Founded by members of the Binance Contract founding team on April 9, 2025StandXThe first product, DUSD, was officially launched.

DUSD is a yield-bearing stablecoin with revenue attributes, aiming to provide users with competitive returns. The income comes from the real pledge income and perpetual contract fund rate, and the reward will be automatically distributed to the user account without additional pledge operations.

Meanwhile, StandX will launch "Pre-deposit"Pre-deposit reward program to give back to early supporters. By pre-depositing funds in advance, users can not only receive platform points rewards, but also enjoy an average annualized income of about 6%.

StandX is expected to officially launch a new perpetual contract decentralized exchange in July 2025.

Team Highlights

StandX's team has worked for Binance Contract founding team and Goldman Sachs Group. Its CEO AG has led the derivatives market with the largest number of users and transactions as the contract manager. AG expressed its firm belief that DeFi represents the future, and the rich experience accumulated by our team in centralized exchanges (CEXs) can be effectively applied to on-chain solutions to create better products.

“While traditional centralized derivatives exchanges still occupy a large part of the market share, we are seeing rapid growth in Perps DEX,” said AG. “As the on-chain processing performance continues to grow, DEX’s ability to process transactions is rapidly improving. After solving this bottleneck, DEX will have the opportunity to become an alternative to CEX by providing a safer and more transparent trading environment. We hope to drive this innovation and help users gain more control over their assets.”

DUSD's innovation and advantages

DUSD adopts a simple design philosophy to help users generate real benefits using USDT and USDC and return this part of the benefits to DUSD holders in proportion.

DUSD's income mainly comes from the pledge of spot assets and the funding rate of shorting perpetual contracts. This is essentially different from artificially creating returns through the issuance of new tokens, such as the issuance of new tokens. DUSD provides sustainable returns with real sources.

In terms of asset security, DUSD adopts a custody scheme to avoid exchange counterparty risks. In addition, DUSD's asset-backed structure remains neutral in the market, ensures its value is stable, and has reserve funds to hedge potential asset losses.

DUSD holders can directly earn profits without additional pledges or operations. This "pled-free" income mechanism is the key to the design of income-based stablecoins. Most products on the market are currently struggling to meet these two conditions at the same time - users usually either pledge stablecoins to earn profits or give up on income in exchange for their liquidity and purpose.

In the DUSD design, the system will record the number of coins held by each address and automatically allocate the reward accordingly. At the same time, StandX is also continuing to develop more application scenarios, so that users can maintain the liquidity and practicality of DUSD while gaining profits.

Market prospects

The crypto derivatives market is huge and growing rapidly. In 2024, global perpetual contract trading volume soared. According to statistics, the total transaction volume of perpetual contracts in the top ten centralized exchanges that year was about US$58.5 trillion, a year-on-year increase. Meanwhile, the transaction volume of the decentralized perpetual trading platform has also soared to about US$1.5 trillion, an increase of 138% from 2023.（tradingview.com）

Although the share of decentralized derivatives trading is still lower than that of centralized platforms, this trend indicates that more and more traders are beginning to favor decentralized trading models without third-party custody. With the continuous iteration and emergence of new products, DEX has significantly improved interface friendliness and interactive design, and liquidity is also improving. DEX has the ability to provide a trading experience at the same level as CEX. At the same time, as Perps DEX further integrates with the wider DeFi ecosystem, more potential possibilities will be released, such as income bonuses, asset mortgages and more innovative financial services.

Future plans

The StandX perpetual contract DEX is expected to be officially launched in July 2025. Guided by long-term strategy and innovative spirit, StandX is committed to building a Perps DEX that serves traders and truly becomes the first choice for users to trade.