Last week's liquidations were a historical event – and now on Monday, grinders are back to game as well.
Actually the $20B liquidations event we witnessed was the best possible ads for @protocol_fx where NO user was liquidated.
Built differently, iykyk.
While the overall market just WIPED OUT close to 20 BILLION over the past 24 hours, f(x) Protocol worked flawlessly, without any human intervention.
The protocol just underwent the biggest stress test any leverage protocol has ever faced and has proven, once again, to be strong and resilient.
Zero hard liquidations happened on f(x). Z E R O.
Instead, there were 78 rebalance transactions for wstETH, 9 rebalance transactions for wBTC. Zero liquidation.
And remember, these are all smart contracts; no entity to trust, your funds are yours. Just algorithms that work.
Slept well?
Yes, if you were trading on f(x)!
Zero Stress Leverage. The ticker is $FXN.
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