USDX [Kava], $USDX
KPIs & Market Data
USDX is a crypto-collateralized stablecoin issued on the Kava platform and is pegged 1:1 to USD. Kava aims for an over-collateralization of USDX. USDX is issued via a loan backed by a collateral of other digital assets. These assets are KAVA, ATOM, wBTC and wETH. The purpose of USDX is to boost the defi ecosystem of Kava, a defi platform connecting the Cosmos SDK with the EVM.
- Smart Contract Risks
- Risk of devaluation of on-chain collateral due to high-volatility
- Risk of a negative contagion effect in case USDC in the collateral vaults de-peg
- Loss of funds due to de-peg
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