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What is UXD Protocol (UXP)?

UXD Protocol aims to create a truly decentralized, stable, and capital-efficient stablecoin. It's an algorithmic stablecoin designed to overcome the traditional stablecoin trilemma, backed 100% by a delta-neutral position using perpetual swaps. Unlike existing stablecoins that can only achieve two of the three goals, UXD strives for all three. UXP token holders have governance rights, allowing them to vote on proposals that enhance the UXD Protocol's value. Profits generated from the delta-neutral strategy can be distributed to UXP holders through voting. Furthermore, UXP tokens serve as the ultimate backstop for the insurance fund in the event of a shortfall. Key UXD features: * **1:1 Peg:** 1 UXD can always be minted for 1 USD. * **Instant Minting/Redemption:** The process is imme...

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