Upcoming Layer 1 blockchain Nexus has unveiled its native rewards stablecoin, USDx.
USDx will serve as the Nexus ecosystem’s native dollar and will implement a Global Yield Distribution System (GYDS), under which applications that hold USDx earn a share of protocol revenue based on their users’ USDx holdings.
The design is intended to provide yield as a revenue stream for the ecosystem’s application layer, incentivizing each underlying protocol to integrate USDx.
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