$USDEX+ Token
Last Update: January 2024
Last updated
Last Update: January 2024
Last updated
USDEX+ is a fully asset-backed stable token within the DexFi ecosystem, meticulously designed to maintain a 1:1 peg with the U.S. Dollar. Each USDEX+ token is backed by reserves, ensuring its value consistently remains at $1. Serving as a reliable medium of exchange, USDEX+ enables seamless transactions and interactions both within the DexFi platform and across broader financial networks.
USDEX+ serves as a cornerstone of the protocol, fulfilling a critical role across the entire ecosystem. With extensive utility in nearly every aspect of the platform, it generates substantial value through trading fees and arbitrage opportunities, contributing to the overall efficiency and sustainability of the protocol.
Key Usage
Revenue generated from DexFi products is distributed in USDEX+ to gDEX stakers.
Integrated into multiple ETFs, locking profits into stable tokens for added stability.
Functions as a bridging token between Arbitrum and Pulse Chain ecosystems.
Serves as the profit token in vaults on both Arbitrum and Pulse Chain.
Enabling flexibility in synthetic markets by serving as collateral for perpetual trading.
Operates as the medium of exchange for escrow transactions using USDEX+.
Users can mint USDEX+ on a 1:1 basis with USDC, eliminating slippage costs and trading fees when acquiring gDEX or using the native bridge.
The esUSDEX protocol is designed as a B2B service, enabling project owners to gradually repay outstanding debts over time while simultaneously providing compensation to holders. Once esUSDEX is issued, project owners can make flexible payments and allocate funds between principal repayment and interest as needed. Please contact us directly if you wish you utilize the esUSDEX system.
