handle.fi FOREXPrice $ 0.000596

handle.fi is the global defi FX protocol that allows users to create and exchange multi-currency stablecoins. fxTokens are collateral backed stablecoins representing, and soft pegged to, a range of currencies. users create fxTokens by depositing eligible collateral and minting stablecoins secured by this collateral.

Use cases of handle.fi include:

• Settle trades in your local currency, removing foreign currency risks
• Borrow against your crypto assets in your local currency, reducing conversion fees and foreign currency risks
• Convert between multi currency stablecoins efficiently
• Earn rewards for liquidity provision in trading and keeper pools in your local currency
• Earn arbitrage profit from 1:1 redemptions
• With the introduction of L2 technology and leveraged products, speculate on foreign exchange movements.

Key benefits of handle.fi fxTokens include:

• Multi-collateral vaults: capital efficiency, decreased liquidation probabilities, make use of more of your assets
• 1:1 redemption facility helps ensure fxTokens maintain their peg value
• Protocol fxKeeper pools ensure efficient liquidations to maintain system collateralization
• Partial vault liquidations ensure users don't forfeit more collateral than is required to maintain their debt positions
• Protocol-controlled treasury generates additional returns on your staked collateral.