# Cod3x

> Track Cod3x with daily standardized on-chain data. Compare Cod3x with other stablecoin issuers. See charts, financial statements and datasets in one place.

Source: [Cod3x on Token Terminal](https://tokenterminal.com/explorer/projects/cod3x). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Stablecoin issuers
- Chains: base

## About

### What it is

Cod3x issues cdxUSD, an overcollateralised stablecoin described by Cod3x Labs as composable credit and the native stablecoin of the Cod3x ecosystem. cdxUSD is integrated into the Cod3x lend market, is multichain via LayerZero, and uses a PID controller for its interest rate.

### Who uses it

DeFi users borrowing against collateral in the Cod3x lend market.

### How it works

cdxUSD is minted against collateral in the Cod3x lend market as a collateralised debt position, with an interest rate set by a PID control system.

## Metrics

Token Terminal tracks these metrics for Cod3x daily. Each page has a chart with the full history.

- [Outstanding supply](https://tokenterminal.com/explorer/projects/cod3x/metrics/outstanding-supply)

## Links

- [website](https://www.cod3x.org/)
- [twitter](https://twitter.com/Cod3xOrg)