UXDProtocol Ua tiav $ 3 of laboratory Funding of the funding round, MulticoinCapital leads the investment
Solana Ecological Algorithm Stablecoin Protocol UXD Protocol has completed a $ 3M funding round led by Multicoin Capital, invested by Alameda Research, Defiance Capital, CMS Holdings, Solana Foundation and Mercurial Finance Private investor, including the founder of Solana. Anatoly Yakovenko, co-founder of People Raj Gokal and founder of Saber, Dylan Macalinao. Following the completion of testnet in September, these funds will be used for recruiting, product development, community support, and mainnet launches in October. The UXD protocol is an algorithmically stable currency protocol that uses fixed contracts and retailers to complement a delta neutral portfolio to stabilize exchange rates. Cost space, part of the proceeds is used to manage all of the job coverage.
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