UXD Stablecoin(UXD)
Market Cap$298,582
Price$1
Total Circulating297,520
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:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 0% | 0% | 0% | 297,520 |