Dear DDEX users,
Neutral Dollar (NUSD) will be trading on DDEX on May 22, available against DAI, TUSD, USDC, PAX and USDT.
Note: DDEX combines wallet with exchange, so users can directly trade in their wallet without deposit and withdraw.
Neutral Dollar (NUSD) is an innovative, fully-collateralized stablecoin backed by a basket of stablecoins, initially comprising of USDC, PAX, DAI, and TUSD. Users can contribute any individually supported stablecoin through the Neutral platform or acquire NUSD directly through supported trading pairs on KuCoin and DDEX. The Neutral Dollar is the first product by Neutral, a company focused on improving market infrastructure primarily through blockchain-native aggregate financial assets. The team has deep expertise in blockchain, investments, and trading experience coupled with the advice of prolific economists to deliver quality products and facilitate broader cryptocurrency exposures.
- Superior ‘metastability’ from an empirical and theoretical standpoint for all stablecoin use cases
- Innovative economic mechanism to aggregate liquidity for the underlying assets
- Access to change between diversified and individual stablecoin exposures for any specific application
- Autonomous, decentralized rebalancing of collateral through user participation
- Real-time transparency and verifiable on-chain settlement with better scalability
Chart 1：Stablecoin prices fluctuate depending on the market’s perception of the quality of the specific stablecoins. A basket product like Neutral Dollar hedges individual risk borne by any single stablecoin and generally exhibits more price stability.
Chart 2： NUSD demonstrates lower volatility across multiple time periods in comparison to other stablecoins, even when considering sampling bias.
Users will be able to acquire and store Neutral Dollar through several means. In addition to KuCoin, the Neutral Dollar is accessible through a web client supported by MetaMask. Further integration will be rolled out to several wallets such as Bixin, imToken, etc. Nexo Earn will also support Neutral Dollar in a pilot program where users can earn 6.5% interest on their deposits.
Neutral, founded in 2018, is a smart contract system offering superior financial instruments to the cryptocurrency space. Neutral’s core team comprises of experienced investors, quantitative traders, trading system developers, and is advised by Nobel Prize economists and financial industry experts. The company is backed by Sequoia Capital China and has offices in San Francisco, New York, and Beijing.
Neutral Dollar (NUSD) Official Website:
Neutral Dollar (NUSD) Contract Address:
****DDEX Mobile Native Decentralized Exchange App is online now:
Download link: http://ddex.io/products/
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By using it:
- We can check and hold all of our ERC20 tokens
- We can transfer token to others immediately
- We can trade token anytime and anywhere
The DDEX Team
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