TechFlow reports that f(x), the ETH tiered leverage protocol, has completed its second token sale, selling a total of 40,000 FX tokens. The protocol will officially launch on the Ethereum network on August 3, initially entering Beta mode with a cap of 1,000 ETH and without liquidity enabled. Users will be able to mint or redeem fETH and xETH and deposit them into the rebalancing pool.
In addition, shortly after mainnet launch, the plan is to exit test mode, accommodate TGE holders, increase liquidity for fETH, xETH, and FX, and activate the ve mechanism.
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