TechFlow reports that the total TVL of USDX (usdx.money), a decentralized synthetic stablecoin project, has exceeded $180 million.
USDX is a new type of synthetic stablecoin that hedges against dollar value by taking hedged positions on multiple collaterals held by the protocol, while capturing funding rate yields.
The project has completed its Pre-launch goals. It is now deployed on Ethereum, Arbitrum, and BNB Chain, with its DApp and points leaderboard open to the public.
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