- #1478
dForce USD USX
USX Price
Market Cap
$14.55 MRank #1478FDV
$14.55 MRank #3725Investors
X Followers
Detailed Performance
USX shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
USX to USD Converter
Price History
- All-Time High
- $2.722.73x to ATH
- All-Time Low
- $0.33862.95x to ATL
- Trade Launch Date
- 30 Jul, 2021
1241 days ago
About USX
dForce USD (USX) is an over-collateralized stablecoin that is part of the dForce ecosystem. It is designed to maintain a stable value by being backed by a pool of assets held within the protocol. USX can be minted through both a pool-based model and a vault-based model. The pool-based model allows users to deposit assets into a pool and mint USX based on the value of those assets. The vault-based model involves users locking up their assets as collateral and minting USX against that collateral. USX can be used for various purposes within the dForce ecosystem, such as lending and trading.
What makes dForce USD unique?
dForce USD (USX) is unique compared to other cryptocurrencies due to its specific features and capabilities. It offers the following distinct features:
1. Vault: dForce USD has a vault feature that allows the expansion of its collateral to a broader range of assets with isolated pools and customized risk parameters.
2. Bridge: USX enables immediate swaps of dForce-backed assets between different blockchain ecosystems, providing seamless interoperability.
3. Protocol-Direct-Liquidity-Provision (PDLP): This feature combats liquidity shortages for whitelisted protocols integrated with USX, ensuring efficient liquidity provision.
4. Protocol-Owned-Operator (POO): USX leverages protocol-owned liquidity to maintain equilibrium between supply and demand, optimizing efficiency.
5. Security: dForce USD follows industry best practices to build a security-focused protocol, minimizing potential risks and ensuring the safety of user assets.
6. Audit Reports: Regular audit reports are conducted to ensure transparency and the integrity of the protocol.
7. Governance: dForce DAO prioritizes decentralization in its governance, allowing stakeholders to shape the future of the platform through discussions and voting.
These unique features make dForce USD stand out as a versatile and secure cryptocurrency, offering a range of functionalities and benefits to its users.
Live dForce USD Price Data
The current price of dForce USD (USX) is approximately $0.9972, reflecting a decrease of -0.25% in the last 24 hours. The USX trading volume in the last 24 hours stands at $465,772.00. dForce USD's market cap is currently $14.55 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of USX is 14.59 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand dForce USD's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on USX, check out our crypto insights page.
Official Links
USX to USD Converter
Price History
- All-Time High
- $2.722.73x to ATH
- All-Time Low
- $0.33862.95x to ATL
- Trade Launch Date
- 30 Jul, 2021
1241 days ago