Victoria D ‘E is
Post: May 16, 2025 11:11 am update: May 16, 2025, 1:40 pm
Edit and fact confirmation: May 16, 2025 11:11 am
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Cyrille Brière discusses products of F (x) protocol products such as FXSAFE and FXUSD, providing leverage without borrowing costs and providing extended and distributed financial paths without traditional systems.
What if you can get a leverage and minimize the risk without borrowing costs? In this interview, Cyrille Brière, a contributor to the F (x) protocol, explains how the project answers these questions with products such as FXSAVE and FXUSD, and at the same time explains how to pioneer the path for scalable and distributed finance without relying on traditional systems.
Can you share your trip to Web3?
I bought the first encryption in 2017. I saw they exploded at the end of the year and lost much value in early 2018. I lost it and went back to encryption during the Defi Summer. I was not very familiar with volatility, so I was really interested in Defi at first to make a yield in Stablecoins. I wanted to make a yield with stablecoins.
So that was what I did in Defi Summer, and at that time there was a pretty crazy yield. And by doing so, I fell in love with defect ethics. I owned your assets and loved the transition to the paradigm. That responsibility was what I liked a lot.
And how exciting the whole ecosystem is, thanks to how there is no permission and how anyone can build someone. i like it. There is always new things, more efficient things, better yields, and low risks are very interesting. That’s how I have a defect.
I also started to participate in a group called Defi France. I contributed by organizing MEETUPS on France’s Defi, which I began to participate and contribute to the Defi protocol.
Inspired by the creation of the F (x) protocol and what is the problem to solve?
First, I did not create a F (x) protocol. I later joined the project as a contributor. But inspired from the beginning is the USDC DEPEG in 2023 (if you remember it correctly, it is due to the conflict of Silicon Valley Bank.
At that point, there were no many options at the time. It was then when the idea came to create something new. F (x) was born from it. It is a very capital efficient stabilization device that is truly distributed to the stablecoin problem, truly distributed and mostly exposed to distributed assets.
How can FXSAVE be deployed as the Defi Savings Savings product of the Stablecoin holder?
I already believe it. I don’t know if I shared a link to Stableyields.info in a document I created for you, but if you see it, FXSAVE is one of the Stablecoin strategies.
You can see that FXSAVE has a better yield than many others. How should I go? Because it is a stable ballast. The key to FXSAVE is that yield is organic. It is not just a high yield, but a sustainable. It only comes from the profits generated by the protocol.
There is no token inflation. There is no wonderful point program that makes fake incentives. It is just a sustainable protocol that gains profits and distributed to stable stakers and token holders.
What is the strategy that can attract traditional financial users to FXUSD and fair?
In the case of FXUSD, the risk compensation ratio is strong. Tradfi investors and actually all investors are looking for it. It means that if you are exposed to decentralized stability, you do not rely on people or companies. You don’t have to trust others. You can also automate things to maintain safety.
Therefore, using FXUSD is not easy for risk. We can provide very competitive yields and are all chains. It means better yield, low risk.
In the case of xpositions, what we offer is capital efficiency. You can use ETH or BTC without borrowing or financing costs. One -time opening fee, one -time deadline fee. That’s it.
For example, it is good for BTC miners. For example, BTC exposure is large and you do not want to sell. They may need capital, but they still want to maintain BTC. The same is true for ethics and protocols. You can use f (x) to maintain exposure at a minimum cost.
How can the protocol encourage long -term participation without game files or point systems?
We do not do the gaming stuff. We have tokens and emissions, and users can choose whether they want actual yields or discharge. But we do not need a trick to attract TVL. It is growing steadily.
Our focus is on sustainable and organic development. However, there is a kind of long -term participation built through the Tokeno Mix. We have Vetokenomics similar to curves or pens. Therefore, the token can be fixed by default to increase the yield.
What is the risk of expanding the types of collateral beyond the incidental ETH and how is it alleviated?
We not only took Staked ITH but also packed BTC. But we have no plans to actually add more collateral right now. The packaged BTC already feels like a compromise. For example, it has a more distributed bitcoin version like TBTC, but the liquid is not enough yet.
We want to be as flexible as FXUSD is possible, so we keep it simply. In the base that is not distributed by the design, more exotic collateral can be explored. It depends on liquidity. You should not manipulate the price.
What is the opportunity for cross chain expansion, such as Arbitrum or optimism?
There are many opportunities. But again, we are a small team. We cannot be anywhere. The next step for us is to start at the base. It will happen in a few weeks.
The base allows higher leverage. In Mainnet, users can minimize the risk of liquidation and raise up to 7 times the leverage without financing costs. At the base, we can add much higher and add new collateral.
We are not planning to deploy them in other chains right now, but we plan to place them in other chains, but we are happy to see F (x). One serious team is working on BNB chain fork using Lista BNB as collateral. In particular, it looks promising because the mortgage returns are high.
What kind of new financial products can you build on the F (x) protocol?
Honestly, the potential is huge. I probably can’t even imagine everything possible. However, there is a chance to deal with fare arbitrage because it provides leverage without borrowing costs.
You can use f (x) to deliver transactions for cheaper exposure without taking a seat. There is a protocol that is already using FXUSD, especially a constant yield strategy. Other Stablecoin projects integrate FX into their own systems.
How can RWAS will be returned, and what role can the F (x) protocol play?
RWAS brings traditional assets to chains and changes the way Stablecoins works. Many of them are supported by off chain assets such as T-Bills. It relies on a company we do not know, human elements regulated in a way we do not fully understand. And at some point, the trust is broken. Always so.
It provides us a noticeable way. But there is also Synergy. The RWA project can benefit from the temperature yield through F (x). Nevertheless, we show that we do not need RWA to create a sustainable and scalable stable coin. This is the whole idea. F (x) challenges the belief that the decentralized stable coin cannot expand.
What role does AI play in Defi, especially in the same protocol as you?
We believe that AI will play a larger and greater role in making investment decisions, not to move funds. As more AI agents assign capital, they are naturally looking forward to F (x). why? Because we provide low risk and high yield.
Humans lose money most of their emotions. There is no problem in AI. They will choose the best risk compensation settings. And this is what f (x) provides. It is hot, reliable and consistent. Most other “yield floating” Starble Lecomin still depends on centralized asset managers or opaque strategies. It is easy for AI to choose F (x).
What kind of trends are you looking at in the distributed stable coin?
RWA support stable coin is now huge. In addition, we are seeing more and more packaging. People who surround other Starble recons and call for yields. I think this protocol will help to grow FXUSD’s TVL. Because we provide a sustainable yield with low risk. Everything is a chain and you can take it out anytime if you feel something.
Finally, can I share a roadmap for the F (x) protocol?
We just started FXSAVE two weeks ago. It is a tokenized stability pool. It has already received $ 22 million on TVL and is growing well. We’ve just been listed on Pendle and Morpho.
Here is the default distribution: Since then, we have only long leverage (up to 7 times), so we have added new features such as new features for ETH and BTC. In addition, the user mints the Stablecoin directly and uses the protocol such as a general CTP. It will soon come.
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About the author
Victoria is a writer about various technical topics, including Web3.0, AI and Cryptocurrencies. Through her extensive experience, she can write insightful articles for more audience.
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Victoria D ‘E is
Victoria is a writer about various technical topics, including Web3.0, AI and Cryptocurrencies. Through her extensive experience, she can write insightful articles for more audience.