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add usdx.money USDX #11776

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add usdx.money USDX #11776

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brucelsoon
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NOTE

Please enable "Allow edits by maintainers" while putting up the PR.


  • If you would like to add a volume adapter please submit the PR here.
  • If you would like to add a liquidations adapter, please refer to this readme document for details.
  1. Once your adapter has been merged, it takes time to show on the UI. If more than 24 hours have passed, please let us know in Discord.
  2. Sorry, We no longer accept fetch adapter for new projects, we prefer the tvl to computed from blockchain data, if you have trouble with creating a the adapter, please hop onto our discord, we are happy to assist you.
  3. Please fill the form below only if the PR is for listing a new protocol else it can be ignored/replaced with reason/details about the PR
  4. For updating listing info It is a different repo, you can find your listing in this file: https://github.com/DefiLlama/defillama-server/blob/master/defi/src/protocols/data2.ts, you can edit it there and put up a PR
  5. Do not edit/push package-lock.json file as part of your changes, we use lockfileVersion 2, and most use v1 and using that messes up our CI
  6. No need to go to our discord and announce that you've created a PR, we monitor all PRs and will review it asap

Name (to be shown on DefiLlama):

usdx.money USDX

Twitter Link:

https://x.com/usdx_money

List of audit links if any:
Website Link:

https://usdx.money/

Logo (High resolution, will be shown with rounded borders):

https://usdx.money/logo192.png

Current TVL:

bsc 180.06 M
ethereum 1.27 M
arbitrum 40.83 k

total 181.37 M

Treasury Addresses (if the protocol has treasury)
Chain:

BNB Smart Chain
Ethereum Mainnet
Arbitrum One

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)
Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)

usdx-money-usdx

Short Description (to be shown on DefiLlama):

USDX (https://usdx.money/|twitter: https://x.com/usdx_money) is a synthetic USD stablecoin built for the crypto ecosystem. It offers a crypto-native stablecoin solution that does not rely on traditional banking infrastructure which is censorship-resistant, scalable, and highly stable. Furthermore, it provides a multiple-layer savings tool including funding rate and crypto ecosystem yield accessible worldwide in USD denomination.

Token address and ticker if any:
Category (full list at https://defillama.com/categories) *Please choose only one:

Basis Trading

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):
Implementation Details: Briefly describe how the oracle is integrated into your project:
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:
forkedFrom (Does your project originate from another project):
methodology (what is being counted as tvl, how is tvl being calculated):
Github org/user (Optional, if your code is open source, we can track activity):

@llamatester
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The adapter at projects/usdx exports TVL:

bsc                       180.06 M
ethereum                  1.27 M
arbitrum                  40.83 k

total                    181.37 M 

@Define101
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@brucelsoon please provide the collateral addresses. Also the collateral page was updated 3 months ago

@Define101
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image

@brucelsoon brucelsoon changed the title feat: add usdx network add usdx.money USDX Sep 27, 2024
@brucelsoon
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@Define101 sure the addresses are

BNB Chain: 0x667cc3145f9f63bd796a1a62ef504aaa160550e5; 0x2587593e788Fde2Bdb63aF95Aab62f6b5bbd2cA9
Ethereum: 0x2587593e788Fde2Bdb63aF95Aab62f6b5bbd2cA9; 0x26670dc72a97c983d67877ec880293eb10672aa1
Arbitrum One:0x08e69d8665325fd2d7ccc8852205004548941699; 0x9f2ac08121b020f583f6ac3e17cdc0fe47d7a89f

These are Binance trading accounts / Ceffu deposit addresses. As USDX is backed by delta neutral positions similar to Ethena USDe. We share similar methodology to build the stablecoins and currently USDX only uses Binance / Ceffu as its trading platform.

For the collateral page update, as the past few months, the funding rate is so low and the USDX project actually not encounter meaningful minting activities bigger than the threshold, therefore there were no auto update since then. And thanks for noting this, we will change the threshold and will update the collateral page accordingly.

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3 participants