USDx

Axis

2026-07-31 09:00:15

Axis Fills $50 Million Retail Vault in 22 Hours as On-Chain Arbitrage Pitch Draws Early Demand

Axis, a DeFi yield protocol built around market-neutral arbitrage, opened its retail-facing Origin Vault on July 29 and filled its initial $50 million cap within 22 hours before raising the limit to $100 million. The project says it brings institutional trading strategies on-chain, with returns tied to cross-exchange price discrepancies, cross-asset arbitrage, and funding-rate opportunities rather than token emissions or outright directional bets. Axis has not issued a native token. It previously disclosed a $5 million private round led by Galaxy Ventures, with participation from OKX Ventures, CMT Digital, FalconX, GSR, Maven 11, CMS Holdings, and Marc Zeller. The team says another $100 million of private capital has already been deployed in closed testing of its arbitrage engine. Axis structures the product around USDx, a synthetic dollar used for settlement and hedging, and sUSDx, a yield-bearing receipt whose value reflects profits from the strategy. As of July 31, the Origin Vault showed a $100 million cap, about 58.7% utilization, a 1.75x multiplier, and an APY near 10.4%, with a 30-day lockup and a seven-day withdrawal delay after redemption is requested.

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Gate

2026-07-16 03:14:39

Gate rolls out yield feature for stock and CFD account balances

Gate said it has launched a yield-generating feature for stock and CFD account balances, describing itself as the first platform in the market to let eligible assets in those trading accounts earn returns automatically. Under the feature, idle USDT in stock accounts and USDx in CFD accounts can accrue yield while users continue trading stocks, participating in IPO subscriptions, or trading CFDs. The platform said the product uses a tiered rate structure based on the USDT balance in stock accounts and the USDx balance in CFD accounts, with a reference annualized yield of as much as 3.00%. Yields for the two account types are calculated separately. A single account becomes eligible once its balance exceeds 1,000 USDT or USDx, while the actual rate shown on the page may change under platform rules and market conditions. Gate added that users do not need to stake or lock assets to use the service. Eligible balances are measured through daily position snapshots, and rewards are distributed each day to spot accounts. The company also used the announcement to highlight its broader TradFi offering, including 24/7 access to U.S., Hong Kong, and South Korean equities, as well as CFD products tied to metals, stocks, indices, foreign exchange, and commodities.

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