UXD Protocol is an algorithmic stablecoin backed 100% by a delta-neutral position using perpetual swaps. The protocol intends on solving the stablecoin trilemma, which is decentralization, stability, and capital efficiency. Current stablecoin iterations can only achieve 2 out of 3. The UXD intends on creating a stablecoin that achieves all 3.

UXP token holders will be able to vote on proposals that increase the value of UXD Protocol. Cash flow from the delta-neutral position can be distributed to UXP token holders. (This has to be decided by a vote by UXP token holders). UXP tokens will be the last reserve to back the insurance fund, if the insurance fund runs out of funds.

UXD Basics:

• 1=1 means that Anyone can always mint 1 UXD for 1 USD;
• Mint/Redemption process is instant;
• The funding rate of the delta-neutral position will be distributed automatically to UXD holders;
• Censorship Resistant - Transact with anyone, anywhere and anytime.