> For the complete documentation index, see [llms.txt](https://docs.uxd.fi/uxdprotocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.uxd.fi/uxdprotocol/overview/delta-neutral-position.md).

# Delta-Neutral Position

These sections describe the delta-neutral position that partially backs the UXD stablecoin. While UXD stablecoin used to be only backed by delta-neutral positions, the protocol has upgraded to utilize several asset types to provide collateral against UXD.