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USDX Money

Basis Trading

USDX is a synthetic USD stablecoin ensuring stability and yield through delta-neutral strategies and multicoin arbitrage.

Risk Rating
Good
Protocol Code Quality
Protocol Maturity
Protocol Design
What is USDX Money?
Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $678.5M (Rank #46)
  • TVL Ranking by Basis Trading: #2
  • Blockchain: Binance, Arbitrum, Ethereum
  • Chain TVL
    • Binance: $524.76M
    • Arbitrum: $117.96M
    • Ethereum: $35.82M
Risk Assessment
Good
Protocol Code Quality
Protocol Maturity
  • Latest protocol version launched in 2024; maturity less than six months increases technical risk as smart contracts are less battle-tested
  • Top 20% by total value locked slightly reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • Low voting power concentration reduces risk
Protocol Design
  • Robust controls to mitigate oracle price manipulation
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about USDX Money
USDX Money Pools
Stable Labs USD Yield
~
Yield
~
TVL
Risk
C
Protocol
USDX Money
Chain
Arbitrum
USDX Staking
5.5%
Yield
$231M
TVL
Risk
B
Protocol
USDX Money
Chain
BNB Chain