On August 3rd, the ETH tiered leverage protocol f(x) has completed its second token issuance, with a total of 40,000 FX tokens sold. At the same time, f(x) will officially launch on the Ethereum network on August 3rd. It will be in Beta mode at the beginning, with a cap of 1,000 ETH, and liquidity will not be available. Users can mint or redeem fETH and xETH and deposit them in the rebalancing pool. In addition, shortly after the launch of the main network, it is planned to exit the test mode, hold TGE and increase the liquidity of fETH, xETH and FX, and will enable the ve mechanism at the same time.

Odaily Planet Daily News According to official news, the ETH tiered leverage agreement f(x) tweeted that it will launch a test version on the Sepolia test network, and users can start minting and redeeming fETH and xETH from now on. The testnet phase will last about 2 weeks, and beta mode will resume on the Ethereum mainnet after the testnet phase ends.