xBacked
VerifiedStablecoin · XBKD · Algorand
Decentralized stablecoin platform on Algorand.
About
xBacked is a decentralized stablecoin protocol on Algorand, similar in design to MakerDAO. Users lock collateral (ALGO, goBTC, etc.) to mint the xUSD stablecoin. The protocol uses over-collateralization and liquidation auctions to maintain the peg.
Tags
stablecoinCDPdecentralizedxUSD
Brickwise summary
Maker-style decentralized stablecoin on Algorand. Mint xUSD against ALGO and other collateral.
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Brickwise is not affiliated with xBacked. Information is editorial research, not financial advice or endorsement.