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Introduction to USDX Cryptocurrency
USDX is an emerging synthetic USD stablecoin protocol with the following characteristics:
Multi-chain Multi-currency Strategy: USDX supports multiple stablecoins for interaction and plans to integrate other mainstream crypto assets in the future, supporting over-collateralized minting.
Delta Neutral Hedging Strategy: USDX maintains its stability against the USD by adopting a Delta neutral hedging strategy with derivative positions to offset the risk of collateral value fluctuations, thereby achieving stability in USDX value.
Censorship Resistance and Scalability: USDX provides a native crypto stablecoin solution that is not dependent on traditional banking infrastructure, featuring censorship resistance, scalability, and high stability.
Minting and Redemption Mechanism: USDX offers a full set of minting and redemption mechanisms, supporting interaction with multiple stablecoins and allowing certified users/whitelisted users to mint or redeem, gaining profit during short-term fluctuations in USDX price.
Security Measures: USDX has implemented a series of measures to ensure the integrity and extensibility of deployed contracts, primarily to safeguard user assets, achieve reasonable governance effectiveness, and maintain overall protocol health.
