What is f(x) Protocol fxUSD?

f(x) Protocol fxUSD describes fxUSD as a decentralized stablecoin. The description also claims fxUSD includes built-in yield and zero slippage swapping, and that its economic design increases available liquidity as a byproduct of providing value to constituent liquid staking derivatives (LSDs). The provided text does not specify a founding year, founder names, governance model, or supply cap.

For f(x) V2, f(x) Protocol is described as a decentralized on-chain trading platform enabling leverage on ETH and WBTC. It claims up to 7X long or short exposure with minimum liquidation risk and funding costs. It states that the platform mints fxUSD as a scalable decentralized stablecoin with a strong peg to the dollar, backed by wstETH and WBTC, but it does not provide concrete technical architecture details beyond this.