Cod3x USD cdxusd

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About Cod3x USD

cdxUSD presents a unique implementation of features from the industry's leading Collateralized Debt Position (CDP) platforms, aggregated into a new DeFi primitive that addresses assessed flaws and optimizes for user safety and reduced protocol risk. The stablecoin features structural risk mitigations that reinforce its security and enable it to scale yields organically alongside the system. Cod3x cdxUSD is planned to be available on various EVM chains in the form of an ERC20 Token. Cod3x is able to create and manage Facilitators, whereby each Facilitator is associated with a strategy that can autonomously mint and burn cdxUSD tokens. The design allows for flexibility and upgradability on how cdxUSD is minted, while isolating risk.