USDX/USDC Curve Pool Launches on Ethereum Mainnet, Offering Low Fees and Minimal Slippage

Coinsholder 6 hours ago 116

KEY TAKEAWAYS

The USDX ($1.00)/USDC ($1.00) Curve pool has launched on the Ethereum Mainnet, offering low fees and minimal slippage for traders and liquidity providers.
USDX, a stablecoin by HT Markets, is pegged to the US dollar and supports real-world asset finance opportunities on Ozean.
A pre-deposit program offers 3x Ozean Droplet points to encourage early participation and enhance liquidity in the pool.

The USDX/USDC Curve pool has officially launched on the Ethereum Mainnet, providing traders and liquidity providers with a new opportunity to swap between USDX and USDC. This pool is designed to offer low fees and minimal slippage, enhancing the trading experience for users.

USDX, a stablecoin issued by HT Markets, is pegged to the US dollar and fully backed by short-term treasuries and equivalents. It aims to provide a stable and reliable store of value, with fast redemption options to USDC or USD for accredited traders. USDX serves as the native stablecoin on Ozean, supporting real-world asset (RWA) finance opportunities. Additionally, USDX can be staked for ozUSD, which passes back US Treasury yields to holders of ozUSD.

Pre-Deposit Program and Liquidity Incentives

To celebrate the launch of the USDX/USDC Curve pool, a pre-deposit program is being offered. Participants in this program can earn 3x Ozean Droplet points by depositing USDX in Ozean’s Pre-deposit staking before the program concludes. This initiative is designed to encourage early participation and enhance liquidity in the pool.

The USDX/USDC Curve pool can be accessed here. The pool address is 0xa9d2f92B7dedF7Da162BfADc321407E28815Fd4A, with a swap fee set at 0.01%. The USDC token address is 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48, and the USDX token address is 0xf8750b54d86BE7aE9e32b4A0C826811198D63313.

For more information about Ozean and the USDX/USDC Curve pool, interested parties are encouraged to join the community discussions on Telegram or Discord. The full announcement can be found here.

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The post USDX/USDC Curve Pool Launches on Ethereum Mainnet, Offering Low Fees and Minimal Slippage appeared first on CoinsHolder.

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