Optimism Devnet Launch

UXD Protocol
2 min readAug 24, 2022

We 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 position. Below are the steps to mint/redeem UXD*:

*Minting on optimism is subject to the same terms as conditions as other UXD stablecoin minting apps, including disallowance of restricted jurisdictions from minting, including the US.

  1. Connect your wallet(Metamask only)

2. Input the amount of ETH you want to exchange to mint UXD

3. Approve the transaction and UXD will be minted to your wallet!

4. Same procedure to redeem UXD for ETH

That is it! We welcome our community to experiment with the app, and leave feedback in our Discord.

Website: https://uxd.fi/
Twitter: https://twitter.com/UXDProtocol
Discord: https://discord.gg/r4aEDS4kG7



UXD Protocol

Fully collateralized decentralized stablecoin backed by Asset Liability Management Module.