Logo of AxisAxis
Total Value Locked$67.55m

TVL by Chain

Ethereum$67.55m

Protocol Information

Quantitative yield protocol that issues USDx, a synthetic dollar backed by a cross-venue arbitrage engine. sUSDx is the staked yield-bearing vault.

Category:Basis Trading

Audits:

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Methodology

TVL: Supply of USDx on Ethereum. sUSDx is an ERC-4626 vault of USDx and is excluded to avoid double counting. The Upshift Origin Vault is excluded because it is already counted under Upshift.View code on GitHub

Competitors

Ethena USDe ($4.081b)Falcon Finance ($1.174b)BounceBit CeDeFi Yield ($261.64m)BitFi Basis ($223.41m)Solv Basis Trading ($183.86m)Bitwise USCC ($66.65m)Tori Finance ($64.34m)ZEROBASE CeDeFi ($54.38m)Aegis YUSD ($34.81m)Piku Finance ($29.4m)

Frequently Asked Questions

What is Axis?

Quantitative yield protocol that issues USDx, a synthetic dollar backed by a cross-venue arbitrage engine. sUSDx is the staked yield-bearing vault.

What is Axis' TVL?

Axis currently has $67.55m in total value locked.

What chains does Axis operate on?

Axis operates on Ethereum. Ethereum holds the largest share at 100%.

How does Axis' TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Axis ranks #10 by TVL. The category holds $7.251b across 40 protocols, and Axis accounts for 0.9% of that total. Other leading protocols include Ethena USDe, Falcon Finance, BounceBit CeDeFi Yield, BitFi Basis, Solv Basis Trading, Bitwise USCC, Tori Finance, ZEROBASE CeDeFi, Aegis YUSD, and Piku Finance.