Rank: 773
114 Watchlists
DeFi
UXP Price
Contracts/Explorers:
Solana
Funds and Backers
Wallets
No wallets found yet
UXD is an algorithmic stablecoin, backed 100% by delta neutral position. UXP is a governance token of the protocol.
IDO
12 Nov — 14 Nov 2021
Raised
$ 57.09M
Price:
$ 0.190
ROI:
0.04x -95.7%
Platform:
N/A
ATH ROI:
0.49x -50.6%
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:
UXD Protocol's current price is $ 0.00822, it has increased +0.08% over the past 24 hours.
UXD Protocol's All Time High (ATH) of $ 0.0941 was reached on 1 Feb 2022, and is currently -91.3% down.
The current circulating supply of UXD Protocol is 3.98 Billions tokens, and the maximum supply of UXD Protocol is 7.00 Billions.
UXD Protocol’s 24 hour trading volume is $ 19.38 Thousands.
UXD Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 32.66 Million.
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