Meet EUSDX

A Synthetic USD stablecoin

EUSDX is a synthetic USD stablecoin built for the crypto ecosystem. It offers a crypto-native stablecoin solution that does not rely on traditional banking infrastructure which is censorship-resistant, scalable, and highly stable. Furthermore, it provides a multiple-layer savings tool including funding rate and crypto ecosystem yield accessible worldwide in USD denomination.

EUSDX will ensure the stability of the peg through a delta-neutral portfolio strategy. At the same time, it will provide denominated returns to holders or ecosystem participants of EUSDX.

Tokens

USDX

USDX is a synthetic USD stablecoin that employs a multicoin arbitrage strategy as backing, maintaining a delta neutral approximate dollar position through balanced trading across various digital assets. This token will be the focal point of liquidity provision in AMMs and CEX order books.

USDX peg stability is maintained by employing delta hedging strategies with derivatives positions, counterbalanced against collateral held by the protocol.

sUSDX (staked USDX)

sUSDX is the token representing staked USDX. Users are able to receive a portion of the protocol's generated yield by staking their USDX and receiving sUSDX automatically in return. USDX that is staked is not rehypothecated or otherwise utilized to independently generate the value accrual for sUSDX.

sUSDX is a reward-bearing token, similar to cbETH and rETH in the case of ETH, meaning its value appreciates instead of its quantity increasing. This is unlike stETH, which modifies its total supply via rebasing.

Features

Permissionless Acquire EUSDX.

Buy or sell EUSDX with stablecoin such as EUSDT or USDC.

Stake USDX for sUSDX.

Receive a proportionate share of the generated yield.

Add EUSDX Liquidity Pool & Lock LP Tokens.

Earn X-Points rewards and claim tokens soon.

Direct Mint EUSDX.

Deposit USDT as collateral and receive EUSDX, upon successful completion of KYC / KYB verification for market-making counterparts.

Direct Redeem EUSDX.

Deposit EUSDX and receive EUSDT, upon successful completion of KYC / KYB verification for market-making counterparts.