UXD Protocol

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.

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

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.

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.

1/ Most stablecoins pick two: stable, decentralized, or capital efficient. uxd.fi tried approaching the problem differently with delta-neutral mechanics instead of the usual overcollateralized design.

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