XUSD is a partial-collateralized and partial-algorithmic stablecoin on Ethereum, aiming to provide scalable, decentralized algorithmic money. Market pricing adjusts the collateral ratio to maintain stability. XUSD is governed by the community and uses Uniswap and Chainlink oracles. It features two tokens: XUSD, a stablecoin, and XUS, a governance token benefiting from fees and seigniorage. The protocol employs a swap-based monetary policy for price discovery and stabilization.
XUSD is a partial-collateralized and partial-algorithmic stablecoin on Ethereum, aiming to provide scalable, decentralized algorithmic money. Market pricing adjusts the collateral ratio to maintain stability. XUSD is governed by the community and uses Uniswap and Chainlink oracles. It features two tokens: XUSD, a stablecoin, and XUS, a governance token benefiting from fees and seigniorage. The protocol employs a swap-based monetary policy for price discovery and stabilization.
The primary purpose of the XUSD protocol is to provide a decentralized, scalable, and algorithmic stablecoin solution. By combining partial-collateralization with algorithmic stabilization based on market pricing, XUSD aims to maintain a stable value around $1, serving as an alternative to fixed-supply digital assets like Bitcoin.
XUSD maintains value stability through a unique combination of collateralization and algorithmic adjustments. If XUSD trades above $1, the collateral ratio decreases, while if it trades below $1, the collateral ratio increases. This dynamic adjustment ensures that the stablecoin maintains its target value close to $1. The protocol uses on-chain oracles from Uniswap and Chainlink for accurate market pricing.
XUSD offers several advantages over traditional stablecoins by integrating a unique partial-collateralized and partial-algorithmic model. This allows for enhanced scalability and decentralization. It's governed by the community and leverages swap-based monetary principles inspired by Uniswap for real-time stabilization, offering an innovative approach to stablecoin design.
XUSD emphasizes community governance with a focus on decentralization and autonomy. Once stable, control of the protocol will be transferred to a multi-signature address and smart contracts set to a burn address, requiring community voting and execution through a timelock contract for decision-making, minimizing active management and ensuring decentralization.
XUSD is categorized as 'Algorithmic' because part of its supply management relies on algorithmic mechanisms, adjusting collateral ratios based on XUSD's market price. This algorithmic approach helps stabilize the coin's value, providing efficient, real-time adjustments to maintain its stability independent of full collateral backing.
If users notice a discrepancy in the XUSD price, it's essential to check the real-time data provided by the protocol's on-chain oracles, Uniswap and Chainlink. These oracles ensure accurate price feed integration. Users can also participate in governance if systematic issues arise, contributing to protocol adjustments through community voting.
xDollar Stablecoin (XUSD) offers a stable, efficient cryptocurrency on the Polygon platform with a total supply of 3,557,824 tokens, actively traded across 27 markets.
USDX is a synthetic USD stablecoin offering a scalable, censorship-resistant solution, providing users with global accessibility and yield opportunities within the crypto ecosystem.
USDD (Decentralized USD) is a decentralized stablecoin built on Ethereum, ensuring transparent and secure USD-equivalent transactions.
Space Rebase XUSD is an algorithmic stablecoin pegged to 1 USDC, aimed at providing stability and leveraging web3 functionalities like automatic rebasing and DeFi integration.
CompX xUSD is Algorand's stablecoin, pegged to USD and backed by native ASAs and tokens, offering rewards through dynamic interest and staking incentives.
XT Stablecoin XTUSD offers a reliable stablecoin backed by assets, ensuring value stability, security, and integration with blockchain solutions for seamless crypto transactions.
HUSD is a stablecoin pegged 1:1 to USD, designed for stability and security on Ethereum's blockchain, aimed at both individual and institutional use in trading, payments, and hedging, ensuring transparency through regular audits.
USSD is a censorship-free, decentralized stablecoin over-collateralized with crypto assets like ETH and BTC, ensuring security and autonomy.
USD Bancor (USDB) is a stable cryptocurrency on Ethereum, designed to provide a reliable digital currency for transactions with a unique reserve mechanism.
Unit Protocol: Decentralized borrowing platform with multi-collateral support for varied tokens.
YUSD Stablecoin (YUSD) is a decentralized stablecoin on the Avalanche C-Chain, facilitating liquidity and DeFi participation through Yeti Finance.
QiUSD is an over-collateralized decentralized stablecoin on the Qi Blockchain, offering fast, low-cost, and programmable transactions while reducing volatility by pegging to the U.S. dollar.
