USDX Money
Basis Trading
USDX is a synthetic USD stablecoin ensuring stability and yield through delta-neutral strategies and multicoin arbitrage.
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is USDX Money?
Ready to earn 15% yield or more with Exponential ?
Information
Exploit/Hacks
None
Info
- Website
- Tags: Basis Trading
Key Metrics
- TVL: $624.7M (Rank #38)
- TVL Ranking by Basis Trading: #2
- Blockchain: Binance, Arbitrum, Ethereum
- Chain TVL
- Binance: $502.18M
- Arbitrum: $114.25M
- Ethereum: $8.28M
Risk Assessment
Average
Protocol Code Quality
- Code reviewed by several experienced auditors; BlockSec, SlowMist amd Salus Security
- Public team promotes accountability
- No documented protocol hacks since launch
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
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