FxDAO

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Takes the total amount of XLMs locked in the Vaults contract, the XLMs are the collateral of the issued assets by the protocol.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Oct 7, 2024
   Listed on DeFiLlama

FxDAO is a Partially Algorithmic Stablecoin issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Stellar. The codebase has been independently audited (1 report on file).

FxDAO is a single-chain protocol, deployed exclusively on Stellar — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for FxDAO — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

FxDAO is one of 6 Partially Algorithmic Stablecoin protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Flat Money V2, dTRINITY dUSD, UXD, and 2 more. These peer protocols collectively secure $3.5M in deposits, giving you a frame of reference for whether FxDAO's own TVL is at the top, middle, or tail of the category.

Flat Money V2

TVL $1.5M · 24h +0.41%

dTRINITY dUSD

TVL $1.5M · 24h -14.04%

UXD

TVL $305.1K · 24h +0.20%

Flat Money V1

TVL $115K · 24h +0.46%

Chi Protocol

TVL $11.1K · 24h +0.33%