UXD Protocol is an algorithmic stablecoin backed 100% by a delta-neutral position using perpetual swaps. The stablecoin will be issued natively on Solana and we will integrate with perpetual swap protocols to create the delta-neutral position. Users will be able to trustlessly mint/redeem UXD in exchange for a wide range of cryptocurrencies. The funding rate generated from the delta neutral position will be paid out to holders of UXD, a yield that is native to the protocol.
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