LaDAO Xocolatl

Total Value Locked

$21,441

Chain Breakdown
Polygon	$21,325
BSC	$115.94

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Protocol Information

LaDAO is the organization bringing Defi and web3 to Mexico. We created and maintain $XOC; the first decentralized stablecoin with close peg to the mexican (MXN) peso. The xocolatl protocol is the system that allows $XOC to be minted or burned using overcollateralization of crypto assets

Category:CDP

Audits

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Methodology

TVL: Counts all the tokens being used as collateral in the House of Reserves contracts that back $XOC. $XOC is the first decentralized stablecoin with peg close to the mexican (MXN) peso.

TVL code

Competitors

Overnight USD+ ($68.25m)Angle ($30.78m)Parallel Protocol ($29.09m)QiDao ($27.18m)Preon Finance ($5.56m)MakerDAO ($5.89b)JustStables ($1.356b)Liquity ($695.47m)Helio Protocol ($224.75m)crvUSD ($198.36m)