What is XMD?

It’s currently in early stages. You can mint XMD in the link I gave by providing collateral with XUSDC. Later info will be provided with the white paper and on going updates. This is info we got related to XMD: XMD is a decentralized stablecoin that aggregates multiple stable cryptocurrencies on Proton and provides high yield interest, 1 XMD = 1 USD plus interest. And XMT (MTL) is the governance token of the Metal dollar. Essentially, XMD is a stablecoin similar to DAI, however the difference is that it's comprised of other stablecoins in a basket (USDC, USDT, TUSD, PAX). What’s cool about XMD is it allows the capability to seamlessly convert to any stablecoin in the basket seamlessly. This mean you can convert XMD to XUSDC, XUSDT, XPAX, etc. at a 1:1 ratio. XMD will also derisk larger funds and holders from any one reserve backed stablecoin by holding many stablecoins in a basket that generates interest, it's a game changer. And other stablecoins the XMD stable basket could support like DAI, UST, GUSD can be voted on with MTL as the governance voting token. I also think that voting on this causes deflation for MTL/XMT.

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What is XMD?

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