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UXD Protocol
UXD is a decentralized stablecoin, backed 100% by a delta-neutral position.
Token Vested
3T $UXP
Vesting Duration
4 Years
Vested Through Streamflow
46.9% Supply
Overview
UXD Protocol issues a collateralized decentralized stablecoin, $UXD, backed by a delta-neutral position consisting of various assets.
$UXP is UXD protocol’s governance token and is used to vote on proposals for $UXD. Proposal subject matters can range from selecting assets as collateral for the underlying delta-neutral position, adjusting the funding rate, or implementing asset management strategies for $UXD, among other things. $UXP holders also earn interest from the underlying positions used to secure $UXD.
Problem
UXD protocol needed to implement a vesting system to transparently compensate investors and team members from its DAO portal using $UXP.
Solution
UXD protocol integrated Streamflow’s software developer kit (SDK) to set up a customized vesting stream for its partners directly from its DAO portal.
Results
UXD protocol used Streamflow to automate token vesting to its investors and team members on a 4-year linear vesting schedule. All parties were subject to a one-year cliff, but seed investors are receiving their total allocation linearly over 1-year rather than the three years that the team and pre-seed investors are undergoing.
Vest tokens with Streamflow today
Get started with Streamflow’s vesting app or contact our sales team for a customized solution.
