UXD: Delta-neutral stablecoin aiming for decentralization, stability, and efficiency.
UXD Protocol aims to solve the stablecoin trilemma with a delta-neutral strategy, rewarding UXP holders through governance and protocol revenue.
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View moreWhat 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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UXD Protocol price live information
As of now, UXD Protocol is trading at 0.015109 USD, with a 24-hour trading volume of approximately 0 USD. The UXP to USD price is updated in real time. Over the past 24 hours, UXD Protocol has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 3 975 316 804 UXP in circulation out of a maximum supply of 7 000 000 000 UXP.
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