Fixed Forex

Basics

• Based in:
• Started in / Announced on: 5-7-2021
• Testnet release:
• Mainnet release: 5-7-2021
• From Week in Ethereum (3-7-2021):

"stable coin framework, no token, unaudited, unverified, experimental contract"

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum

How it works

• From the introduction (5-7-2021);

1. "0 configuration
2. 0 value extraction
3. Gentle liquidations
4. Dynamic minting caps based on on-chain liquidity
5. Dynamic LTVs based on on-chain protocols

LTVs (Loan-to-value ratios) are derived from Compound, Aave v1, Aave v2, and Iron Bank. As these systems add or update their accepted collateral, so does Fixed Forex dynamically update.

Minting caps (how much liquidity a user can mint against a given collateral) are derived from available on-chain liquidity, the higher the on-chain liquidity, the higher the minting caps.

Fixed Forex introduces gentle liquidations, the absolute minimum amount of debt is repaid to bring a users position back to even, no more worrying about the full stack being liquidated during draw down events."

Fee Mechanism

• Has no fees (5-7-2021).

Governance

• Has no governance or multisig (5-7-2021).

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

• From Week in Ethereum (3-7-2021):

"stable coin framework, no token, unaudited, unverified, experimental contract"

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

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