UXD Protocol is the first trustless algorithmic stablecoin that maintains its peg with the use of perpetual swaps. UXD Protocol is integrated with derivative dexes to create a delta neutral position to 100% back the stablecoin.
The governance token UXP is required for the governance of UXD Protocol and will control decisions to be made through the UXP DAO. UXP tokenholders will be able to vote on proposals that contribute to the growth of UXD Protocol.