FXDEX is the LOVE ecosystem's internal fee-recycling credit. It does not live on Stellar mainnet, Base, Solana or any public chain — and that is deliberate. It operates in the same closed-loop as USDL, EURL and LSIT: no external transfers, no impersonation issuer, no CZ/BNB-style overnight dump surface. Fees route back into ecosystem liquidity instead of a single company's balance sheet.
FXDEX remains a closed-loop utility. A public-chain issuance will only be considered once all five activation criteria are met — and even then only after a public 14-day comment window. Read the 5 criteria →
FXDEX is the LOVE ecosystem's internal fee-recycling unit — closed-loop, no external transfers. Fees recycle back into liquidity. Supply cap is publicly verifiable via daily signed snapshots.
BNB, FTT and similar exchange coins share one weakness: a single operator holds enough supply to move the market overnight. FXDEX is the structural opposite. Every fee-bearing operation across LOVE Flow, dexwallet.live, fxdex.life and other @miha-owned domains routes a share into three public buckets — treasury (40%), LP depth boost (40%), and weekly buy-back of LOVE Coin on Stellar DEX (20%). All three legs are logged on this page with settlement timestamps. There is no operator wallet that can dump.
User trades on LOVE Flow / dexwallet.live / fxdex.life
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Fee captured by internal ledger (FXDEX credits)
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40% Treasury 40% LP boost 20% Buy-back
(public (LOVE/LANA/ (weekly Stellar
balance) USDL pools) DEX order)A fair concern: if FXDEX is not on-chain, how do we prove the 21M cap is not just Miha's word? We bind supply proof to three independent, publicly verifiable signals — none of which requires trusting a single party.
Every 24h a JSON attestation is published at /fxdex/supply-proof.json — total supply, treasury/circulating split, and a Merkle root of user balances. The SHA-256 hash of that snapshot is anchored to Stellar mainnet as a memo-hash transaction from the LOVE Treasury account. The hash is on-chain; the ledger is not. This gives the cap the same immutability as any Stellar timestamp.
A designated arbiter (Tauranis) holds a read-only role over the FXDEX ledger and countersigns the monthly transparency report on /trust/scam-watch.
fxdex_supply_cap = 21_000_000 is a database check-constraint plus a migration lock. Any mint beyond it fails at the SQL layer, and the migration diff is in public git history.
Together those three make "21M is Miha's word" false: it is a chain-anchored hash, an auditor's signature, and a public schema constraint.
FXDEX is one internal ledger, many frontends. Any @miha-owned domain — lovecoin.life, dexwallet.live, dexexchange.live, fxdex.life, solidus.capital — reads and writes the same ledger via a shared authenticated backend (RLS + service-role edge functions). Users see the same FXDEX balance, rebate history and buy-back schedule wherever they log in with their LOVE identity.
External wallets (Lobstr, StellarX, Freighter, Ledger) are intentionally out of scope. That is where impersonation issuers, freeze orders and rug pulls reach retail. Refusing that surface is the safety feature.
Full doctrine: docs/fxdex-closed-loop-model.md in the LOVE Coin repository. Governance changes require a public 14-day comment window and two-of-three founder-circle signature (same rulebook as USDL/LSIT).