XUSD

The XUSD section allows users to borrow an algorithmic stablecoin tied to the value of the US dollar, operating within the CrossFi network. These newly minted XUSD tokens can be used for various purposes such as storing assets or purchasing other tokens. However, if a user’s collateralization drops below 300% of the minted XUSD amount due to a decrease in XFI’s price, the position undergoes liquidation. During this process, the collateralized XFIs are sold to cover the XUSD debt and liquidation fees.

Function: Obtain stablecoin for use within the CrossFi network by using an overcollateralized XFI position.

How to Use: Choose the desired amount of XUSD or the available amount of XFI, confirm the takeLoan transaction, and begin using the stablecoin.