You might not be familiar with @protocol_fx, but it's one of the most robust DeFi protocols that allows you to: ➠ Take leveraged positions ➠ Zero liquidations ➠ Zero funding rates Their v2.1 takes this capability further with sPOSITIONs that provide native short exposure with fixed leverage. How does it work? The entire process uses sophisticated flash loans to create leveraged short positions in one atomic transaction: → Protocol flash-borrows TOKEN (ETH, BTC, etc.) → Sells TOKEN on AMM for fxUSD → Deposits resulting fxUSD as collateral → Borrows TOKEN from xPOSITIONs reserve → Borrowed TOKEN repays the flash loan It maintains the same benefits: zero liquidations and one-time opening/closing fees. This will also further increase ecosystem resilience: → $fxUSD is removed from circulation when sPOSITIONs are opened → Dynamic deleveraging of the riskiest sPOSITIONs → Adjustable funding flow → Limits on short openings when reserves are stretched → @protocol_fx becomes a full spectrum of leverage and hedging products (fxSAVE, fxUSD, xPOSITION) Personally, I think this is a much-needed product since shorting positions in DeFi is like doing mental gymnastics, and you often get lost in the process, don't know the f you're actually doing. 😂