[Serenity Premium] f(x) Protocol 2.0 [2nd Review Jan 2025]
f(x) Protocol is one of the products launched by Aladdin DAO, and we have initiated coverage of it in May 2024. Please check out our article f(x) Protocol, which covers the basics of f(x) Protocol v1. On 2 Jan 2025, f(x) Protocol launched its version 2.0, with some overhauls like 10x leverage. To us, some of its protocol mechanisms have also changed, and this reflects the thought process of the team on how to find a PMF (product market fit) in the DeFi space. So in this article, we will explain the protocol transition from f(x)'s v1 to v2, to help our audience understand the f(x) evolution.
The Basics of f(x) Protocol V1
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