What is handle.fi? Handle.fi is a decentralized multi-currency stablecoin protocol that enables users to create and exchange multi-currency stablecoins - the global DeFi FX protocol.

What can users of the handle.fi protocol do? Users of the handle.fi protocol can:

- Settle trades in their local currency, removing foreign currency risks. - Borrow against crypto assets in their local currency, reducing conversion fees and foreign currency risks. - Convert between multi-currency stablecoins efficiently. - Earn rewards for liquidity provision in trading and keeper pools in their local currency. - Earn arbitrage profit from 1:1 redemptions. - Speculate on foreign exchange movements.

What are the key features of the protocol? The key features of the protocol include:

- Multi-collateral vaults allowing capital efficiency, decreased liquidation probabilities, and increased asset utilization. - 1:1 redemption facility to help ensure fxTokens maintain their peg value. - Protocol fxKeeper pools ensure efficient liquidations to maintain system collateralization. - Partial vault liquidations ensure users don't forfeit more collateral than required to maintain their debt positions. - Protocol-controlled treasury generates additional returns on staked collateral.

What is the opportunity? Global currency exchange presents a huge opportunity for DeFi. On average, $6.6 trillion trades every day in the worldwide foreign exchange markets, with 2020 volumes in the vicinity of $2.409 quadrillion. The USD is the global reserve asset, and as the world of decentralized finance (DeFi) has grown, there has been a proliferation of USD-backed stablecoins, with trading volumes in excess of $70 billion per day. However, there has been very little exploration or issuance of other representative decentralized stablecoin currencies. The handle protocol aims to solve these problems.

What is the token? FOREX is the governance token of the handle protocol. It will be distributed as a reward for protocol accretive actions by participants and will allow holders to contribute to protocol governance. A total of 420,000,000 FOREX will be distributed across an initial 182-week period, followed by a 2.1% annual terminal inflation rate.