USX
Last updated
Last updated
is a decentralized, yield-bearing stablecoin native to the dForce ecosystem, designed for cross-chain utility and composability. It plays a central role in dForce’s DeFi protocols and serves as a core collateral and settlement asset within Unitus Lending.
Key features of USX:
Fully Decentralized & Overcollateralized
USX is minted by overcollateralizing approved crypto assets through dForce or Unitus Lending, ensuring robust backing and security.
Omnichain Support via LayerZero
USX is issued as an OFT (Omnichain Fungible Token), enabling seamless cross-chain transfers and liquidity across multiple blockchains like Ethereum, Arbitrum, Optimism, and BNB Chain.
sUSX: Yield-Bearing Version of USX
sUSX is the staked version of USX that automatically accrues protocol-generated yield. Users can convert USX into sUSX to earn passive income, while sUSX remains composable in DeFi strategies (e.g., as collateral or LP)
Key Utility in DeFi
USX is deeply integrated within lending markets (as both collateral and borrowing asset), liquidity pools, and various dApps across the dForce and Unitus ecosystems.
Stability Mechanisms
USX maintains its peg through market arbitrage, multi-asset collateral backing, and its integration in lending protocols, ensuring balanced minting and redemption dynamics.