Stables Labs USDX
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Protocol TVL
About Stables Labs USDX
USDX is a synthetic USD stablecoin designed to provide stability without relying on traditional banking infrastructure. Backed by delta-neutral positions across multiple exchanges, USDX seamlessly bridges the gap between DeFi, CeFi, and TradFi. It enables DeFi users to access traditional delta-neutral strategies executed in CeFi platforms.
As a crypto-native stablecoin, USDX offers a scalable, censorship-resistant, and highly stable solution for users looking to navigate the world of decentralized finance with confidence.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Stables Labs USDX tokenomics and on-chain capital
Stables Labs USDX's governance or utility token carries a market capitalisation of $7.7M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($7.7M) and TVL ($7.7M) trade close together, giving a mcap/TVL multiple of 1.00× — broadly the range market participants treat as "fair" for an established DeFi protocol.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Stables Labs USDX Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Oct 11, 2024Listed on DeFiLlama
Protocol Profile
Stables Labs USDX operates in the Basis Trading category of DeFi. It is deployed across 3 chains, including Binance, Arbitrum, Ethereum. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Stables Labs USDX operates on 3 networks (Binance, Arbitrum, Ethereum), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Binance, Arbitrum, Ethereum), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (RedStone); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap ($7.7M) and TVL ($7.7M) trade at a ratio of 1.00, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Stables Labs USDX — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Basis Trading protocols on Mantapex
Stables Labs USDX is one of 7 Basis Trading protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ethena USDe, Falcon Finance, Solstice USX, and 3 more. These peer protocols collectively secure $8.8B in deposits, giving you a frame of reference for whether Stables Labs USDX's own TVL is at the top, middle, or tail of the category.
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| stables-labs-usdx | USDX | 1.35% | $25.5M |
| stables-labs-usdx | USDX | 1.35% | $242M |
| stables-labs-usdx | USDX | 1.35% | $2.3M |
Recent Stables Labs USDX news
Latest reporting from major crypto news outlets covering Stables Labs USDX.
- Cryptopolitan
Stables Labs announces phased USDX recovery plan following severe depeg
After a few days of silence, Stables Labs has announced a “USDX Restoration Arrangement” following the depeg of its synthetic stablecoin. It stated that “due to market liquidity…
- Coincu
Stables Labs Initiates Recovery for Depegged USDX Stablecoin
Stables Labs announced the initiation of a recovery plan following the USDX stablecoin's significant depeg.
- Bitcoin
USDX Stablecoin Breaks From Its $1 Peg, Sliding to $0.37
On Thursday, another stablecoin, this one dubbed ‘USDX' from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back…
- PYMNTS
Aave Labs Acquires Stable Finance to Develop DeFi Consumer Products
Decentralized finance firm Aave Labs has acquired FinTech company Stable Finance. This acquisition aims to accelerate Aave Labs' development of consumer-focused products.
- Bitcoin
Aave Labs Acquires Stable Finance to Expand Consumer-Focused DeFi Offerings
Aave Labs, the technology company behind the Aave protocol ecosystem, announced Thursday the acquisition of Stable Finance, a San Francisco-based fintech specializing in intuitive…
- The Block
Aave Labs acqui-hires Stable Finance team to build consumer-friendly DeFi apps
In the latest sign of crypto consolidation, Aave Labs acquired Stable Finance, the development team behind a consumer-friendly savings app.
- Crypto news
DWF Labs' Falcon Stable gets Kaia Chain integration
DWF Labs-backed stablecoin venture, Falcon Stable or USDf, has been integrated into Kaia Chain, according to DWF Labs CEO Andrei Grachev.
- Coindesk
DeFi Specialist Aave Labs Acquires Stable Finance, Expands Consumer Access to Onchain Savings
Aave Labs, the firm behind decentralized finance (DeFi) giant Aave, said it acquired Stable Finance, a San Francisco-based startup focused on making onchain savings simple for…
Related protocols
Other DeFi protocols connected to Stables Labs USDX by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
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Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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