With these advantages, Polygon users will be able to quickly stake MATIC/other ERC-tokens and mint xUSD from the platform at near-zero cost. On xDollar, we believe that a great platform can’t be successful without integrating wholly with the ecosystem. Thereby, xDollar are constantly seeking deep integrations with ecosystem partners to bring the multi-collateral-based decentralized stablecoin movement next level. With a rich ecosystem incubated on Polygon, xDollar will eventually grow into a critical DeFI player in the decentralized stablecoin minting industry.
About xDollar
xDollar is an interest free lending platform that users can borrow decentralized stablecoin, xUSD against MATIC collateral on Polygon with a minimum collateral ratio of only 110%. The platform implements a systematic liquidation mechanism (stability pool) and fair platform revenue fee distribution (stacking pool). xDollar’s vision is to become the first cross-chain decentralized lending platform on multi-chains with DAO governance and a multi-collateral vault system.
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About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~350M txns and ~1.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
