# Flash Talk : Points are dead: Long live organic stable yield

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-10-07
- Duration: 07:34
- Watch: https://streameth.org/watch/yt-6wIx92med9M
- YouTube: https://www.youtube.com/watch?v=6wIx92med9M

## Description

"Most stablecoin protocols tokenize T-bills and pray. We generate yield from real usage." -  Cyrille, Contributor, fx Protocol

Forget points and speculative rewards—FX Protocol is building real, sustainable yield from actual onchain activity. With FXSave powered by FXUSD and novel leverage mechanics, users earn from real fees, not token promises. This talk explains how FX’s long and short position design drives protocol revenue, powering its stable yield strategy in all market conditions.

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00:00 Points Are Dead
00:33 Centralized Stablecoin Market Landscape
01:11 The FX Save Strategy
02:21 How FXUSD Works
02:57 Expositions: Leveraged Longs
03:30 Launching Short Positions (S Positions)
04:03 Flash Loan-Based CDP Model
05:16 Mechanics of Shorting ETH
05:53 Real Yield in All Market Conditions
06:28 Roadmap: Shorts, Stop Losses, FX Mint
07:02 Final Thoughts and Call to Action

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About: 
By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.