Saber Launches UXD with USDC on Solana!
Saber proudly announces its partnership with UXD Protocol, the first UXD-USDC pool on Solana!
UXD is an algorithmic stablecoin, backed 100% by delta neutral position. UXD Protocol is decentralized. UXD Protocol does not custody user assets, and users will not interact with any centralized entity. This ensures that everyone will be able to transact without censorship. UXD Protocol is price stable. Since UXD is 100% backed by a delta-neutral position, users will always be able to redeem 1 UXD for 1 USD worth of assets. UXD Protocol is capital efficient. Users can issue 1 UXD with 1 USD worth of assets, without a requirement of over-collateralization.
Saber is proud to partner with UXD, a highly dynamic stablecoin protocol, representing the future of stablecoin innovation on Solana.
Deposit and start staking UXD-USDC into the pool now!
About Saber Labs
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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About UXD Protocol
UXD is an algorithmic stablecoin, backed 100% by delta neutral position.
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