 전체적으로 또는 부분적으로 종료하려면 '종료' 옵션을 선택합니다. 종료를 결정한 후 몇 가지 선택을 해야 합니다:
1. **종료 금액**: 전체 거래를 종료하고 싶다면 '최대'를 선택하여 이를 완료하세요. 부분적으로 종료를 원한다면 종료하고자 하는 금액을 입력하세요. 2. **레버리지 상자**: 부분적으로 종료하는 경우 기존 레버리지 비율을 유지하는 옵션이 있습니다. 이 옵션을 체크함으로써 당신은 포지션을 종료하고 해당하는 담보 금액을 출금하게 됩니다. 3. **토큰 수령**: 지원되는 통화 중 하나로 토큰을 받을 수 있는 독특한 능력이 있습니다. 전체 목록은 [여기](/korean)에서 확인할 수 있습니다. # convert exchange between multicurrency stablecoins {% hint style="success" %} try [**convert**](https://app.handle.fi/convert) now to easily purchase **$FOREX** tokens {% endhint %} handle convert allows users to easily and rapidly trade between our multicurrency stablecoins (fxTokens). **convert also supports a wide range of other tokens, including our protocol token $FOREX.**\ \ users can convert tokens on both [Arbitrum](https://arbitrum.io/) and [Ethereum](https://ethereum.org/en/), via desktop or our mobile application. if there is a token you are looking for enter the address or symbol in the search bar. \ \ **on desktop**
**on mobile**
# how to convert This tutorial will walk you through how to convert assets on handle.fi while providing you with an understanding of the features. if you haven't already **connected** your wallet to handle.fi use this [guide](broken://pages/6DQJU9EDe9yZVinteble). ### convert desk

convert portal

### video tutorial {% embed url="" %} convert fxUSD into fxAUD {% endembed %} ### convert an asset 1. select which asset you wish to convert from. the dropdown menu will include all the tradable assets in your wallet and include balance details. through the search box you are able to view or get pricing on any asset listed on arbitrum by entering the token address, symbol or name.
2. after choosing which asset to convert out of then you need to select which asset to convert into. in a similar way you can choose any asset listed on arbitrum to convert into. 3. once you've selected the conversion you wish to make then you need to get a quote on the amount you decide to swap. on display will be the amount you are expected to receive from the trade. the asset to asset rate is also viewable as well as the $USD value difference between the two amounts. this figure is derived from [coingecko ](https://www.coingecko.com/)prices so it's accuracy is at the discretion of their price feeds.
4. final step is to hit review and confirm all the transaction details. from there then you need to select convert on the pop up, sign the transaction in your wallet and then you should see a confirmed transaction.
# borrow mint fxTokens using ETH and more.. participants which use handle.fi borrow mechanism can mint a range of **fxTokens** through the use of an over collateralised debt position. the individual collateralized debt positions are called vaults. users lock up collateral to an [fxToken vault](https://docs.handle.fi/the-platform/vaults) and may issue a range of handle.fi's **fxToken** stablecoins to their address. initially accepted collateral will be ETH however over time additional collateral will be added; including a range of ERC20 tokens and later, the platform's own $FOREX token. {% hint style="info" %} collateral ratio or c-Ratio is a measure of the amount of collateral that is required to borrow a certain amount of money. it is calculated by dividing the total amount of collateral by the total amount of outstanding loans. {% endhint %} **initial proposed fxTokens that can be minted are:** * fxUSD - United States Dollar. * fxAUD - Australian Dollar. * fxCNY - Renminbi. * fxEUR - Eurodollar. * FxJPY - Japanese Yen. * fxKRW - Korean Won. * fxCHF - Swiss Franc. * fxSGD - Singapore Dollar. **a protocol fee of 0.0% is charged to mint fxTokens.**
there are some important metrics to be aware of when electing to open up a vault. they are: * **minimum collateral ratio (c-Ratio/ CR):** in order to ensure each fxToken of debt is appropriately backed the amount of debt issued needs to be managed relative to the collateral posted. the **minimum c-ratio in order to mint fxTokens is 200%.** more information about min c-ratio and how liquidations work can be found [here](https://docs.handle.fi/the-platform/liquidations). * **interest rate:** the rate is currently set at 0.40% for all fxTokens. the rate is variable and determined by the DAO. * **liquidation fee:** when a c-Ratio falls below the [liquidation](https://docs.handle.fi/the-platform/liquidations) threshold then a fee is charged out of the vault issuer's collateral. the fee is currently 10% and is determined by the DAO with 50% going to fxKeeper pool & 50% to the protocol. [rewards ](https://docs.handle.fi/rewards/rewards)will accrue to fxToken minters, but only for users that maintain a c-Ratio greater than their vault's required minimum c-Ratio. {% hint style="info" %} for a complete tutorial on how to make a loan see this [guide](https://docs.handle.fi/how-to-guides/use-key-functions/mint) {% endhint %} # CDP vaults and collateral vaults and acceptable assets to secure the minting of fxTokens 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 [liquidation](https://docs.handle.fi/the-platform/liquidations). 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'.

# CDP liquidations vault liquidation to ensure maintenance of system c-Ratios as a collateral backed debt issuance platform, it is important that vault and system collateral is maintained at appropriate levels to back any fxToken debt; ensuring each remains representative of their underlying currencies face value.\ \ the core principles, underpinning the protocol liquidation process are; * if the collateral value, or c-Ratio, of a vault falls below its **minimum c-Ratio**, that vault is deemed to be 'at risk' or "underwater'. In this state it can be subject to a 1:1 redemption call on its collateral by fxToken holders. * this mechanism ensures that in the case an fxToken trades at a discount to its face value, an arbitrage opportunity exists, thus creating an incentive to drive it back to parity. {% hint style="info" %} \*only collateral from vaults that have a current c-Ratio < min c-Ratio can be redeemed against. redemption contraction can be accessed through [arbiscan](https://arbiscan.io/address/0xb67f86850d3ee15f3e844d5e987da5712cb589d3). {% endhint %} * if a vault's c-Ratio falls below its **liquidation trigger** it will automatically be subject to a **liquidation process** to repay excessive debt and bring the collateral ratios back to acceptable limits. * handle.fi makes use of its [fxKeeper pools](https://docs.handle.fi/liquidations/keeper-pools) to ensure that liquidation is promptly triggered and executed. {% hint style="info" %} vaults are liquidated when the **c-Ratio falls below 160%** {% endhint %} ### the liquidation process 1. when a vault falls below it's c-Ratio liquidation trigger, liquidation begins. 2. sufficient vault collateral is sold (largest position to smallest holdings) to repay enough fxToken debt and return the c-Ratio to its required minimum plus a 10% buffer. 3. a [liquidation fee](https://docs.handle.fi/fees) is the charged to the vault being liquidated. this fee is disbursed to protocol and the relevant fxKeeper pool that funded the liquidation.\ \ \*any accrued $FOREX rewards for that vault are forfeited; transferred to the fxKeeper pool and protocol.
# fxKeeper fxToken liquidity pools for rapid vault liquidations
establishment of protocol controlled **'**[**fxKeeper**](https://app.handle.fi/earn)**'** pools allows for the rapid execution of [**CDP vault liquidations**](https://docs.handle.fi/liquidations) in the instance they become under collateralised and breach their [liquidation trigger](https://docs.handle.fi/definitions). \ \ fxKeeper pools contain fxToken assets staked by ecosystem participants.\ \ staked fxTokens are used for the purchase of liquidated vault collateral, and repayment of that vault's fxToken debt.\ \ fxKeeper pool stakers receive a share of any vault liquidation profits in **ETH**, as well as [**FOREX**](https://docs.handle.fi/tokens-and-governance/forex-tokens) rewards, which can be boosted based upon a users veFOREX balance. \*a[ **liquidation fee**](https://docs.handle.fi/fees) is charged on the vault that is called for redemption. > to start earning returns from protocol CDP liquidations [**click here**](https://app.handle.fi/earn) ### fxKeeper reward ecosystem staking is single sided, so there no risk of [impermanent loss](https://docs.handle.fi/the-platform/definitions), and depositors receive both a share of liquidation profits and FOREX rewards.\ \ a step by step approach to providing **fxKeeper** pool liquidity and earn $FOREX rewards:
# repay repay fxTokens to release staked collateral participants can unlock all or a portion of their vault collateral by repaying fxToken debt.
this is done by burning fxTokens when you repay the debt in your [vault](https://app.handle.fi/vaults/multi/fxAUD/0x9A1B8688137dDbC67c3Be27BBD52f648Bc88B28c). after repaying your debt you will be able to withdraw your collateral. at all times debt must be above 100 so if you wish to do a partial repayment keep in mind there will be an error if the remaining debt is less then 100. \*a protocol fee of 0.0% is charged to burn fxTokens, withdrawn from a users vault collateral upon each burn. # how to borrow borrow in multi-currency stablecoins by minting fxTokens the purpose of this guide is to provide a tutorial on how to deposit collateral into a vault and then mint fxTokens against it. fxTokens can be used throughout **handle.fi** to hedge, speculate or make payments. ### borrow dashboard
the dashboard displays a number of useful metrics that you can use to your advantage: * **collateral ratio** or **c-Ratio** or **CR**: is a measure of the amount of collateral that is required to borrow a certain amount of money. it is calculated by dividing the total amount of collateral by the total amount of outstanding loans. the **minimum c-ratio in order to mint fxTokens is 200%.** * **interest rate:** the rate is currently set at 0.40% for all fxTokens. the rate is variable and determined by the DAO. * **debt**: the amount of the outstanding loan in your denominated fxToken currency. * **collateral value**: the amount of collateral you have posted to your vault in terms of your denominated fxToken currency. * **liquidation price**: the price at which your c-ratio falls below 160% and will begin to be liquidated. * **deposits:** this will display all the necessary information about the assets which you have deposited into your vault such as asset type, amount and value. {% hint style="warning" %} make sure you understand all the mechanics of opening up a [CDP](https://docs.handle.fi/the-platform/key-functions/mint/vaults) before undertaking the process. {% endhint %} ### video tutorial {% embed url="" %} borrow fxAUD against stETH {% endembed %} ### initiating a loan 1. select which asset you wish fxToken you wish to take out as a loan. the dropdown menu will include all the borrowable currencies available. 2. next step is to select **borrow** from your three options; borrow, [repay](https://docs.handle.fi/the-platform/key-functions/mint/burn) & withdraw. this will be the only possible selection if you don't currently have any open vaults. 3. then select the asset you wish to **deposit** into the vault to borrow against. we are currently adding more assets to accept for collateral in a vault. the current assets handle.fi accepts are: * ETH/ wETH * [wstETH](https://lido.fi/ethereum) 4. select the desired amount of fxToken you wish to borrow. you may enter the value manually or select the 'MAX' function in the box. the 'MAX' function will provide the maximum new fxTokens to mint based on your pre-existing collateral if your c-ratio > 200% OR the value of total collateral in your wallet at the minimum c-ratio of 200% (or whichever is higher if a user has already provided a value in the field prior to selecting MAX). 5. once an amount of fxToken is selected then your c-ratio will update and any additional collateral required to achieve the minimum c-ratio of 200% will displayed below. the price and value of the required collateral in the denomination of the fxToken will also be displayed. 6. you may increase the amount of collateral required to achieve a [c-ratio](https://docs.handle.fi/the-platform/key-functions/mint) > 200% if you want additional margin against unfavourable price movements in the underlying collateral. you may adjust your collateral in the 'amount' box or by sliding the 'CR%' bar (noting the minimum of 200%). 7. confirm all the details of your vault are correct and proceed by selecting the 'borrow' bar. # earn provide protocol liquidity and earn rewards fxToken and FOREX holders will be able to stake tokens across [**governance**](https://docs.handle.fi/tokens-and-governance/governance-staking-veforex), [**liquidity**](https://docs.handle.fi/the-platform/pool) and [**fxKeeper**](https://docs.handle.fi/the-platform/pool/keeper-pools)**;** [earning protocol fees and FOREX rewards](https://app.handle.fi/earn).
there are three different categories which you can utilise to earn rewards & fees. they play different roles in the handle.fi ecosystem and therefore their requirements differ: * [**governance**](https://docs.handle.fi/high-priority/governance-staking-veforex) - contribute to decisions about the future of handle.fi and be rewarded by receiving a share of trading fees. this is done by [acquiring veFOREX](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex). * [**liquidity**](https://docs.handle.fi/the-platform/pool) - in return for providing and locking up capital to one of our liquidity pools users will receive protocol fees and additional rewards specific to the pool they contribute to: * [**handle Liquidity Pool - hLP**](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp) * [**external Liquidity Pools**](https://docs.handle.fi/the-platform/pool) * [**fxKeeper**](https://docs.handle.fi/the-platform/mint/keeper-pools) - as compensation for the rapid execution of CDP vault liquidation [fxKeeper](https://docs.handle.fi/the-platform/mint/keeper-pools) pools receive a share of any vault liquidation profits in ETH, as well as FOREX rewards. # how to earn this guide will outline how to use the[ earn](https://docs.handle.fi/the-platform/stake) functions. earn allows you to get rewarded through protocol fee and additional tokens for participating in a required task. the focus of this tutorial will be how to obtain[ hLP](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp) and earn trading fees. ### earn dashboard
### video tutorial {% embed url="" %} ### how to earn 1. **navigate** to the [earn](https://docs.handle.fi/the-platform/stake) tab which can be found on the upper menu. 2. the three options which you have in the earn section are: * [**governance**](https://docs.handle.fi/high-priority/governance-staking-veforex) - contribute to decisions about the future of handle.fi and be rewarded by receiving a share of trading fees. this is done by [acquiring veFOREX](https://docs.handle.fi/high-priority/governance-staking-veforex/obtain-fxusd-forex-bpt-and-lock-for-veforex). * [**liquidity**](https://docs.handle.fi/the-platform/pool) - in return for providing and locking up capital to one of our liquidity pools users will receive protocol fees and additional rewards specific to the pool they contribute to: * [**handle Liquidity Pool - hLP**](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp) * [**external Liquidity Pools**](https://docs.handle.fi/the-platform/pool) * [**fxKeeper**](https://docs.handle.fi/the-platform/mint/keeper-pools) - as compensation for the rapid execution of CDP vault liquidation [fxKeeper](https://docs.handle.fi/the-platform/mint/keeper-pools) pools receive a share of any vault liquidation profits in ETH, as well as FOREX rewards. for this tutorial **select liquidity** as we are looking to acquire hLP. 3. **select handle Liquidity Pool - hLP** then **select deposit** which will direct you to a convert page where hLP is the destination of the transaction. On this screen you can also view what hLP is currently made up of and if you view the hLP breakdown then the utilisation & current/ target weights are provided. more on the mechanics of hLP are available [here](https://docs.handle.fi/the-platform/handle-liquidity-pool-hlp).
4. in the dropdown for the from section **select the token** you want to use to swap into hLP with. the dropdown list will automatically show the tokens which you have in your wallet but if you would like to view the price of any other token then you may search for it by entering the address or the symbol/ name. 5. **enter how many tokens** you wish to sell in the amount section or select max if you wish to convert your entire holding. 6. once your price has been processed select review then **confirm the details** of your trade by selecting convert in the pop up. you should now be the holder of hLP and will start earning a share of protocol fees. {% hint style="info" %} once you acquire hLP it is automatically staked and earns protocol fees. you will be able to track your rewards on the liquidity page in earn. by selecting claim rewards you will be able to receive your share of the protocol fees in your wallet. {% endhint %} ### # bridge move tokens easily and rapidly across chains the handle multichain bridge, allows users to easily and rapidly move **FOREX** and **fxTokens** across Ethereum and Arbitrum.
for instructions on how to bridge tokens [click here](/korean/how-to-guides/bridge) # liquidity pools provide fxToken liquidity to earn rewards holders of both $FOREX and fxTokens can earn protocol fees and additional[ rewards](https://docs.handle.fi/rewards/overview) by providing liquidity to a range of liquidity pools.
handle Liquidity Pool/pages/0LVyxL1Do36Ff2ijHp46/files/U4GjzvsV4WD2OWR07Ynm
fxKeeper Pools/pages/-MWHfCTHn_7Hf0nXo55C/files/GjLe2efgmXMN4W8PT6qe
curve handle3pool/pages/UAUXIbhv17YSpONnxpR4/files/iYLbrKzQztKHTzDaooLx
curve handleFRAXBPhttps://docs.handle.fi/the-platform/pool/curve-fraxbp/files/iYLbrKzQztKHTzDaooLx
# curve handle3pool users can provide liquidity to the [**curve.fi**](https://arbitrum.curve.fi/factory/12/deposit) **handle3pool** to earn a share of the pool trading fees PLUS by staking their LP tokens also earn FOREX rewards.\ \ the handle3Pool comprises assets: fxUSD + 2CRV (USDC + USDT)\ \ to start earning fees + rewards users should; 1. deposit selected assets to the handle3pool at \ \ users will receive the [curve LP token](https://arbiscan.io/token/0xd0dd5d76cf0fc06dabc48632735566dca241a35e) for depositing these assets\ \ \*at this point users will start earning LP fees.
2. **in order for users to earn bonus FOREX rewards:**
1. go to and select "liquidity" pools 2. deposit/stake their LP tokens
# curve handleFRAXBP users can provide liquidity to the [**curve.fi**](https://arbitrum.curve.fi/factory/12/deposit) **FRAXBP** to earn a share of the pool trading fees. it is currently the most liquid pool encompassing the majority of fees.\ \ the FRAXBP comprises assets: fxUSD + FRAX + USDC\ \ to start earning fees + rewards users should; 1. deposit selected assets to the handle3pool at \ \ users will receive the [curve LP token](https://arbiscan.io/address/0xab174ffa530c888649c44c4d21c849bbaabc723f) for depositing these assets\ \ \*at this point users will start earning LP fees.
# FOREX pools ### Arbitrum {% tabs %} {% tab title="Balancer" %} | **trading pair** | [FOREX/fxUSD (80/20)](https://arbitrum.balancer.fi/#/pool/0x4f14d06cb1661ce1dc2a2f26a10a7cd94393b29c000200000000000000000097) | | ---------------- | ----------------------------------------------------------------------------------------------------------------------------- | | **Pool** | | | {% endtab %} | | | {% endtabs %} | | ### Ethereum mainnet {% tabs %} {% tab title="Uniswap" %} | **trading pair** | ETH/FOREX **(limited liquidty)** | | ---------------- | ----------------------------------------------------------------------------- | | **Uniswap Pool** | | {% endtab %} {% endtabs %} {% hint style="danger" %} always check that you are trading with the FOREX contract\ \ [**0xdb298285fe4c5410b05390ca80e8fbe9de1f259b**](https://etherscan.io/token/0xdb298285fe4c5410b05390ca80e8fbe9de1f259b) {% endhint %} # fxToken - FX liquidity pools ### Arbitrum **ALL fxTokens** can be swapped with zero slippage\* at [**https://app.handle.fi/convert**](https://app.handle.fi/convert) utilising the [**handle Liquidity Pool - hLP\*\***](https://arbiscan.io/address/0x1785e8491e7e9d771b2a6e9e389c25265f06326a) or the following AMMs: * fxUSD via [**curve.fi - handle3pool (fxUSD-USDC-USDT)**](https://arbitrum.curve.fi/factory/12) * fxUSD via [**curve.fi - handleFRAXBP (fxUSD-FRAX-USDC)**](https://arbitrum.curve.fi/factory/75/deposit) * fxEUR via [**curve.fi - handleEUR (fxEUR-EURS)**](https://arbitrum.curve.fi/factory/7) [**\*\*handle Liquidity Pool - hLP** ](https://arbiscan.io/address/0x1785e8491e7e9d771b2a6e9e389c25265f06326a)**-** powering leveraged FX trades and spot fxToken swaps\ \*subject to available liquidity ### **mainnet (limited liquidity)** fxUSD via [**curve.fi - handleUSD (fxUSD-USDC-FRAX)**](https://curve.fi/factory/157) fxEUR via[ **curve.fi - handleEUR (fxEUR-EURS)**](https://curve.fi/factory/61)\
# fees & collateral parameters summary of fees charged by the handle.fi protocol ### Introduction when using any of the services which handle.fi offers it is important to be aware of all the possible, fees, spreads and liquidation parameters. 1. [CDP vaults & collateral](#cdp-vaults-and-collateral) 1. [CDP fees](#cdp-fees) 2. [collateral parameters](#collateral-parameters) 2. [trade](#trade) 1. [opening a trade ](#opening-a-trade) 2. [trade fees](#trade-fees) 3. [liquidation](#liquidation) 3. [convert fees](#convert-fees) ### CDP vaults & collateral opening up a vault in order to be extended credit incurs fees initially and on a continual basis. it is also important to keep in mind **what the min c-Ratio is in order to avoid liquidation**. see the [borrow ](https://docs.handle.fi/the-platform/key-functions/mint)section for more information. {% hint style="info" %} minimum amount of debt you may take out at anytime is 100. this applies when you want to [repay](https://docs.handle.fi/the-platform/mint/burn) part of your debt and have less then 100 remaining. {% endhint %} #### CDP fees | action | fee | description | | -------------------------- | ---------- | ----------------------------------------------------------------------------------------------------- | | **mint (borrow)** | nil | added to the minted value of fxTokens. | | **burn (repay)** | nil | charged from user vault collateral. | | **deposit (collateral)** | nil | charged from user vault collateral. | | **withdraw** | nil | charged from user vault collateral. | | **liq. fee** | variable % |

charged from liquidating users vault collateral.
\*50% to fxKeeper pools, 50% to protocol.

| | **fxToken** **redemption** | | charged from user vault collateral. | | **int. rate** | 0.40% | added to users fxToken debt. | #### **collateral parameters**
collateralmin. C-Ratioint. rateliq.feeliq. c-Ratio
ETH200%0.40%12.5%160%
stETH200%0.40%12.5%160%
### trade as is common in the industry, **fees on leveraged trading are calculated on the total value of the position size** (leverage x collateral). #### opening a trade
asset class min.leverage max. leveragemin. collateral (USD)min. position size (USD)
cryptocurrency1.1x50x$5$5.50
forex1.1x100x$5$5.50
#### trade fees | fee type | amount | | ---------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **position fee** |

ETH,BTC - 0.10%
FX - 0.00%

| | **spreads** |
  • ETH, BTC - 0%
  • fxAUD - 0.01%
  • fxEUR - 0.01%
  • fxGBP - 0.01%
  • fxCAD - 0.01%
  • fxCHF - 0.05%
  • fxCNY - 0.10%
  • fxJPY - 0.01%
  • fxSGD - 0.10%
| | **funding fee** | asset utilisation \* 0.01% / h | #### liquidation all positions which are placed on handle.fi will be liquidated if one of the liquidation triggers are reached. a position will go through the liquidation threshold if either the leverage of the position is above the max. leverage or below the min. collateral. be aware that your collateral is calculated continuously and is equal to your initial collateral less your losses and fees. | collateral | max. leverage | min. collateral | | ------------------ | ------------- | --------------- | | **cryptocurrency** | 100x | $5 | | **forex** | 110x | $5 | ### **convert fees** | asset pair | convert fee | | ----------------------------------------- | ----------- | | **fxToken -fxToken, ETH** | 0.00% | | **same currency stablecoin - fxToken** | 0.04% | | **multicurrency stablecoin(non fxToken)** | 0.10-0.30% | | **to any other ERC20** | 0.30% | {% hint style="warning" %} initially all fees and system parameters will be set by handle.fi DAO governance. \ \ a move to algorithmically controlled fee and parameter mechanisms is planned to be implemented in future protocol upgrades. {% endhint %} # protocol fee distributions protocol fees will be generated across interest and liquidation fees, trading fees, mint and burn costs and later our **protocol controlled treasury** program. fee revenues will accrue to the **protocol fee pool** and be used for; * on market purchases of FOREX tokens for further rewards distributions. * ongoing protocol and ecosystem development. * protocol stability programs. the **protocol fee pool** is controlled by the **handle DAO** # definitions **fxToken:** fungible instrument representing a debt denominated in the specific currency of that fxToken. **collateral:** any asset used to secure the minting of an fxToken. **minting:** creation of a representative fxToken and associated debt. **c-ratio =Collateral Ratio.** **=** total value of lodged **collateral** as a % of **fxToken** debt \= **collateral** value /**fxToken** loan amount\ \ \= 1/**LVR** **Loan to Value Ratio (LVR) = fxToken** loan as a % of **collateral value**\ \ \= **fxToken** loan/**collateral** value\ \ (also called ‘Mint Ratio’ MR)\ \ **burning:** destruction of **fxTokens** representing partial of full repayment of the collateralised loan\ \ **collateral metrics:** the risk metrics specific to collateral types. assigned to manage collateral specific lending risk and requirements **impermanent loss**: is a temporary loss of funds that can occur when providing liquidity to an automated market maker (AMM) platform. It is often explained as the difference between holding an asset versus providing liquidity in that asset.\ \ **vaults:** representation of locked collateral that **fxToken** loans are issued against. vaults contain 1 to n collateral types. **vault ratios:** a combination of the individual **collateral metrics** for assets deposited to a vault. \ \ **liquidation:** sale of part or all vault **collateral** to restore vault ratios to minimum acceptable limits.\ \ **liquidation trigger:** the c-Ratio (max **LVR**) at which the **collateral** liquidation process begins.\ \ **liquidation fee:** % fee charged to a vault liquidate part or all of lodged **collateral.**\ \ **stability fee:** % interest rate applied to asset used as collateral for minting of fxTokens. **utilisation rate:** measures how much of the asset is being used by traders. it is worked out = assets borrowed / total assets in pool. # overview an introduction to handle.fi protocol rewards rewarding ecosystem participants for accretive actions is a critical component for any protocol design. to that end, the handle.fi protocol contains a range of incentives intended to drive fxToken creation, liquidity and exchange, and ongoing ecosystem stability. rewards will distributed to users through the ecosystem token; FOREX, with veFOREX forming a cornerstone of the protocol rewards program. Initially, FOREX rewards may be distributed to participants for; * **depositing collateral** and **minting** fxTokens * **trading** or **converting** via the protocol * **liquidity provision** on **hLP** or external trading pools * [**fxKeeper** ](https://docs.handle.fi/the-platform/key-functions/mint/keeper-pools)liquidity pool stakers * **governance** pool participation via veFOREX * platform accretive actions via our [**PIEs**](https://docs.handle.fi/rewards/protocol-incentive-experiments) and [**quests**](https://app.gitbook.com/o/-MiswpCSPU5ZH4S1SDDG/s/-MUR8MivZ356lgVw_jq_-887967055/~/changes/1483/rewards/quests) * protocol **referral rewards** program our [**PEPs**](broken://pages/K6lwV3qwTMYsqg1LJzij) will also provide users, easy to follow, steps to maximise both their protocol contribution and rewards. ![handle.fi rewards flow](/files/RSeaWKC7yY23hOFZFozP) # referral program the handle referral program allows **referrers** to introduce new users to the protocol and earn an ongoing % of the fees generated by that referred user; rebated as FOREX. {% hint style="info" %} initially **only approved referrers** will be able to participate - applicants should dm via [discord ](https://discord.gg/77WDThbZJ4)to obtain their referral link {% endhint %} referral **rebates** are applicable to a wide range of protocol fee categories (and in time will be explicitly linked to, and benefit from, a referrers veFOREX balance) initially referral rebates will be paid based on; * trade open and close fees, * hLP swap fees *coming soon hLP fees, more convert routes & fxToken loans* referral payouts are; * referred trader receives 5% on top of any base rebates * referrer receives 5% of referred trader fees all rebates accrue immediately as user fees are collected and are also claimable immediately {% hint style="success" %} to register a new users address as referred, the user must open a trade **from an address unused on the handle protocol** - and from that point onwards that address will be assigned to that ref link & referrer. {% endhint %} **additionally,** 1. opportunities for bespoke and DAO specific rebates and referrals may be implemented, [dm us on discord to find out more](https://discord.gg/77WDThbZJ4). 2. There is weekly max cap on total rebates and referral fees to be set at 50,000 FOREX - reviewed weekly. {% hint style="danger" %} if the handleDAO detects any manipulation - **immediate** cancellation of any refeerral benefits will apply {% endhint %} # quests complete tasks in order to earn rewards and contribute to handle.fi handle.fi has partnered with [Zealy ](https://zealy.io/c/handlefi/questboard)in order to build our community participation and protocol growth while rewarding our members. {% hint style="info" %} the link to the handle.fi quest page on Zealy can be found[ here](https://zealy.io/c/handlefi/questboard). {% endhint %} we update the quest page often so be sure to keep up to date through [Discord](https://discord.com/invite/nbSdYCDGhh). community members can earn rewards for a variety of activities, such as: * participating in community discussions * creating content * helping to moderate the community * completing quizzes * using handle.fi to earn rewards on [Zealy](https://zealy.io/c/handlefi/questboard), you first need to create an account and connect your wallet. once you have done that, you can start completing quests. # Protocol Incentive Experiments (PIEs) exploring ecosystem growth incentive models {% hint style="info" %} most PIEs have been deprecated and transitioned to [Zealy](https://zealy.io/c/handlefi/questboard) so please check before completing PIEs. There is more information about Zealy quests [here](https://app.gitbook.com/o/-MiswpCSPU5ZH4S1SDDG/s/-MUR8MivZ356lgVw_jq_-887967055/~/changes/1483/rewards/quests). {% endhint %} one of the primary reasons for adding tokenomics to any protocol design is to create incentives to drive and maintain protocol growth and success liquidity mining rewards is now a staple of DEFI, and bounties are also commonly used.\ \ so, in addition to platform rewards, handle.fi will be exploring a range of Protocol Incentive Experiments, or PIEs designed to further incentivise protocol users to contribute to and benefit from any protocols success [**PIE #1** - retweet community content to earn $FOREX](https://docs.handle.fi/rewards/protocol-incentive-experiments/incentive-experiment-1).\ [**PIE #2** - create **handle** memes to help grow community awareness](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-2-memes).\ [**PIE #3** - support the handle troop by adding (42,🦍) and win](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-3-weekly-bonus)!\ [**PIE #4** - produce rich content to explain and inform.](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-4-content-production)\ [**PIE #5**](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-5-referrer-program) - refer new members to our [**discord**](https://discord.gg/nbSdYCDGhh) community.\ [**PIE #6** - engage in community conversation and support](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-6-troop-participation-program).\ [**PIE #7**](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-7-convert-rewards)**\_b** - exchange tokens using [**handle convert** ](https://app.handle.fi/convert)and win $FOREX
{% hint style="info" %} **participants can record their contribution here:** \ \ {% endhint %} **all rewards can be viewed here:**\ \ # PIE #1 - retweets retweet project tweets and earn rewards {% hint style="danger" %} **status:** PAUSED 0630 UTC 24/2 ~~OPEN 10:00 UTC 22/2~~ {% endhint %} **social channel:** twitter **action:** verified retweet of approved tweet below 👇\ \+ endorsement statement or link to \+ #tagmi #troopersunite #fxtokens\ \+ must tag in 3 additional users **rewards:** 1. +20 $FOREX token reward for verified retweets on accounts < 250 followers (spam/bot abuse will be denied\*) 2. +50 $FOREX token reward for verified retweets on accounts > 250 followers. {% hint style="danger" %} **MUST BE ACTIVE APPROVED TWEET**\ \ **active approved tweet:**[ ](https://twitter.com/handle_fi/status/1438419138729299969?s=20)[**https://twitter.com/handle\_fi/status/1628293166855258112?s=20**](https://twitter.com/handle_fi/status/1628293166855258112?s=20) {% endhint %} {% hint style="warning" %} to be eligible for PIE #1 rewards; * single reward per user per tweet * must be approved and active tweet ONLY * must follow @handle\_fi on twitter\ \ \*accounts <250 followers will be approved by discretion to avoid bot and spam abuse. {% endhint %} \ \
# PIE #2 - memes production of usable handle.fi memes {% hint style="success" %} **status:** ACTIVE {% endhint %} **action:** meme creation **rewards:** each week we will draw 3 best memes to win **150 FOREX each.**\ \ **conditions:**\ memes must reference one or all of: * handle.fi, * \#troopersunite, #tagmi or * (42,🦍) {% hint style="info" %} * **user must post meme on twitter and follow @handle\_fi including** * \#troopersunite, #tagmi or * (42,🦍) {% endhint %} {% hint style="warning" %} \*in general , a handle logo just added to a picture - is not considered a meme. however we may exercise discretion in cases where we feel the spirit of the program is being adhered to. {% endhint %} \
# PIE #3 - bonus rewards bonus draw to accelerate your $FOREX rewards **PIE description:** weekly, on a randomly selected day we will draw one PIE contributor to receive a **FOREX BONUS.** {% hint style="success" %} **status:** ACTIVE {% endhint %} **actions:** verified [PIE #1](https://docs.handle.fi/rewards/protocol-incentive-experiments/incentive-experiment-1) , [PIE #2](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-2-memes) and PIE #4 contributions.\ \ **rewards:** winners will receive 2000 bonus FOREX. \*no winner draws - rewards carried forward to next draw! {% hint style="warning" %} \**Maximum of 1 win will be awarded per person!!* \*winner must follow [handle\_fi ](https://twitter.com/handle_fi)on twitter and display (42,🦍) on their twitter username. \*rewards will only be applied to actions that have been submitted via [google docs](https://forms.gle/AdaULTCvYPZco5XG7) , **verified as meaningful contributions (i.e. earned full rewards), and in the spirit of the competition.** {% endhint %}
# PIE #4 - content production earn rewards for producing protocol content **description:** in order to grow awareness of the project we are launching a rewards program for the production of content designed to inform, instruct and bring new troopers to the protocol. {% hint style="danger" %} **status:** PAUSED 11PM UTC 19 Sep 2021 {% endhint %} **requirements & rewards;**
topicvideobloginfographicdescriptionstatus
topicvideobloginfographicdescriptionstatus
how to add liquidity to sushiswap FOREX-WETH and earn rewards. 150100100
how to add liquidity to curve.fi EUR-EURs and earn rewards. 150100100
how to deposy fxTokens to fxKeeper pools and earn rewards150100100
how to stake FOREX 150100100
how to stake FOREX on ethereum mainnet150100100
how to borrow FOREX on ethereum mainnet150100100
how to borrow(mint) fxTokens on Arbitrum.150100100active
how to repay (burn) fxtokens and repay debt.150100100active
how to exchange between tokens using convert.150100100active
how to start earning FOREX rewards from PIE #1 150100100active
how to start earning FOREX rewards from PIE #3 150100100active
how to bridge handle assets to Arbitrum 150100100active
troopers can still submit any other content as it may still receive rewards if it is judged to be 'usable quality'! - **this includes original design moving images for 75 FOREX** if you have additional content production ideas, a large follower count you can share with, or any other ideas or suggestions, [**DM us in discord**](https://discord.gg/77WDThbZJ4) and we would be happy to explore. content can be in any language, though we will require additional verification, prior to assigning rewards. {% hint style="warning" %} \*to be eligible for max rewards [content must;](https://docs.handle.fi/rewards/protocol-incentive-experiments/pie-8-tge-rewards-boost) * use [handle colors, and fonts and logos](https://docs.handle.fi/media-assets), * contain identifier '@twitterusername community content', * \#troopersunite or #tagmi * address one of the topic requirements listed above, * deemed to be both 'usable' and brand consistent, {% endhint %} # PIE #5 - referrer program join the approved referrer program **description:** **approved\*** troopers can now earn $FOREX rewards for referring new users to our discord community. {% hint style="success" %} **status: ACTIVE** {% endhint %} **rewards:** * earn +5 $FOREX rewards for each new referred and **verified** discord user (using your unique invite link). {% hint style="info" %} **BONUS 500 $FOREX for each new 500 discord users referred!** {% endhint %} to participate in this program; **1.**dm us in [discord](https://discord.gg/77WDThbZJ4) at to introduce yourself, your community, or user growth ideas. **2. once approved**, create an invite link to either the **#start-here-first** channel or the **#announcements** channel.
**3.** ensure when creating your invite you set **Expire After** to "Never", and **Max Number** of Uses to "No Limit". ![](/files/-McBQ8boBcdpRjir2WSl) {% hint style="warning" %} YOU MUST ensure when creating your invite you set **Expire After** to "Never", and **Max Number** of Uses to "No Limit" {% endhint %} {% hint style="danger" %} **NO BOTS - if we find any abuse via bots, no rewards will be paid to that referrer.** {% endhint %} # PIE #6 - troop participation program earn rewards for helping our discord community {% hint style="warning" %} **status:** PENDING {% endhint %} **social channel:** discord **description:** we're always looking for new ways to reward our troopers for their contribution towards building a vibrant and active community.\ \ discord XP points are a great way to track one facet of these contributions, being engagement in community discourse. we have had this feature enabled for a while in our [discord channel](https://discord.gg/77WDThbZJ4), and very soon we will announce details of our troop participation program - where discord contributors, who earn XP levels will be rewarded with our governance token, FOREX.\ \ **rewards:**\ \ the current server leaderboard can be found at so get involved in the conversation and support your troop!! 🐵
# PIE #7\_b - convert & win convert and win prizes {% hint style="warning" %} **status:** PAUSED\ \ EPOCH 1: 13/9/22 12pm GMT+10- 20/9/22 12pm GMT+10 {% endhint %} **channel:** [app.handle.fi/convert](https://app.handle.fi/convert) [
](https://app.handle.fi/trade)\ **description:** the handle.fi platform allows users to convert tokens 1:1 on the Arbitrum & Ethereum, networks. {% hint style="success" %} all **eligible** participants will go into the draw to win 10,000 $FOREX and the right to mint a [t0-Trooper](/korean/protocol-rewards/t0-troopers-nft-series) of their own, with two lucky losers to win 2,000 $FOREX each. {% endhint %} **required actions:** 1. swap any token using [**handle convert**](https://app.handle.fi/convert), 2. register the details [**here.**](https://docs.google.com/forms/d/e/1FAIpQLSd3FJu819E1fouxCiN73pzCbZWsB5QLVf_sOdq6_zf4yJnG6Q/viewform) 3. **to be eligible user** MUST follow [**handle\_fi**](https://twitter.com/handle_fi) on twitter and display (42,🦍) on your username 4. tweet a link to 1. this PIE, and 2. app.handle.fi/convert\ \ **OR**, 3. retweet [**the announcement tweet**](https://twitter.com/handle_fi/status/1569513298680508416?s=20\&t=0qLF9UGzbE9RJULeDWvFLQ) {% hint style="info" %} users that **ALSO** provide valuable feedback receive additional 250 FOREX rewards {% endhint %} {% hint style="danger" %} this is a **MAINNET TEST** on Arbitrum, Ethereum. You are converting **REAL** tokens - only conduct converts you wish to.\ \ \***this feature is in beta release - BE CAREFUL!** {% endhint %} \ **Notes;** * ETH <=> WETH excluded from rewards. * minimum convert size $10 # NFT series: t0-Troopers limited edition trooper NFT series as a means of rewarding committed community members for their contributionswe have released our **NFT series: t0-Troopers** {% hint style="success" %} **only 210 t0-Troopers will ever be minted.** {% endhint %} ![t0-troopers](/files/-MhS7JbxMijpojLRyPwg) {% hint style="info" %} ALL owners will receive 100% trading fee rebates **in perpetuity**...that is, for as long as you own the t0-trooper..👀 additional holder rewards will be rolled out in the weeks and months ahead - stay tuned! {% endhint %} #### **t0\_Troopers** will be awarded by the handleDAO for a range of protocol contributions \ ✅ 21 have been allocated to the first users that TRADE in excess of 1m notional value\* via [http://app.handle.fi/trade](https://t.co/8m61kWlwo2).\ \ ✅ more opprotunities to earn a Trooper will be announced as they become relevant {% hint style="warning" %} if you have an idea how you would like to help the protocol succeed and earn a t0-Trooper, feel free to DM us anytime {% endhint %} **alternatively, if you dont want to wait, exisiting minted Troopers can be purchased at opensea** [**here**](https://opensea.io/collection/t0-troopers)

# founding trooper - FOREX coin to celebrate our impending main net launch and TGE milestone we're minting a limited supply **founding trooper FOREX coin. only 420 of these coins will ever be minted.**\ \ approved contributors to[ **handle.fi PIE'**](https://docs.handle.fi/rewards/protocol-incentive-experiments)s - up to **end 20th August 2021 UTC** will be eligible to claim one of these #foundingtrooper coins.\ \ coin holders will be able to showcase their early support for the **global defi FX protocol** and special access to a range of protocol opportunities. ![founding trooper - FOREX coin](/files/-Mhl7vRLRgsfiTuhWoJq) # the FOREX flywheel the forex flywheel effect; ![](/files/iKyPBETaWQiwZwPFQVtS) # trader rewards trader incentives {% hint style="danger" %} trading rewards paused 26/10/2022 0400 UTC {% endhint %} each week **(starting wed 12th October)** were allocating 50,000 in $FOREX to reward users of the protocol\ \ rewards EPOCHs reset each Wed 0400 UTC\ \ initial rewards will be focussed on 'trade' at [**app.handle.fi/trade**](https://app.handle.fi/trade)\ \ traders receive rewards pro-rata based on their share of weekly trading volumes $$ Payout = (Your Trading Volume / TotalTradingVolume ) \* Trading RewardsPool $$ [**weekly rewards earners can be found here**](https://docs.google.com/spreadsheets/d/1GNznh8prmmcXRRj48nUlvs-ARCH8ayP9yUCTtWS8k9g/edit?usp=sharing) # contracts an overview of the main handle contracts & addresses the handle protocol consists of four main contracts which contain the core functions required for performing vault logic around loans, minting and collateral. These contracts are the Handle contract, the Treasury contract, the Comptroller contract and the VaultLibrary contract. Their functions are as follows: * **Handle.sol**: stores the main protocol data and configurations. Holds a reference to all protocol contracts. * **Treasury.sol**: provides deposit and withdrawal functions for vaults. Holds all protocol funds. * **Comptroller.sol**: provides mint and burn functions for vaults. * **VaultLibrary.sol**: provides read-only functions to calculate vault data such as the collateral ratio, the equivalent ETH value of collateral/debt at the current exchange rates, weighted fees, etc. * **Handle.sol**: stores the main protocol data and configurations. Holds a reference to all protocol contracts. * **Treasury.sol**: provides deposit and withdrawal functions for vaults. Holds all protocol funds. * **Comptroller.sol**: provides mint and burn functions for vaults. * **VaultLibrary.sol**: provides read-only functions to calculate vault data such as the collateral ratio, the equivalent ETH value of collateral/debt at the current exchange rates, weighted fees, etc. the rest of the contracts may be divided into two subgroups: collateral health (liquidations and redemptions) and investment strategies (the protocol-controlled treasury, PCT), and also the Interest contract: * **Interest.sol**: keeps track of time passed and interest rates, storing relevant variables. allows to track and update the interest rates according to configured external protocol rates such as MakerDAO's. * **Collateral health**: includes the Liquidator contract (implementing redemptions and liquidations), an off-chain liquidation bot written in node.js which relies in a The Graph's subgraph indexing module to index relevant vault and collateral data for liquidation purposes. * **Investment strategies**: the PCT contract can interact with external finance protocols to earn interest over Treasury collateral, which may be borrowed by the PCT and transferred into these external protocols. {% tabs %} {% tab title="ArbitrumOne" %} * **handle "perps" Liquidity Pool (hLP):** [0x1785e8491e7e9d771b2A6E9E389c25265F06326A](https://arbiscan.io/address/0x1785e8491e7e9d771b2a6e9e389c25265f06326a)
* **FOREX:** [0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B](https://arbiscan.io/token/0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B) **fxTokens** * **fxAUD:** [0x7E141940932E3D13bfa54B224cb4a16510519308](https://arbiscan.io/token/0x7E141940932E3D13bfa54B224cb4a16510519308) * **fxCHF:** [0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e](https://arbiscan.io/address/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e) * **fxCNY:** [0x2c29daace6aa05e3b65743efd61f8a2c448302a3](https://arbiscan.io/address/0x2c29daace6aa05e3b65743efd61f8a2c448302a3) * **fxEUR:** [0x116172b2482c5dc3e6f445c16ac13367ac3fcd35](https://arbiscan.io/token/0x116172b2482c5dc3e6f445c16ac13367ac3fcd35) * **fxKRW:** [0xf4e8ba79d058fff263fd043ef50e1010c1bdf991](https://arbiscan.io/address/0xf4e8ba79d058fff263fd043ef50e1010c1bdf991) * **fxPHP:** [0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0](https://etherscan.io/token/0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0) * **fxUSD:** [0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F](https://arbiscan.io/token/0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F)
* **arbitrum bridge:** [0x000877168981ddc3ca1894c2a8979a2f0c6bbf3a](https://arbiscan.io/address/0x000877168981ddc3ca1894c2a8979a2f0c6bbf3a)
* **protocolFees:** [0xFa2c1bE677BE4BEc8851D1577B343F7060B51E3A](https://arbiscan.io/address/0xfa2c1be677be4bec8851d1577b343f7060b51e3a) {% endtab %} {% tab title="Ethereum Mainnet" %} * **FOREX:** [0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B](https://etherscan.io/address/0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B) * **fxAUD:** [0x7e141940932e3d13bfa54b224cb4a16510519308](https://arbiscan.io/token/0x7e141940932e3d13bfa54b224cb4a16510519308) * **fxCHF:** [0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e](https://etherscan.io/address/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e) * **fxCNY:** [0x2c29daace6aa05e3b65743efd61f8a2c448302a3](https://etherscan.io/address/0x2c29daace6aa05e3b65743efd61f8a2c448302a3) * **fxEUR:** [0x116172b2482c5dc3e6f445c16ac13367ac3fcd35](https://etherscan.io/token/0x116172b2482c5dc3e6f445c16ac13367ac3fcd35) * **fxKRW:** [0xf4e8ba79d058fff263fd043ef50e1010c1bdf991](https://etherscan.io/address/0xf4e8ba79d058fff263fd043ef50e1010c1bdf991) * **fxPHP:** [0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0](https://etherscan.io/token/0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0) * **fxUSD:** [0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F](https://etherscan.io/token/0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F)
* **mainnet bridge:**
* **vesting contracts:**\ [**seed:** 0x0857769aC15c2501BbF46Fb6ED0f783D17a3BcDb](https://etherscan.io/address/0x0857769aC15c2501BbF46Fb6ED0f783D17a3BcDb)\ [**strategic:** 0xE03a92CD4eb15A5B68bae3134938e5b5a2debF5D ](https://etherscan.io/address/0xE03a92CD4eb15A5B68bae3134938e5b5a2debF5D)\ [**team:** 0x8C211EE553668222307BC1B7c698eDF0B29173e9](https://etherscan.io/address/0x8C211EE553668222307BC1B7c698eDF0B29173e9) {% endtab %} {% tab title="Polygon" %} * **FOREX:** 0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B * **fxAUD:**[ 0x7e141940932e3d13bfa54b224cb4a16510519308](https://polygonscan.com/token/0x7e141940932e3d13bfa54b224cb4a16510519308) * **fxCNY:** [0x2c29daace6aa05e3b65743efd61f8a2c448302a3](https://polygonscan.com/token/0x2c29daace6aa05e3b65743efd61f8a2c448302a3) * **fxCHF:** [0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e](https://polygonscan.com/token/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e) * **fxEUR:** [0x116172b2482c5dc3e6f445c16ac13367ac3fcd35](https://polygonscan.com/token/0x116172b2482c5dc3e6f445c16ac13367ac3fcd35) * **fxKRW:** [0xf4e8ba79d058fff263fd043ef50e1010c1bdf991](https://polygonscan.com/token/0xf4e8ba79d058fff263fd043ef50e1010c1bdf991) * **fxPHP:** [0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0](https://polygonscan.com/token/0x3d147cd9ac957b2a5f968de9d1c6b9d0872286a0)
* **polygon bridge:** [0x62E13B35770D40aB0fEC1AB7814d21505620057b](https://polygonscan.com/address/0x62E13B35770D40aB0fEC1AB7814d21505620057b#tokentxns) {% endtab %} {% endtabs %} --- [Next Page](/llms-full.txt/1)