UXD Stablecoin UXD
1. Summary
- Price
-
$1.00 -0.4%
- Market Cap
- $7.38M (#1423)
- Supply
- 8.52M / 9.00M
- Description
-
UXD Stablecoin Description
UXD Stablecoin Description
UXD Protocol is an algorithmic stablecoin that is fully backed by a delta-neutral position using derivatives. This position ensures that the stablecoin maintains its peg to the US dollar without relying on over-collateralization. The protocol is non-custodial and does not hold users' deposited crypto assets. Users can mint and redeem UXD on a permissionless basis, without the need for any centralized entity.
Key Features
- Decentralized: UXD is issued on Solana and integrates with various decentralized protocols to ensure full backing and permissionless minting and redemption.
- Stable: UXD is pegged to the US dollar through its liquidity management strategy, which allows for redemption of 1 UXD for 1 USD of assets.
- Capital Efficient: UXD users can mint 1 UXD for $1 worth of crypto assets, without the need for over-collateralization.
UXD Protocol is designed to mitigate the "stablecoin trilemma," allowing it to balance stability, decentralization, and capital efficiency. The protocol is open to community governance through its UXP token holders, ensuring long-term decentralization.
| Price | |
| 52W High price | $1.02 |
| 52W High date | 15th Mar 2024 (5 months ago) |
| All Time High (ATH) Date | 22nd Nov 2023 (9 months ago) |
| ATH Price | $5.03 |
| % From ATH | -80% |
| All Time Low (ATL) Date | 17th Oct 2022 (1 year ago) |
| ATL Price | $0.05 |
| % From ATL | 1813.51% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $4,645.00 |
| Total Supply | 9.00M |
| Circulating Supply | 8.52M |
UXD
How does UXD Stablecoin's (UXD) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
0.0%
UXD
-5.1%
Similar Market Cap
60 Day Return
0.3%
UXD
-16.0%
Similar Market Cap
1 Year Return
0.5%
UXD
45.8%
Similar Market Cap
We're monitoring 29 UXD Stablecoin GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All UXD Stablecoin Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 2
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 19 commits vs. an average of 114
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 1151 |
| Past week | 105 |
|---|---|
| Past 12 weeks | 257 |
| Past year | 608 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 44 |
| Past year | 568 |
| Past week | 13 |
|---|---|
| Past 12 weeks | 27 |
| Past year | 554 |
| Past week | 10 |
|---|---|
| Past 12 weeks | 58 |
| Past year | 521 |
| Past week | 33 |
|---|---|
| Past 12 weeks | 183 |
| Past year | 210 |
Top Developers 2024
In total, 317 developers have contributed to UXD Stablecoin over the past year. Who are the most active UXD Stablecoin developers, by commits, over the past year?
Related Projects
Developers working on UXD Stablecoin also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 7,079 |
| Active Discord Users | 345 |
| Telegram Users | |
| Twitter followers | 23,581 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://uxd.fi/ |
|---|---|
| Explorer | https://solscan.io/token/7kbnvuGBxxj8AG9qp8Scn56mu... |
| @UXDProtocol |
What is the correct contract address for UXD Stablecoin?
| Solana | 7kbnvuGBxxj8AG9qp8Scn56muWGaRaFqxg1FsRp3PaFT |
|---|
Has UXD Stablecoin been audited for security?
No security audits found for this project.
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