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UXD Protocol news
About UXD Protocol
UXD Protocol is an algorithmic stablecoin backed 100% by a delta-neutral position using perpetual swaps. The stablecoin will be issued natively on Solana and we will integrate with perpetual swap protocols to create the delta-neutral position. Users will be able to trustlessly mint/redeem UXD in exchange for a wide range of cryptocurrencies. The funding rate generated from the delta neutral position will be paid out to holders of UXD, a yield that is native to the protocol.
The live UXD Protocol price today is $0.008209 USD with a 24-hour trading volume of $20,288.78 USD. We update our UXP to USD price in real-time. UXD Protocol is up 1.13% in the last 24 hours. The current CoinMarketCap ranking is #4657, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000,000 UXP coins.