UXD Protocol
Insurance Fund
The insurance fund is required so that UXD holders do not have to pay the negative funding rate. The insurance fund will be funded with an initial token sale and from part of the positive funding rate that is generated from the delta neutral position. You can check the current balance of the insurance fund here.
If the insurance fund runs out of funds, we will do an auction of the governance token UXP to replenish the insurance fund.
Last modified 1mo ago
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