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UXD Protocol
UXD Protocol issues UXD, a collateralized decentralized stablecoin on Solana. It manages collateral through low-volatility strategies, including lending, real-world assets, and delta-neutral positions, while UXP serves as its governance token.
Dubai, UAE
Description
UXD Protocol is a Solana-based stablecoin protocol operated by Soteria FZCO d/b/a UXD Protocol. It enables eligible users to mint and redeem UXD, a USD-pegged stablecoin collateralized by assets managed through an asset-liability management approach. Its collateral strategies include overcollateralized lending, real-world assets, and delta-neutral positions; generated yield is directed to UXP stakers, while an insurance fund is intended to cover asset-side losses.Grant Funding
VC Funding
None
2021
$0
$63M