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Stablecoin information
UXD Protocol is a fully collateralized decentralized stablecoin on Solana backed by delta-neutral position using derivatives.
Category:algorithmic
Minting and Redemption
Using the UXD Protocol app, users mint UXD by depositing SOL into the protocol where it establishes a derivatives trading position on decentralized exchanges. When the loan is repaid to retrieve the collateral SOL, the paid back UXD is burned.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | >-0.0001% | >-0.0001% | 297,518.94 |