UXD Protocol logo

UXD Protocol

UXP

Keep an eye on UXD Protocol

Get instant alerts for major price changes.

Market

Market stats

Market cap

$46.5M

Volume (24h)

$7,722.34

Circulating supply

4.1B UXP

All time high

$48.63

Price change (1h)

+0.05%

Price change (24h)

+0.68%

Price change (7d)

-2.32%

About UXD Protocol

As per the website, UXD is a vital algorithmic stablecoin, entirely supported by the delta neutral position. UXD Protocol is a decentralized system that does not include custody of user assets, and users can interact with any centralized commodity. The token aims to make sure that every user can transact without censorship. Furthermore, UXD Protocol is capital efficient and lets users issue 1 UXD with 1 USD worth of digital assets without demanding over-collateralization.

According to the whitepaper, users of UXP tokens can earn yield developed from the funding rate. Any individual can aim to issue and save the stablecoins for a decentralized cryptocurrency at a par value. Also, the users can seek to confirm that the funds equal the number of stablecoins in circulation by reviewing the blockchain. Cryptocurrency-backed stablecoins are fund inefficient and can be inconsistent during severe market volatility. Algorithmic stablecoins are liable to a collapse in trust by the holders of the stablecoin and are at threat of bank runs. 

UXD Protocol aims to solve these problems by eradicating the necessity of converting to fiat currencies and becoming stable under market volatility. UXD Protocol aims to be comparatively more capital efficient than other cryptocurrency-backed alternatives because UXD Protocol does not need an excess of funds to support its stablecoin. 

Furthermore, the users of UXD can acquire a part of the yield from the funding rate when the funding rate is favorable. By using smart contracts, token holders' balances seek to automatically grow by a certain amount of yield. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Later, the negative yield is paid out from the insurance fund when the funding rate is negative.

Besides being an algorithmic stablecoin, the token aims to have three prime qualities: censorship resistance, price stability, and capital efficiency. UXD seeks to obtain yield from the funding rate that makes UXD a unique store of value. Furthermore, individuals excluded from the banking system can also seek to hold and perform transactions in a stable currency without censorship.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to UXD Protocol in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Discover more assets

A selection of other relevant cryptocurrencies

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

UXD Protocol is on the decline this week.

The price of UXD Protocol has increased by 0.05% in the last hour and increased by 0.68% in the past 24 hours. UXD Protocol’s price has also fallen by 2.32% in the past week. The current price is $0.0113 per UXP with a 24-hour trading volume of $7.72K. Currently, UXD Protocol is valued at 99.98% below its all time high of $48.63. This all-time high was the highest price paid for UXD Protocol since its launch.

The current circulating supply of UXD Protocol is 4,125,300,932 UXP which means that UXD Protocol has as total market cap of 4,125,300,932.

FAQ

What is the current price of UXD Protocol?

We update our UXD Protocol to USD currency in real-time. Get the live price of UXD Protocol on Coinbase.

What is the market cap of UXD Protocol?

The current market cap of UXD Protocol is $46.52M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of UXD Protocol?

The all-time high of UXD Protocol is $48.63. This all-time high is highest price paid for UXD Protocol since it was launched.

What is the 24 hour trading volume of UXD Protocol?

Over the last 24 hours, the trading volume of UXD Protocol is $7.72K.

What other assets are similar to UXD Protocol?

Assets that have a similar market cap to UXD Protocol include ETHplode, ToxicDeer Finance, Avalaunch, and many others. To see a full list, see our comparable market cap assets.

How many UXD Protocol are there?

The current circulating supply of UXD Protocol is 4.1 billion.

Can I buy UXD Protocol on Coinbase?

No, UXD Protocol is not currently available on Coinbase, but you can sign up to get the latest news on UXD Protocol and be notified when it gets added to our exchange.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.