UXD Protocol Raised Over $57m in IDO

UXD Protocol raised a total of $57,086,131 for the insurance fund. The insurance fund will first be invested in Saber and Mercurial Fi stablecoin swap LP tokens to earn yield, which will flow back into the insurance fund. The funds will be split 50-50 between Saber’s USDT-USDC pool and Mercurial Finance’s wUSD 4Pool. In the future, the insurance fund will be invested in UXD-USDC pools to increase the liquidity of $UXD. And the governance token, $UXP, has been listed on Serum.