Cod3x USD
$1.00
0.57%
Past Day
Market Stats
Market Cap
$10m
24h Volume
$46.22k
FDV
$10m
Max Supply
10m
About
Contract
0xC0D3...2330
Created
Oct 14, 2024
Website
cod3x.org
𝕏
Twitter
@Cod3xOrg
What is Cod3x USD?
cdxUSD presents a unique implementation of features from the industry's leading Collateralized Debt Position (CDP) platforms, aggregated into a new DeFi primitive that addresses assessed flaws and optimizes for user safety and reduced protocol risk. The stablecoin features structural risk mitigations that reinforce its security and enable it to scale yields organically alongside the system. Cod3x cdxUSD is planned to be available on various EVM chains in the form of an ERC20 Token. Cod3x is able to create and manage Facilitators, whereby each Facilitator is associated with a strategy that can autonomously mint and burn cdxUSD tokens. The design allows for flexibility and upgradability on how cdxUSD is minted, while isolating risk.