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UXD

UXD

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Category: Decentralized Stablecoin
TVL: $7.3M

UXD Protocol

UXD Protocol offers a decentralized stablecoin, UXD, which is backed by various low volatility strategies that generate yield. The protocol manages the asset and liability side to ensure there is no mismatch, employing strategies such as delta-neutral position, overcollateralized crypto backed loans, and liquid and semi-liquid lending. It also features a governance token, UXP, which serves as a productive asset receiving cash flows from the assets controlled by the protocol and acts as the final backstop asset of the protocol.
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Funding Rounds

Funding Round: Seed
Funding Date: 2 Sep, 2021
Raised Amount: $3M

Investors