Port Finance launches UXD Protocol Innovation Hub!

Happy to announce our latest addition to our Innovation Zone, UXD Protocol!

What is UXD?
UXD Protocol is a fully collateralized decentralized stable-coin backed by a delta-neutral position using derivatives. What does this mean exactly? TLDR of it, when you mint UXD, the protocol will enter into a corresponding short Perp Future Position on derivative markets such as Mango Markets. So no matter how the market moves, e.g. SOL drops 10% in a day, the short position on Mango Markets will increase by 10%. You can also read more about it here.

Does this mean UXD is 100% safe?
There is nothing in life that is certain other than death and tax. Make sure you do your own due diligence and understand the risks entirely before jumping onboard.

How can users take advantage of this UXD Innovation Hub?
Users can deposit USDC/USDT/MSOL/SOL/UXD and borrow UXD, to start earning UXD + PORT (claimable at @Png_fi) Link to innovation hub here.
UXD that’s borrowed can be redeposited back into the innovation hub and be folded (AT YOUR OWN RISK!!)
You can also stake UXD LP at Saber.so, Mercurial Finance or Sunny.Ag (Also at your own risk)
As always you can also liquidate others who have reached 100% risk factor from the liquidate tab.

How can users obtain UXD?
You can swap them from Jup.ag or Saber.so
You can also mint UXD tokens with SOL over at https://app.uxd.fi/

We are very excited to introduce more Innovation Hub, we are also very interested to hear from the community if you have anything in mind that would be a perfect fit for Innovation Hub, do email us at yk@port.finance