xDollar spaceship is landed on Avalanche planet!
Dear xDollar community, we are excited to announce that xDollar spaceship is landed safely on Avalanche planet. We are ready to rock and roll the next-generation multi-collateral chain agnostic stablecoin on Avalanche.
Mission Launch Highlights
- xDollar is built on top of Liquity protocol and envisions to become the first multiple-chain stablecoin lending platform on Polygon and Avalanche
- xDollar is live on Avalanche by entering the site here.
- xDollar is well audited by coinspect (audit report).
- There will be 12,000,000 XDO tokens minted on AVAX and 64,000,000 XDO minted on Polygon. The current minted XDO number on both networks is 76,000,000 XDO while the maximum cap of XDO is kept 100,000,000 XDO for all chains.
For more, please read the launch details on our previous medium article. https://xdollarfi.medium.com/xdollar-avax-launch-misson-5a3b020d189f
xDollar is an interest free lending platform that users can borrow non-custodial stablecoin, xUSD against MATIC collateral on Polygon and AVAX collateral on Avalanche 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 next-generation multi-collateral chain agnostic stablecoin.
xDollar has been up and running on Polygon since early June with the goal of establishing itself as a contender in the race for a truly mobile and decentralized multi-chain stablecoin. The
Learn more about xDollar and get involved in the community