👋Meet USDX
A Synthetic USD stablecoin
Last updated
A Synthetic USD stablecoin
Last updated
USDX is a synthetic USD stablecoin built for the crypto ecosystem. It offers a crypto-native stablecoin solution that does not rely on traditional banking infrastructure which is censorship-resistant, scalable, and highly stable. Furthermore, it provides a multiple-layer savings tool including funding rate and crypto ecosystem yield accessible worldwide in USD denomination.
USDX will ensure the stability of the peg through a delta-neutral portfolio strategy. At the same time, it will provide denominated returns to holders or ecosystem participants of USDX.
USDX is a synthetic USD stablecoin that employs a multicoin arbitrage strategy as backing, maintaining a delta neutral approximate dollar position through balanced trading across various digital assets. This token will be the focal point of liquidity provision in AMMs and CEX order books.
USDX peg stability is maintained by employing delta hedging strategies with derivatives positions, counterbalanced against collateral held by the protocol.
sUSDX is the token representing staked USDX. Users are able to receive a portion of the protocol's generated yield by staking their USDX and receiving sUSDX automatically in return. USDX that is staked is not rehypothecated or otherwise utilized to independently generate the value accrual for sUSDX.
sUSDX is a reward-bearing token, similar to cbETH and rETH in the case of ETH, meaning its value appreciates instead of its quantity increasing. This is unlike stETH, which modifies its total supply via rebasing.
Buy or sell USDX with stablecoin such as USDT or USDC.
Receive a proportionate share of the generated yield.
Earn X-Points rewards and claim tokens soon.
Deposit USDT as collateral and receive USDX, upon successful completion of KYC / KYB verification for market-making counterparts.
Deposit USDX and receive USDT, upon successful completion of KYC / KYB verification for market-making counterparts.
Website: https://usdx.money
Twitter: https://twitter.com/usdx_money
Telegram: https://t.me/USDX_Community
Discord: https://discord.gg/usdxmoney
Docs: https://docs.usdx.money
