Not about to give a UST eulogy, but a look at what else is out there… UXD protocol

I do not need to remind you of the reasons why a decentralised stablecoin is necessary, nor am I going to amplify the FUD that reverberates through the echo chamber of crypto twitter.

However, I do wish to share with you that $UXP is currently at an all time low!

In its whitepaper UXD protocol outlines the problems with the different types of stable coins, fiat backed: centralised/prone to censorship & worth/backing ambiguity (e.g., USDT & USDC)
cryptocurrency backed:capital inefficient & can be unstable during periods of extreme market volatility 
algorithmic: at risk of collapse in confidence, and run on the banks (e.g., UST & LUNA)

UXD Protocol mints their stablecoin on demand (users convert digital assets to attain $UXD) these digital assets are then secured by delta neutral positions (shorting & longing a given position simultaneously to ensure value stability despite market conditions).

Those that stake $UXP earn the revenues of the platform.

UXP is featured on the official 2022 CB calls as part of their degen plays, if you buy now you are buying at the ideal risk/reward time and with staking available providing a 50% APR with 90 day lock up period. Anyone care to guess what I'm doing?

Banter On, Banter Strong!
✌️