UXD Protocol

DECENTRALIZED - STABLE - CAPITAL EFFICIENT - TRANSPARENT - PRODUCTIVE

[toly 🇺🇸 @toly]

So basically there is no risk free money. Crypto is no worse then the alternatives. I think protocols like @UXDProtocol will eventually power stable payment rails for users.

[Solana @solana]

2/Builders can win the Grand Prize & speciality prizes:

📲 Mobile Apps by @MagicEden
🪙 Finance/Payments by @helio_pay
🤖 AI by @UXDProtocol
🛜 DePIN by @ionet_official
🛠 Crypto Infra by @IronforgeCloud
🎮 Gaming by @Phantom
🤝 DAOs/Network States by @Balajis & @thenetworkstate

[UXD Protocol @UXDProtocol]

3/ Still one of the more underrated experiments in onchain stablecoin design.

Feels closer to crypto-native market structure than a wrapped version of traditional banking.

[UXD Protocol @UXDProtocol]

1/ Most stablecoins pick two: stable, decentralized, or capital efficient.

https://t.co/2aV0ccSy3E tried approaching the problem differently with delta-neutral mechanics instead of the usual overcollateralized design.

[UXD Protocol @UXDProtocol]

2/ The interesting part isn’t just the stablecoin itself, but the idea of making yield native to the system while keeping exposure hedged.

A different direction from the typical “print and pray” model.

[Wintermute @wintermute_t]

DeFi governance update – 26 August 2024

📝 Proposals:
‣ @eulerfinance establishing XP points program
‣ @swiss_staking requesting 21M CRV from the DAO for @curvefinance development
‣ @arbitrum increasing the L2 Core Timelock delay

🗳️ Votes:
‣ @UXDProtocol distributing its $52M insurance fund
‣ @mangomarkets settling with the SEC
‣ @MakerDAO moving into Phase 2 of PSM migration