fxUSD: Is This The Best New Stablecoin?｜Quick Hit

Cryptovestor is a CVX maximalist and contributor at f(x) and AladdinDAO. In this episode, we talk about a promising new stablecoin design that might offer greater stability, yield and resilience, called fxUSD. Backed by ETH LSTs and LRTs, fxUSD represents a serious new contender in the stablecoin space. Learn more before its imminent launch! ------ 🔗 Essential Show Links 🔗 ► Youtube: https://youtube.com/@defidad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🌊 SWELL NETWORK | NATIVE LIQUID RESTAKING WITH RSWETH 🦊 METAMASK PORTFOLIO | TRACK AND MANAGE YOUR WEB3 EVERYTHING 💧 INSTADAPP | NEW LENDING AND BORROWING VAULTS WITH FLUID 🧑‍🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS 🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS 🟣 MAVERICK PROTOCOL | DEFI INFRA MADE TO CUSTOMIZE, AUTOMATE & INCENTIIZE LIQUIDITY 🔵 BLUEBERRY | THE DEFI PRIME BROKERAGE ------ Timestamps 0:00 - Intro 5:49 - Background on f(x) 11:00 - Comparing fxUSD vs other stablecoins 14:11 - How fxUSD UI works? 20:39 - Depositing into f(x) 23:07 - Asset(s) supported 24:37 - How to use fxUSD 28:20 - Why pair with PYUSD? 30:00 - Security / audits 34:32 - FXN tokenomics 37:06 - Closing ------ 🔗 Guest Links 🔗 ► f(x) Website: https://fx.aladdin.club/ ► f(x) on Twitter: https://twitter.com/protocol_fx ► Cryptovestor on Twitter: https://twitter.com/Cryptovestor77 ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Both Nomatic and DeFi Dad hold FXN tokens. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.