USDX

In Hyperion Exchange, all assets are priced in HyperionX USD (USDX). USDX has the following uses within HyperionX:

1. Opening positions in perpetual contracts.

2. Providing liquidity to liquidity pools.

When users transfer assets from "My Wallet" to the "Exchange Wallet," they can use WUSDC as stablecoin assets, which are converted into USDX tokens at the prevailing exchange rate. Similarly, when withdrawing assets from the "Exchange Wallet," users can choose to convert USDX tokens back into WUSDC stablecoin assets. Pic. The price of HyperionX USD (USDX) is fixed at 1 USD. Therefore, during exchange and transfer operations, the exchange rate is based on the oracle prices of WUSDC stablecoins. When users withdraw funds from the Exchange Wallet, HyperionX charges a withdrawal fee of 0.1% and an execution fee of 1 USDC.USDX can be freely withdrawn to your wallet without incurring any additional fees. On Hyperion Exchange, as long as there is sufficient liquidity of these stablecoins in the USDX liquidity pool, USDX can be freely exchanged with WUSDC stablecoins. If the liquidity for a specific stablecoin is insufficient, users may opt to exchange for other stablecoins.