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Project Background and Overview

StandX is a decentralized perpetual contract trading platform (DEX) scheduled to officially launch in July 2025. The project is led by key members of the former Binance contract team, including Binance contract head AG and contract director Justin, and the team also includes financial experts from Goldman Sachs.

StandX is positioned to combine decentralized finance (DeFi) with traditional finance (TradFi) in an innovative model, aiming to provide users with an efficient and secure perpetual contract trading experience, while introducing the yield-bearing stablecoin $DUSD as the core product of the ecosystem.

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Core Highlights

Team Background: The Binance contract team has accumulated experience from zero to industry leader in the centralized exchange (CEX) field, combined with Goldman Sachs' professional financial background, providing StandX with strong technical and market insights.

Product Portfolio: Perpetual Contract DEX + Yield-bearing Stablecoin $DUSD, covering both trading and asset appreciation needs.

DeFi Trend Alignment: Decentralized trading platforms have remained hot between 2024-2025, with successful cases like Hyperliquid and gmgn proving the tremendous potential of DEX.

Market Background: $DUSD has been included by DefiLlama, showing recognition from the community and data platforms. Additionally, the official Solana account supports StandX @solana.

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Perpetual Contract DEX

StandX's perpetual contract product is expected to achieve breakthroughs in the following areas:

High-performance Trading: Drawing on Binance contract's technical accumulation, it may adopt an optimized order matching mechanism or an on-chain/off-chain hybrid architecture.

Funding Rate Earnings: The funding rate mechanism of perpetual contracts provides a stable income source for the platform and users, which StandX considers an important component of $DUSD earnings.

User Friendliness: Emphasizing the transparency and security of decentralization, reducing counterparty risk.

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Yield-bearing Stablecoin $DUSD

$DUSD is the first product launched by StandX, positioned as a yield-bearing stablecoin, aiming to provide users with stable asset preservation and passive income. Core features include:

Yield Sources:
Staking Earnings: Returns generated by investing assets in DeFi protocols or other high-yield strategies.
Perpetual Contract Funding Rate: Earnings distributed from the funding rate generated by trading activities on the StandX platform.
No Staking Mechanism: Users holding $DUSD can automatically earn annualized returns without a complex manual staking process.
Annualized Yield: In the current pre-deposit activity, $DUSD offers an annualized yield of up to 20%, far exceeding traditional stablecoins (such as 1-5% for USDT, USDC).

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Pre-deposit Activity
StandX recently launched the $DUSD pre-deposit activity, aiming to attract early users and build initial liquidity. The activity rules are as follows:
Minting Mechanism: Users mint $DUSD using USDT, participating in the pre-deposit can earn up to 20% annualized returns.

Points System:
Each 1 $DUSD held earns 1 point daily.
Liquidity providers (LP) can earn 2.2x points.
Yield Token (YT) holders can earn 1.1x points.
Participation Method: Enter through the official link (https://standx.com/referral?code=0xLige…), points may be linked to future token airdrops.

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Team and Credibility

AG (Head of Binance Contracts): Led Binance contracts from zero to industry number one, with deep market insight and product design capabilities.
Justin (Contract Director): Responsible for the technical development of Binance contracts, skilled in high-performance trading system architecture.
Goldman Sachs Background Members: Provide a traditional financial perspective, enhancing the product's potential in compliance and institutional collaboration.
Funding Model: No VC investments, team self-funding, demonstrating commitment to the project's long-term vision.
Community Feedback: $DUSD has been included by DefiLlama, and the interaction from the official Solana account has enhanced the project's credibility.

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Operational Process

Detailed operational process for participating in the StandX $DUSD pre-deposit activity:

Preparation Work

Wallet Preparation: A wallet that supports BNB Chain or Solana is needed (e.g., MetaMask, Trust Wallet, or Phantom). This process takes BNB Chain as an example.

Fund Preparation: Ensure there is enough USDT and a small amount of BNB (for gas fees) in the wallet.

Access Link: Go to the StandX event page via the link (https://standx.com/referral?code=0xLige…).

Mint $DUSD

Connect Wallet:
Open the event page and click 'Connect Wallet'.
Select MetaMask (or Trust Wallet) and switch the network to BNB Chain.

Authorize Connection.
Mint $DUSD:
Select 'Mint DUSD' on the page.
Input the minting amount (e.g., 100 USDT), and the page will display the amount of $DUSD you can receive (1:1 exchange).

Click 'MINT' and confirm the transaction (a small gas fee is required).
Wait for transaction confirmation (about a few seconds to a few minutes); the page will display 'Mint Successful'.

Provide LP Liquidity (optional, earn 2.2x points)

Open PancakeSwap

(https://pancakeswap.finance), switch the network to BNB Chain.

Click 'Liquidity' -> 'Add Liquidity'.
Select Trading Pair:
Choose the $DUSD and USDT trading pair.
Input amount (e.g., 100 $DUSD), and the system will automatically calculate the required USDT amount (approximately 100 USDT).

Authorize and Add Liquidity:
Click 'Approve DUSD' and 'Approve USDT' to authorize the two tokens (gas fees apply).
After authorization is complete, click 'Add Liquidity' to confirm the transaction.
Wait for transaction confirmation, complete LP provision, and receive LP tokens.

View Points:
Return to the StandX event page to check point growth (providing LP can earn 2.2x points acceleration).