Base: XSD Stablecoin

One of the safest stablecoins in the world

XSD is a USD-pegged Stablecoin, backed by USDT, USDC and BUSD. LendeXe has a reserve to support XSD, filled with USDT, USDC & BUSD. In case of any default in them, the protocol swaps them with other stablecoins instantly.

Benefits

  • 100% feeless
  • increased protection  as it is backed (hedged) the top 3 stablecoins 
  • XSD has USDT, USDC & BUSD in its reserve. Even if one of them fails, LendeXe immediately swaps it with the 2 others. This substantially increases protection, even in case of major drops of the market or other disturbances.

XSD Use Cases

  • Get a 1.5x loan against your LEXE (in form of XSD)
  • Use XSD as collateral to borrow crypto
  • XSD is a mean of value, as it is designed to hold its 1$ peg, so use it like you use your money 
  • XSD is listed on exchanges, so you can buy / sell it on the market

How to get XSD

  • Use LEXE as collateral to get a 1,5x P2P loan from decentralized pool, in form of XSD (Ultimate Loan)
  • Use XSD stabilizer directly to change your USDT, USDC and / or BUSD to XSD.
  • Buy it on the market

Extension: XSD Stabilizer

What it does?

  • Keeps the XSD stable at $1 (even if one of the backed assets fails)
  • Changes USDC, USDT or BUSD to XSD and vice versa

Extension: Ultimate Loan

What it does?

  • Anyone can lock their LEXE for a pre-set period to get a 1.5x loan from a decentralized pool, in the form of XSD.
  • LendeXe provides this service by using its Reserve Factor to push XSD usage among LEXE holders. 
  • To see how a 1.5x P2P loan offers increased protection and stay stable, please read our Medium Article.

How does it work?

  • Anyone can deposit USDT, USDC, or BUSD to mint XSD in 1:1 ratio.
  • Anyone can burn XSD to get USDT, USDC, or BUSD in 1:1 ratio.
  • In the stabilizer, XSD is always $1, independent from the market. We call this a Hard-Peg.
  • The combination of the 3 mentioned points provides an arbitrage opportunity for anyone who helps keep the peg. 

How does it work?

  • Anyone can bring their LEXE and lock it for at least 3 months in the Ultimate Loan. 
  • At the end of the 3rd month, LendeXe locks an amount of its own USDT, USDC, BUSD, equal in value to the user’s LEXE.
  • Now that users LEXE & LendeXe USDT, USDC, BUSD are locked, the Ultimate Loan mints an amount of XSD which is 1.5x the value of the users LEXE.
  • Users can withdraw their 1.5x XSDP2P  loan and use them as they wish.