The governance token UXP is required for the governance of UXD Protocol. UXP token owners can vote on proposals that contribute to the growth of UXD Protocol . Examples of proposals that UXP token holders can make are:
・Add derivative dex to integrate with.
・Add crypto assets to use as collateral to create delta neutral position.
・Change how the positive funding rate from the delta neutral position is distributed.
・Distribute the funding rate to UXP token holders.
・Invest the funds in the insurance fund in crypto assets, such as stablecoin AMM LP tokens.