Underlying asset
USDx
Issued by Axis. The facts below were checked on the date shown, from the sources listed.
USDx is issued by Axis and pays its holders nothing of its own: what stands behind it (off-chain arbitrage) earns for the issuer, or for those who stake it. Only approved holders can redeem it; others leave by selling. Its yield on Pendle is a campaign of incentives.
Facts
- Issuer
- Axis
- What stands behind it
- off-chain arbitrage
- Strategy
- an institutional trading desk's returns
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a manager off chain, an exchange holding the assets
- Redemption
- redeemed only by approved holders
- Who can change it
- a multisig (Safe) · 3 of 5 signatures · the admin role · roles are granted with no delay 0xdeb538917b1c1ae6b81550a6c42a66d818cc6d6d (Ethereum)
a timelock · 48 h delay · covers code upgrades only 0xd6bb04711e41aa41b9130ad41ee6884755914c0b (Ethereum) - Audits
- OpenZeppelin, 2026-07
- Bug bounty
- not found in a source that meets the standard
- Depends on
- none recorded
Other assets from the same issuer: sUSDx - Chains
- Ethereum
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://docs.axis.to/usdx-the-synthetic-dollar/usdx
https://docs.axis.to/usdx-the-synthetic-dollar/mint-and-redeem
https://docs.axis.to/susdx-the-rewards-vault/how-axis-earns-yield/trading-strategies
https://docs.axis.to/reference/access-control
https://docs.axis.to/reference/contract-addresses
https://docs.axis.to/backing-reserves-and-transparency/audits
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2026-12-03 | PT-USDx-3DEC2026 |
Not found
What the research has not answered for this asset, said rather than left blank.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.