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Difference between revisions of "UXD Protocol"
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As a decentralized stablecoin, UXD holds the risk of depegging.<ref>https://docs.uxd.fi/uxdprotocol/overview/risks</ref> Below are some reasons why a depegging may occur: | As a decentralized stablecoin, UXD holds the risk of depegging.<ref>https://docs.uxd.fi/uxdprotocol/overview/risks</ref> Below are some reasons why a depegging may occur: | ||
==== | ==== Smart Contract Risk ==== | ||
If there exists a critical bug in the smart contract written by UXD protocol or the underlying derivative exchange, user funds may be lost and UXD may be undercollateralized.<ref>https://docs.uxd.fi/uxdprotocol/overview/risks</ref> | If there exists a critical bug in the smart contract written by UXD protocol or the underlying derivative exchange, user funds may be lost and UXD may be undercollateralized.<ref>https://docs.uxd.fi/uxdprotocol/overview/risks</ref> | ||
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=== UXP Token Schedule === | === UXP Token Schedule === | ||
==== | ==== Total Supply ==== | ||
10,000,000,000 UXP<ref>https://docs.uxd.fi/uxdprotocol/overview/uxp-token-economics</ref> | 10,000,000,000 UXP<ref>https://docs.uxd.fi/uxdprotocol/overview/uxp-token-economics</ref> | ||
==== | ==== Unlocks ==== | ||
'''Investors''': 15% Pre-Seed Investors, 5%: 25% vested and released on 11/14/2022, remaining vested and released monthly over 3 years linearly. <ref>https://docs.uxd.fi/uxdprotocol/overview/uxp-token-economics</ref> | '''Investors''': 15% Pre-Seed Investors, 5%: 25% vested and released on 11/14/2022, remaining vested and released monthly over 3 years linearly. <ref>https://docs.uxd.fi/uxdprotocol/overview/uxp-token-economics</ref> | ||