🛡️fxKeeper
fxToken liquidity pools for rapid vault liquidations
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fxToken liquidity pools for rapid vault liquidations
Last updated
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establishment of protocol controlled 'fxKeeper' pools allows for the rapid execution of CDP vault liquidations in the instance they become under collateralised and breach their liquidation trigger. 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 rewards, which can be boosted based upon a users veFOREX balance.
*a liquidation fee is charged on the vault that is called for redemption.
to start earning returns from protocol CDP liquidations click here
staking is single sided, so there no risk of impermanent loss, 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:
