LaDAO Xocolatl

Total Value Locked

Chain Breakdown
Polygon	$19,605
BSC	$116.13

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Protocol Information

LaDAO is the organization bringing Defi and web3 to Mexico. We created and maintain $XOC; the first decentralized stablecoin with close peg to the mexican (MXN) peso. The xocolatl protocol is the system that allows $XOC to be minted or burned using overcollateralization of crypto assets

Category:CDP

Audits

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Methodology

TVL: Counts all the tokens being used as collateral in the House of Reserves contracts that back $XOC. $XOC is the first decentralized stablecoin with peg close to the mexican (MXN) peso.

TVL code

Competitors

Overnight USD+ ($166.02m)Angle ($33.46m)QiDao ($22.9m)Parallel Protocol ($15.43m)Preon Finance ($4.64m)MakerDAO ($4.97b)JustStables ($2.012b)Liquity ($421.06m)Avalon USDa ($417.69m)Thorchain Lending ($228.94m)