Usdax Finance

USDAX Finance is an overcollateralized stablecoin protocol on Robinhood Chain. Users lock onchain collateral into vaults to mint USDAX, a $1.00 pegged stablecoin. The protocol uses a collateral ratio enforcement system with onchain liquidations to keep USDAX fully backed at all times. APX is the governance and staking token. Stakers receive a share of protocol fees paid in USDAX and vote onchain on collateral parameters, fees, and protocol upgrades.