Enable USDT/USDX (0.01% fee tier) V3 gauge on BNB Chain

Gauges
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Overview

  • Proposal seeks to enable USDT/USDX (0.01% fee tier) V3 gauge on BNB Chain

Background

  • usdx.money is a stablecoin infrastructure project, with USDX as its first product. USDX is a synthetic stablecoin, designed to offer a stable, censorship-resistant, crypto-native money. USDX captures yield from crypto-native sources and distributes it back to its users. Yield for USDX stakers is currently at 37%.

  • usdx.money has recently launched its points campaign, and expects the TVL to rapidly increase. With increased TVL, usdx.money is committed to building robust liquidity for USDT/USDX pair on BNB Chain and on Pancakeswap to facilitate secondary liquidity for USDX. This will help onboard more users to both usdx.money and Pancakeswap.

Details

  1. Boost Multiplier and Emission Cap %: 1.00x boost multiplier, 0.5% emission cap

  2. Audits: link

  3. Token Utility: USDX is a synthetic stablecoin, designed to be a stable, censorship-resistant, crypto-native money. USDX captures yield from crypto-native sources and distributes it back to its users.

  4. Volatility: USDX has not previously de-pegged

  5. Oracles: No oracles are used for this pool

  6. Control: 0x3f9a06aD4c83c289DF83461fE5F24EE4c4491935 (3 out of 4 multisig)

  7. Merit: USDX currently has $180m in TVL, making it the 8th largest protocol by TVL on BNB Chain. PancakeSwap’s USDT/USDX pool will be the main liquidity venue, and with attractive native yields and on-going points campaign, users will seek to gain exposure to USDX via PancakeSwap.

Links

  1. Token address: 0xf3527ef8dE265eAa3716FB312c12847bFBA66Cef

  2. Liquidity pool address: 0xe1CF7B307D1136E12Dc5C21aa790648E3b512F56

  3. Website: https://usdx.money/

  4. Socials: X, Telegram, Discord

  5. Documentation: https://docs.usdx.money/

  6. Github: USDX Token · GitHub

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We would like to rectify that it’s a stableswap pair, not v3.

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Thank you for your application! The Kitchen has enabled the USDT/USDX (0.01% fee tier) StableSwap gauge on BNB Chain with 1x boost multiplier and 0.5% emissions cap.