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  • 👋Meet USDX
  • a synthetic USD
    • USDX Basics
    • Delta-Neutral Stability
    • Delta-Neutral Examples
    • Peg Arbitrage Mechanism
    • Security Updates
  • a yield-bearing token
    • Staking USDX
    • Yield Explanation
    • User Security Measures
  • Guides
    • How to Buy USDX?
    • How to Redeem?
    • How to Participate in Staking?
  • Informaiton
    • Contracts
    • Audit
    • Oracles
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On this page
  • Tokens
  • USDX
  • sUSDX (staked USDX)
  • Features
  • Permissionless Acquire USDX.
  • Stake USDX for sUSDX.
  • Provide Liquidity & Lock LP Tokens.
  • Direct Mint USDX
  • Direct Redeem USDX.
  • Official Links

Meet USDX

A Synthetic USD stablecoin

NextUSDX Basics

Last updated 1 month ago

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.

Tokens

USDX

USDX peg stability is maintained by employing delta hedging strategies with derivatives positions, counterbalanced against collateral held by the protocol.

sUSDX (staked USDX)

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.

Features

Permissionless Acquire USDX.

Buy or sell USDX with stablecoins including USDT, USDC and USDe in Liquidity Pool (LP) Swaps.

Stake USDX for sUSDX.

Receive a proportionate share of the generated yield.

Provide Liquidity & Lock LP Tokens.

Earn X-Points rewards to claim token airdrops.

Direct Mint USDX

Institutions can apply for direct minting rights. Upon successful completion of onboarding, whitelisted addresses can directly interact with the minting functions of the protocol.

Direct Redeem USDX.

Upon successful completion of onboarding, whitelisted addresses can deposit USDX and redeem into USDT in 7 days. For faster conversion into aforementioned stablecoins, users can exit positions through liquidity pools (LPs).

Official Links

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.

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.

Stables Labs Website:

USDX Website:

Twitter:

DC:

TG:

Medium:

👋
USDX
sUSDX
http://stableslabs.com
https://usdx.money/
https://x.com/StablesLabs
https://discord.gg/stableslabs
https://t.me/StablesLabsTG
https://medium.com/@StablesLabs