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HomeCOINSWhat Is Dexfinance? (USDEX) Complete Guide Review About Dexfinance.

What Is Dexfinance? (USDEX) Complete Guide Review About Dexfinance.

What Is Dexfinance?

Dexfinance Coin Is an algorithmic stable coin with a built-in stability mechanism that aims to maintain USDEX’s peg to 1 USDC token. As part of a multi-token token system it is designed to be used as a medium of exchange within the Dex Money Market protocol.

Dexfinance Coin Storage Key Points

Coin BasicInformation
Coin NameDexfinance Coin
Short NameUSDEX
Circulating Supply
Total Supply50,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

What Is the Dex Money Market?

Dex Money Market is an algorithmic reserve protocol with multi step auto-compounded strategies and ETF rewards. The protocol offers a single regulatory mechanism and protocol owned liquidity. The Money Market consists of three corresponding tokens – USDEX, dexSHARES and dexETF.

Inspired by precursive projects before us (Tomb Finance, Olympus DAO, Balancer, Beefy Finance) Dexfinance have developed a truly unique multi-token protocol that empowers users by simplifying the advanced trading strategiaes employed by experienced investors and promotes growth through a low-risk algorithmic trading model.

So what’s different?

Money Market operates on a three token system designed to work in harmony with one another. The protocol uses advanced tokenomics to accomplish three primary objectives.

Maintain Dexfinance Coin the price of the peg token without putting investors at risk. Allow less experienced investors to participate in high yield farming. Prevent mercenary yield farmers from pillaging liquidity pools.

How does it work?

After presale the only new supply of USDEX going into circulation comes from the regulation pool (boardroom). In the traditional model, these tokens would be dispersed to boardroom stakers immediately every epoch based upon the TWAP.

In Dexfinance model, the stakers do not receive USDEX. Instead the protocol takes in all of the newly minted USDEX and then only sells enough to bring it back to peg. Once the protocol sells the correct amount of USDEX, those tokens (which are now counted within the circulating supply) can be bought or sold – so the protocol never sells (or puts into circulation) more than the treasury can buy back at the peg price.

Profit

The profits from the sale of those USDEX tokens are then converted to dexETF tokens and redistributed back to dexSHARE stakers. If these stakers decide they want to sell those rewards at this point they can do so all they want as this has no impact on the price of the peg token.

The Dexfinance Coin Money Market protocol controls the supply of peg tokens by only selling when the price is optimally above peg and only selling an amount that can be covered by treasury backed assets so the USDEX that was previously sold can be bought back if needed.

Where Can I Buy USDEX?

USDEX is available for trading on decentralized exchanges such as PancakeSwap. New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

Strategies

Dexfinance Finance enables users to stake their tokens within a multi-step strategy rather than manually having to adjust for emission rates and market fluctuations. Investors receive a single receipt token which carries the same value as if they were navigating in and out of multiple farm pools. This increases the efficiency with which an investor can grow their position, and reduces the burden on them to be attentive to multiple strategies.

Experienced & Trustworthy

The team has successfully completed a private audit of the personal information. While this info will not be made public (yet), you can rest easier knowing they are now officially being held accountable for the actions by a reputable third-party service.

Protocol Owned Liquidity

Dexfinance Coin order to incentivize users, Money Market tokens can be purchased at a discount in a process known as “Bonding”. Bonds have a vesting period to prevent users from selling all the discounted tokens at once for a quick profit. The list of bondable tokens includes currencies such as dexIRA and dexETF, ensuring consistent buy pressure for native tokens within the ecosystem.