- N/T
xDollar XDO
We lack of accurate trading data.
This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.
About XDO
xDollar is a decentralized stablecoin lending protocol that operates on multiple chains, including Ethereum, Polygon, Avalanche, and Arbitrum. It is a multi-chain, multi-collateral platform that allows users to borrow stablecoins against their collateral at 0% interest rates. The protocol ensures a 1:1 redeemable ratio, meaning that users can always redeem their stablecoins for the underlying collateral. xDollar has undergone an audit by Certik and has a total value locked of $7,136,863.76. It also offers DAO governance, allowing the community to actively participate in decision-making.
What makes xDollar unique?
xDollar is unique compared to other cryptocurrencies because it is a 100% decentralized multi-chain multi-collateral stablecoin lending protocol. This means that it allows users to lend and borrow stablecoins using various cryptocurrencies as collateral, across different blockchain networks such as Ethereum, Polygon, Avalanche, and Arbitrum.
One key feature that sets xDollar apart is its 0% interest rate for lending, which is significantly lower than what is offered by many other lending platforms. This makes it more affordable for users to borrow and encourages participation in the platform.
xDollar also boasts a 110% collateral ratio, which provides added security for lenders. This ratio ensures that borrowers have enough collateral to cover their loans, reducing the risk of default.
Another unique aspect of xDollar is its DAO governance model. This means that the protocol is governed by its community members who hold governance tokens. This allows for decentralized decision-making and ensures that the platform evolves based on the consensus of its users.
Additionally, xDollar offers a 1:1 redeemable stablecoin, which means that users can always redeem their stablecoins for their underlying collateral at a fixed ratio. This provides transparency and reassurance to users that their stablecoins are backed by real assets.
Furthermore, xDollar has been audited by Certik, a reputable auditing firm, which provides an additional layer of security and trust for users.
Overall, xDollar's combination of decentralized multi-chain lending, 0% interest rates, high collateral ratio, DAO governance, and redeemable stablecoin make it a unique and attractive option in the cryptocurrency space.