EpoxyDAO (EPX)

EpoxyDAO is a cross-chain decentralized finance platform (DeFi) that lets anyone issue the stablecoin eUSD (Epoxy USD) by collateralizing ERC20 stablecoins and earn EPX token. It is an open-source project and a Decentralized Autonomous Organization (DAO). EpoxyDAO is completely decentralized and managed by the community through Epoxy Governance.

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl

Medium

Updated: Sep 21, 2020

Learn more about our rating

User Rating

High

3.8/5 • 5 votes

Ticker

EPX

Type

Utility-token

Token standard

ERC20

FoundedSingapore

Ecosystems

Ethereum

What is EpoxyDAO

EpoxyDAO functions like a bank where you deposit your various currencies to get one standard currency and earn interest. The key difference here is, unlike other traditional banking systems, EpoxyDAO is completely decentralized and managed by people around the world who have the governance token, EPX. Right now there are a lot of stablecoins and new ones are being introduced frequently, for example USDT, BUSD, USDC, PAX, DAI and many more. Most of the time users get confused, “which one to use and which one to hold?”. Besides that, the value of stablecoins fluctuates a lot. To solve these problems and bring all stablecoins under one protocol, EpoxyDAO is introduced.

The Epoxy Protocol is a DApp (Decentralized Application) on the Ethereum blockchain. It is managed by people who have the governance token, EPX. EPX holders can vote to list new stablecoins, disable/enable any stablecoin and set a tolerance limit for the stablecoins that are being used in the system.