UXD Protocol Raised Over $57m in IDO

UXD Protocol raised a total of $57,086,131 for the insurance fund. The insurance fund will first be invested in Saber and Mercurial Fi stablecoin swap LP tokens to earn yield, which will flow back into the insurance fund. The funds will be split 50-50 between Saber’s USDT-USDC pool and Mercurial Finance’s wUSD 4Pool. In the future, the insurance fund will be invested in UXD-USDC pools to increase the liquidity of $UXD. And the governance token, $UXP, has been listed on Serum.
Source

Solana

Stablecoins

IDO

Fund Raising

Related News
Solana validators patch zero-day bug that could have led to unlimited minting of certain tokens Solana validators patch zero-day bug that could have led to unlimited minting of certain tokens
Circle secures in-principle approval to operate as money services provider in Abu Dhabi Circle secures in-principle approval to operate as money services provider in Abu Dhabi
Mastercard moves to integrate stablecoins into global payments network Mastercard moves to integrate stablecoins into global payments network
Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030 Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
Canada to launch spot Solana ETFs this week: report Canada to launch spot Solana ETFs this week: report
Latest News More More
13 Hours Ago COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index
1 Day Ago Lido 'secure' after oracle compromise sparks emergency DAO vote
1 Day Ago Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products
5 Days Ago Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
6 Days Ago Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open