Jan 18Expanding into EthereumUXD Protocol is expanding into the Ethereum ecosystem! This article outlines the mechanism of UXD on Ethereum including rollups and how we will distribute the new governance token to UXP token holders on Solana. Mechanism of UXD on Ethereum(Rollups) UXD is currently a stablecoin built natively on Solana backed by the Asset Liability Management Module. …3 min read3 min read
Sep 21, 2022Asset Liability Management Module: The Endgame of StablecoinsIntroduction UXD Protocol released its stablecoin in January this year and there is currently $15M UXD in circulation, from an ATH of $40M in the past. UXD has kept its peg since then, and remained quite stable, even during a period of extreme volatility in crypto markets, proving that delta-neutral position…6 min read6 min read
Sep 15, 2022Blockchain Interoperability SurveyAs a part of UXD Protocol’s continued research into various cross-chain strategies to bring UXD to various ecosystems, we have completed a survey of some of the leading interoperability protocols that exist today, outlining a general framework for thinking about cross-chain protocols, evaluating them on a high level technical basis…1 min read1 min read
Aug 24, 2022Optimism Devnet LaunchWe are excited to announce the launch of our devnet on Optimism!You can now go to https://optimism.uxd.fi/ and mint/redeem UXD with ETH. UXD is a stablecoin that is backed by a delta-neutral position and pegged to the USD. UXD on Optimism is integrated with Perpetual Protocols to create the delta-neutral…2 min read2 min read
Jul 19, 2022UXD OTCWe are excited to release a new primitive, UXD OTC(Over-the-Counter)! Read below for more details. What is UXD OTC UXD OTC is a DEX function for SOL <-> USDC. The mint and redeem functions of UXD Protocol can be regarded as a DEX for SOL <-> UXD, and by connecting to the USDC/UXD pool of…3 min read3 min read
Jul 8, 2022A Comparison of Perp Funding RatesUXD Protocol’s underlying stability mechanism for UXD Stablecoin is intimately tied to the concept of funding rates in perpetual futures markets. …7 min read7 min read
Apr 21, 2022FDV: A Tale of Two MindsWhen first hearing about a shiny new token, one of the first things most people do is go to coingecko, check the price, look at the market cap, and glance towards the elephant in the room, the big number: FDV, or “Fully-Diluted Value”. The degen in all of us sees…12 min read12 min read
Mar 30, 2022UXD Protocol Fund StructureOne of the most common questions in the UXD Protocol discord is: “How will UXP governance token holders partake in the delta-neutral yield generation? What will the structure be?”. After a long design process, during which UXD Protocol explored various potential options, UXD Protocol is finally ready to propose a…Cryptocurrency11 min readCryptocurrency11 min read
Mar 17, 2022Introducing veRev — a Yield Distribution MechanismBelow, UXD Protocol introduces “veRev”, a novel mechanism that introduces the concept of “semi-liquid” tokens and a new method for rewarding veToken stakers. …Tokenomics11 min readTokenomics11 min read
Jan 31, 2022Historical Funding Rates: A Study, with Implications for UXD’s Insurance FundAt its heart, the UXD stablecoin represents the “principal” position of a basis trade. By the definition of the underlying collateral position being “delta-neutral”, the $1 of principal collateral underlying the position is always worth $1, regardless of market conditions. …8 min read8 min read
