Collateral Types

(ARBITRUM ONLY) USDx: the protocol's native stablecoin for Arbitrum. USDx is backed by Synthetix v3 LP assets on Arbitrum and all orders are settled in USDx, regardless of which collateral the trader uses. USDe is used to provide additional liquidity and a reliable peg.

USDx is only mintable and usable on Arbitrum.

USDx on Arbitrum contract address: 0xb2F30A7C980f052f02563fb518dcc39e6bf38175

USDe: Ethena's synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed and free to compose throughout CeFi & DeFi.

To learn more about USDe: https://ethena-labs.gitbook.io/ethena-labs

tBTC: Threshold's wrapped Bitcoin is tradable on EVM chains. While the purpose of tBTC on Ethereum is similar to other wrapped assets and stablecoins, Threshold decentralizes the management and custody of the underlying BTC. An oracle is used to track the value of your tBTC deposit when opening trades and calculating maintenance margin.

To learn more about tBTC: https://blog.threshold.network/bridging-the-gap-the-basics-of-tbtc/

ETH/wETH: wETH is the wrapped erc20 version of ETH, and all ETH margin deposits are wrapped to allow them to function as collateral. ETH is, of course, the native asset of the Ethereum network and is liquid and well supported across EVM chains. An oracle is used to track the value of your ETH deposits when opening trades and calculating maintenance margin.
USDC: a fiat-backed stablecoin issued by Circle. It is pegged to the U.S. dollar on a 1:1 basis and is fully backed by reserves held in regulated financial institutions. USDC provides a highly liquid, reliable, and widely accepted stablecoin solution for users across decentralized and centralized finance applications.
stataUSDC: a yield-bearing version of USDC created by staking USDC into Aave's Base lending pool that generates yield while maintaining liquidity for trading and collateralization.

Last updated 1 month ago