UXD Protocol Token UXP

The UXD Protocol Token, also known as UXP, is the governance token of the UXD Protocol. UXP holders have the ability to participate in the governance and decision-making processes of the protocol. Additionally, UXP serves as a productive asset that receives cash flows generated from the assets controlled by the protocol. It also acts as the final backstop asset in case the insurance fund of the protocol is drained.

The unique aspect of the UXD Protocol Token (UXP) is its role in the governance and functionality of the UXD Protocol. UXP holders have the ability to participate in the delta-neutral yield generation process and contribute to the decision-making process of the protocol. UXP is also a productive asset that receives cash flows generated from the assets controlled by the protocol. Additionally, UXP serves as the final backstop asset of the protocol in case the insurance fund is drained. This combination of governance, productive asset functionality, and backstop asset role sets UXP apart from other cryptocurrencies.