What is StandX?

StandX is a decentralized derivatives protocol that combines a perpetual-futures exchange with a yield-bearing stablecoin called DUSD. Users can mint DUSD 1:1 from USDT or USDC, and this stablecoin automatically accrues yield based on underlying on-chain strategies and funding-fee flows from the perpetuals market. The protocol allows DUSD to be used directly as margin, so trading collateral continues to earn yield while positions are open. StandX operates across chains such as Solana and BNB Chain, using smart contracts to manage collateral, liquidation logic, and execution without custodial risk. Its aims to merge trading and passive income into a single system, replacing idle margin with an interest-generating asset. StandX claims to be built by a team with experience in derivatives and financial markets, structuring the platform to resemble CEX-style performance but within a non-custodial environment. The ecosystem includes liquidity-provider incentives that reward market makers supplying depth to the perpetuals engine.