Built on Ethereum

Synthetic Exposure from
Liquid Staking Derivatives

Mint USDX stablecoin or choose from 3 leveraged token options backed by liquid staking derivatives. Trade yield for leverage or earn concentrated yield.

Leveraged Long Exposure
USD-Pegged Stability
Continuous Yield Generation

Protocol Statistics

Real-time metrics from the Exposure Protocol

Protocol
Protocol Utilization
Fees Collected
Stability Pool
1XL-ETH
2XL-ETH
3XL-ETH
BASE/USD Price

How Exposure Protocol Works

A multi-tranche system that creates synthetic exposure from liquid staking derivatives. Mint USDX or trade yield for leverage in four simple steps.

Step 1

Deposit ETH or stETH

Start by depositing ETH or stETH into the Exposure Pool.

  • Connect your wallet to the network
  • Approve ETH/stETH for the Exposure Pool contract
  • Choose your desired exposure type: USDX or leveraged
  • Deposit tokens to mint USDX or leverage tokens
Step 2

Mint Your Tokens

Choose between USDX or 3 leverage tranches with different risk/reward profiles.

  • USDX: USD-pegged stablecoin for economically shorting ETH
  • Leverage: Trade yield for leverage - choose conservative, balanced, or aggressive
  • Real-time NAV calculations for accurate pricing
  • Instant minting with transparent fee structure
Step 3

Earn Yield

Your deposited tokens are staked into a yield vault. 90% of yield flows to stable token holders in the Stability Pool.

  • Automatic staking into ERC4626 yield vault
  • 90% of yield goes to Stability Pool depositors
  • 10% protocol fee on harvested yield
  • Leverage holders trade yield for leverage
Step 4

Stability Pool

Deposit USDX into the Stability Pool to earn 90% of protocol yield.

  • Earn 90% of protocol yield in stETH
  • Receive shares tracking your position
  • Claim rewards as stETH, ETH, or mint more USDX
  • Participate in deleveraging when utilization > 80%

Protocol Features

Built with safety, efficiency, and transparency at its core

Fully Collateralized

All minted tokens are backed by staked assets, ensuring security and stability.

Dynamic NAV

Real-time Net Asset Value calculations for accurate token pricing.

Safety Mechanisms

Automatic deleveraging protects the protocol when utilization exceeds 80%.

Why Choose Exposure Protocol?

A sophisticated multi-tranche system with 3 leverage options that enables USDX stablecoin minting and leveraged ETH exposure from a single collateral pool. Built on Ethereum for lightning-fast transactions and low fees.

STABLE Stablecoin
USD-pegged synthetic token for economic short exposure
  • Mint STABLE by depositing BASE at current price
  • Redeem for yield (YIELD) or base assets (BASE)
  • 1:1 USD peg maintained by collateral
  • Senior tranche with priority on collateral
1XL-ETH - Conservative
Trade yield for senior leverage with maximum protection
  • Most protected leverage position
  • Lower risk with stable returns
  • Last to absorb losses in waterfall
  • Ideal for conservative leverage exposure
2XL-ETH - Balanced
Trade yield for moderate leverage with balanced risk/reward
  • Balanced risk profile
  • Moderate gains and losses
  • Middle ground for leverage exposure
  • Suitable for measured risk-taking
3XL-ETH - Aggressive
Trade yield for maximum leverage with highest upside potential
  • Highest potential gains
  • First to capture yield gains
  • Suitable for aggressive traders
  • First to absorb losses - highest risk
Stability Pool
Earn 90% of protocol yield on your STABLE
  • Earn 90% of protocol yield in YIELD
  • Flexible claiming: YIELD, BASE, or STABLE
  • Leveraged yield from protocol operations
  • Enables deleveraging during high utilization

Collateralized

All tokens backed by staked assets

FX-Style Yield

Sophisticated yield distribution system

Real-Time NAV

Dynamic pricing based on oracle feeds

Auto-Deleveraging

Protection when utilization exceeds 80%

Ready to Get Started?

Launch the app to mint tokens, deposit into the Stability Pool, and start earning yield from liquid staking derivatives today.