USDx is operating normally through the Binance incident.
~25% of USDx backing sits on Binance, within our venue risk limits. Even if Binance covered nothing, the impact on backing would be at most ~1.1%.
Binance has committed to covering every loss, so we expect no impact. USDx mint and redemptions remain open.
Season 1 began September 4 and runs for 90 days.
Review the position-specific mechanics here:
axis.to/insights/Whats-Next-…
USDx and sUSDx have markets on @pendle_fi.
Provide liquidity or take exposure to future returns. Each eligible position has its own Season 1 Coordinates multiplier.
Here’s the breakdown ↓
LP positions provide market liquidity. YT positions give exposure to future returns until maturity.
Matures in 35 days.
app.pendle.finance/trade/mar…
Axis does not use PHP in its tech stack and is not affected by the reported vulnerabilities.
Stay safe.
The frontier showed where every strategy sits. This shows what that position pays.
Return per unit of risk, on the same composite score: sUSDx delivers 3.0, nearly double the next closest.
Risk is a budget. Spend it where it earns.
5 weeks at the top by APY on @CurveFinance.
The only one without incentives.
Everyone wants access to the world’s alpha.
This week yield on Cuve:
Stablecoins yields unfazed by the market.
Plus a vote for the first LP-backed Llamalend market: reUSD/sfrxUSD (@ResupplyFi + @fraxfinance 👀).
news.curve.finance/curve-bes…
On Wednesday in Singapore, Axis CEO @bidorder joins the Tokenization panel at the Thought Leaders Summit.
Hosted by @PanteraCapital, @Spartan_Group and @Maven11Capital.
Alongside @syrupsid (@maplefinance), @3f_romeo (@3f_xyz), @goitbykojiro (@tenkafinance), Lily Yarborough (@ValinorDigital), and @0xpostscryptum (@Maven11Capital).
Scenes from Prime Time with Axis, @googlecloud, and @FalconX.
Chatting tokenized markets with the best in the industry.
We’re running it back next week in Singapore with @galaxyhq.
