Description
Charm FX, launched by Charm on March 9, 2026, comprises three savings vaults for USDC, XSGD, and JPYC deployed on Polygon. Users deposit any token in one click, and the vault deploys funds into FX liquidity pools to capture fees from foreign exchange and cross-border payment transaction flow. The vaults use tight trading ranges to concentrate fee capture, hold only stablecoins to reduce risk, and automatically rebalance positions to stay optimized around the current market price. The three Charm FX vaults have been live on Polygon since late October 2025, with unincentivized Net APRs reported up to 35.5% over 4+ months (pure fee income after fees and impermanent loss, no token rewards), following 2+ years of backtested simulation prior to launch. The product runs on Charm's liquidity management contracts, which have operated for nearly five years without a security incident, managed over $300M in TVL since launching in May 2021, and have undergone 4 audits.Technology & Skills
Uncover the hard and soft skills and tools employed by the organization, and gain insight into the technologies that drive their success