Stable or Gone
Organization record
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Record sog_issuer_fx_protocol

f(x) Protocol

Protocol and governance ecosystem behind fxUSD, position products, stability mechanisms, and fxSAVE.

Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
DecentralizedDecentralized or protocol-based
Connected assets
1
Relationships
1 current0 historical
Evidence
9 source records

Identity and taxonomy

Overview

Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.
Organization categoryProtocol or software system
Canonical organization typeDecentralized Protocol
Legal formNot recorded in canonical data
Legal-form stateNot Recorded
Regulatory characterProtocol or decentralized system
JurisdictionDecentralized
Jurisdiction scopeDecentralized or protocol-based
Functional rolesProtocol operator
Relationship statesActive relationship
Primary display relationships1
Official websitehttps://fx.aladdin.club/
Record confidenceHigh
Last reviewed2026-06-22
Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Decentralized
Jurisdiction scope
Decentralized or protocol-based
Functional roles
Protocol operator
Record confidence
High

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinSymbolFunctional roleDisplayFromUntilStateLifecycle
f(x) Protocol fxUSDfxUSDProtocol operatorPrimary displayNot yet recordedNot yet recordedActive relationshipActive

f(x) Protocol fxUSD

Primary display
Role
Protocol operator
State
Active relationship
From
Not recorded
Until
Not recorded

Material history

Events

Typed events and organization control actions remain linked to evidence.
DateEventCategorySubtypeStatus effect
2025-01-02fxUSD proxy is upgraded for f(x) Protocol V2Governance and protocol changeProtocol UpgradeRemained active
2024-02-27fxUSD becomes publicly available on EthereumLaunch and introductionLaunchRemained active

Provenance

Evidence

Source identity, publication date, reliability, archive state, and relation count remain separate.
9 source identities · 9 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Core products of f(x) Protocol 2.0
Published Not yet recorded		f(x) ProtocolOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceIdentity, Fxsave Boundary, Position Products, Collateral, Identity and Product BoundariesArchive index or wildcardHigh
Key functions of f(x) Protocol
Published Not yet recorded		f(x) ProtocolOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceMint, Redemption, Oracle Pricing, Collateral Positions, Issuance and RedemptionArchive index or wildcardHigh
f(x) stability pool
Published Not yet recorded		f(x) ProtocolOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceStability Pool, fxSAVE, Income Boundary, Peg Support, Stability and Income BoundaryArchive index or wildcardHigh
f(x) Protocol contracts
Published Not yet recorded		f(x) ProtocolOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceEthereum Deployment, Fxusd Proxy, Version 1 Contracts, Version 2 Contracts, Current Proxy and Versioned ContractsArchive index or wildcardHigh
fxUSD: This ain’t your bank’s stablecoin
Published 2024-01-11		f(x) ProtocolOfficial statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourceAnnouncement, Identity, Design, Prelaunch Boundary, Product Announcement Before LaunchArchive index or wildcardHigh
fxUSD Seeding Event: The Race to 500 ETH!
Published 2024-02-23		f(x) ProtocolOfficial statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourceSeeding Start, 500 Eth Threshold, Mint Redeem Condition, Launch Boundary, Seeding Phase and Full Live ConditionArchive index or wildcardHigh
GHO/fxUSD Curve pool creation on Ethereum
Published 2024-02-27		EtherscanOn-chain record or explorer
Canonical: Onchain Explorer		Technical primary sourcePrimary sourceCurve Pool Creation, Ethereum, Fxusd Public Liquidity, Launch Date, Onchain Public Availability BoundaryArchive index or wildcardHigh
What is the difference between f(x) Protocol V1 and V2?
Published Not yet recorded		f(x) ProtocolOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceVersion 1, Version 2, Architecture Change, Stablecoin Continuity, V1 V2 Architecture BoundaryArchive index or wildcardHigh
fxUSD proxy upgrade event on Ethereum
Published 2025-01-02		EtherscanOn-chain record or explorer
Canonical: Onchain Explorer		Technical primary sourcePrimary sourceProxy Upgrade, Same Token Address, V2 Activation, Ethereum, Same Proxy V2 UpgradeArchive index or wildcardHigh

Uncertainty

Known unknowns

Reviewed gaps remain visible instead of being converted into false certainty.

v1_v2_component_and_rollout_history

The continuous fxUSD proxy and its 2025-01-02 upgrade are normalized. The complete V1-to-V2 component-contract replacement graph, staged rollout chronology, pool migration, and treatment of every V1 position product remain incomplete.

Severity
Medium
Last checked
2026-06-24

Do not split the base fxUSD token into separate assets. Do not imply that every V1 component remained active or migrated automatically.

base_token_income_accrual

Yield is documented in the system, but direct base-token accrual versus wrapper or pool participation remains unresolved.

Severity
High
Last checked
2026-06-22

Model income through the separate wrapper route.

Maintenance

Corrections and further reading

Report a record problem or inspect methodology and machine-readable data.
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