Bringing Utility to the TitanX Ecosystem
with the Ouroboros.Foundation's Debut Product
$USDx
A Stablecoin for the Entire Ecosystem
USDx is a fully backed multi-collateral dollar denominated Stablecoin, which accepts TitanX, DragonX, and soon - other ecosystem assets, as collateral!The $ORX token will sit at the center of this protocol (and all other Ouroboros products), and allows stakers to accrue protocols fees in both native and USDx denominated yield.
dApp Preview
$USDx launches alongside the Ouroboros ($ORX) token
USDx is the first of many DEFI protocols which will divert fee revenue back to $ORX stakers
The Ouroboros ($ORX) token is a co-ordination and share system initially built on top of USDx for the purposes of fee sharing. All products launched under the ouroboros.foundation umbrella will be required to benefit the ORX token in some demonstrable fashion. Most likely, through additions of utility, or by diverting fee sharing to the ORX stakers
In other words, $ORX is the value capture mechanism within the Ouroboros Protocol.
The Ouroboros Protocol is simply the working name for the entity which creates and deploys contracts for the benefit of ORX stakers.
Though initially this entity encompassed a small and private team, it is envisaged to grow in scale as time moves forward and more products are launched.
- Introduce a composite suite of DEFI products all joining back to one 🐉 via the $ORX token:
- Stablecoins
- Bridges
- Crowdfunding of vital TitanX utilities
- Execution Layers
- LOCK 🔐 a large amount of TitanX
- Massively grow the relative value of $ORX within the ecosystem by making Ouroboros products a vital piece of the TitanX ecosystem.
- Contribute to making TitanX one of the largest liquidity black-holes in all of Crypto
- Extend the TitanX brand to dozens of other chains
- Eliminate Vampire Attacks🩸🩸🩸 by presenting innovative solutions for crowd-funding the TitanX ecosystem
- Plus more ...
All projects which are supported and bootstrapped by the TitanX community should ensure that their token is symbiotic or supportive of TitanX.
$ORX will ensure symbiosis by:
- Distribution via ILO (Initial Lock Offering) on TitanX, thereby reducing TitanX supply
- Adding a primary liquidity pool of TITANX:$ORX, meaning all buys of $ORX are also acting as buy pressure on TitanX
- Incorporation of TitanX as a core asset within the Ouroboros ecosystem, and adding features to TitanX which are price positive, or support the ecosystem
- Performing technical outreach to other communities in Crypto on behalf of TitanX to spread awareness.
- Draw new capital to TitanX via an extremely low distribution market-cap. The products Ouroboros is committing to build typically trade for multi-million or billions in valuation.
Extensive testing of all products launched, including audits.
Yes. 100% of the TitanX you deposit to the protocol is used exclusively to fuel a Buy&Burn on an ORX:TitanX LP over time.
Ecosystem Assets
Ouroboros Oct 2024
The $ORX token is the centerpiece of the Ouroboros Protocol, and represents the value accrual asset within the ecosystem. It will also act as the coordination mechanism from which the future of the protocol is decided. Ouroboros (ORX)
Ouroboros Value Accrual and Income Generation
Any fee generating ventures undertaken by Ouroboros must divert 100% of protocol revenue back to $ORX stakers/holders in an appropriate manner. Price performance is fueled by a combination of Vesting Periods, and a 100% Buy&Burn 🔥 implementation on top of an ORX:TitanX LP.
All this, in conjunction with a mint process which disproportionately rewards long term holders, makes ORX poised to be one of the best performing assets in the #BuildOnTitanX arena.
USDx Oct 2024
USDx is a fully backed dollar denominated Stablecoin, which accepts TitanX, DragonX, and in the future other ecosystem assets, as collateral. If you are familiar with Liquity or Liquid Loans, then you are already familiar with the mechanics behind USDx. However, USDx introduces additional protections around the redemption process, in order to prevent oracle front-running, and misuse of the redemption function. Usdx
TitanX Ecosystem Backed Stablecoin
The $ORX token will sit at the center of this protocol (and all other Ouroboros products), and allow stakers to accrue protocols fees in the form of USDx and Collateral assets.
