USDx has been onboarded by dForce as the first and cornerstone protocol, which is a decentralized and synthetic indexed stablecoin with interest bearing capability.USDx is pegged into a basket of constituent stablecoins (1 USDx = 0.35 USDC + 0.35 PAX + 0.3 TUSD) at a pre-determined weighting, which can be adjusted via on-chain governance. USDx carries a number of benefits including interest-bearing capability (through Lendf.Me), simple and robust trust model, risk diversification to avoid single-point failure, multi-layer insurance mechanism, and decentralized governance.
Alert feature will be unlocked when there are over 500 followers, and the followers will be able to receive key updates of significant events occurred such as price drop, volume climb etc.
USDx has been onboarded by dForce as the first and cornerstone protocol, which is a decentralized and synthetic indexed stablecoin with interest bearing capability.USDx is pegged into a basket of constituent stablecoins (1 USDx = 0.35 USDC + 0.35 PAX + 0.3 TUSD) at a pre-determined weighting, which can be adjusted via on-chain governance. USDx carries a number of benefits including interest-bearing capability (through Lendf.Me), simple and robust trust model, risk diversification to avoid single-point failure, multi-layer insurance mechanism, and decentralized governance.