Cod3x

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.

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.

DeFi users borrowing against collateral in the Cod3x lend market.