CDPs · Review
xDollar Review 2026: Cross-Chain Stablecoin Borrowing
xDollar is a cross-chain collateralized borrowing platform that lets users mint its XIM stablecoin from vaults. Zero interest and a stated 110% minimum collateral ratio are notable, but collateral and security details need closer scrutiny.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.5/10
Mixed
Our verdict on xDollar
5.5/10xDollar may suit experienced DeFi borrowers who want to mint XIM against collateral across several networks. Its clearest advantages are advertised zero-interest borrowing, multiple collateral vaults, and a stated redemption claim for XIM. The main caveat is the limited detail on collateral support, liquidation mechanics, non-interest fees, and the listed audits. A 110% minimum collateral ratio also leaves borrowers exposed to sharp collateral price moves. Review the live vault terms carefully before committing funds.
Score breakdown
How xDollar scores
- Security
- 4.0/10
- Ease of use
- 5.0/10
- Fees
- 7.0/10
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is xDollar?
xDollar is a collateralized stablecoin borrowing platform. Users deposit assets into vaults to borrow XIM, which the project describes as fully redeemable. It advertises zero interest and a 110% minimum collateral ratio.
The platform is described as supporting cross-chain collateral on IoTeX, Ethereum, Arbitrum, Polygon, and Avalanche. SPACE is named as its token, and the project describes DAO governance. It lists two audits, but the audit reports and their scope are not clear here.
Details about supported collateral, liquidation procedures, fees beyond interest, and the team are not published here. Borrowers should verify these specifics and assess the risks of both their collateral and XIM before using a vault.
How xDollar works
xDollar uses collateralized debt positions, or vaults: a user deposits collateral and borrows XIM against it. The project describes its system as multi-collateral and cross-chain, with support across IoTeX, Ethereum, Arbitrum, Polygon, and Avalanche. The specific collateral assets and how the protocol handles each one are not detailed here.
The advertised minimum collateral ratio is 110%, meaning the value of collateral must remain above the required level relative to the borrowed amount. If collateral value falls, a vault can approach liquidation. xDollar says borrowing has zero interest and describes XIM as fully redeemable, but the redemption process and any fees beyond interest should be checked in the current protocol terms.
5 features
Key features
01
XIM borrowing
Users lock collateral in vaults to borrow XIM, a stablecoin described by xDollar as fully redeemable.
02
Cross-chain collateral
The platform is described as supporting collateralized borrowing across IoTeX, Ethereum, Arbitrum, Polygon, and Avalanche.
03
Zero interest
xDollar advertises zero interest on borrowing. Other possible charges are not specified.
04
Multi-collateral vaults
The stated minimum collateral ratio is 110%. Users need to monitor collateral value to avoid falling below the required threshold.
05
DAO governance
DAO governance is described as part of the platform, with SPACE named as its token.
Pros and cons
What we like
- Advertises zero interest on borrowing.
- Supports multiple collateral vaults across five named networks.
- The stated 110% minimum collateral ratio is explicit.
- The project describes XIM as fully redeemable.
- DAO governance is part of the stated platform model.
Watch out for
- The collateral types and collateral-specific risk parameters are not published here.
- A 110% minimum collateral ratio leaves borrowers exposed to liquidation if collateral value falls.
- The scope and quality of the two listed audits are not clear.
- Fees beyond the stated zero-interest borrowing are not published.
- The project does not provide enough information here to assess its team, regulatory status, or incident history.
xDollar fees
xDollar advertises zero interest on borrowing. It does not publish other possible charges, such as vault, redemption, or liquidation fees here. Check the borrowing interface and protocol terms for any costs that apply before opening a vault.
Is xDollar safe?
xDollar lists two audits, but the audit firms, report dates, scope, and findings are not clear here. An audit does not eliminate smart-contract risk, and cross-chain systems can add technical dependencies. Vault users also face liquidation risk if collateral value drops; the project’s stated 110% minimum ratio leaves limited room for price movements. The team, regulatory status, and incident history are not published here.
5 steps
How to get started with xDollar
- 1
Confirm that xDollar supports your intended network and collateral asset.
- 2
Set up a compatible wallet and fund it with the collateral and network tokens needed for transactions.
- 3
Review the current collateral ratio, liquidation rules, and all displayed fees before proceeding.
- 4
Connect your wallet, choose a vault and collateral amount, and review the XIM borrowing terms.
- 5
Track the vault’s collateral ratio and repay or add collateral if needed to reduce liquidation risk.
Who xDollar is for
xDollar is aimed at DeFi users who understand collateralized borrowing and want to borrow a stablecoin across several supported networks. It is less suitable for anyone unable to monitor collateral ratios or tolerate liquidation and smart-contract risk.
xDollar FAQs
What is XIM on xDollar?
xDollar describes XIM as a fully redeemable stablecoin, but does not publish details here about its redemption process or the assets and mechanisms supporting it. Check the protocol’s current documentation before relying on redemption.
Does xDollar charge borrowing fees?
xDollar advertises zero interest on borrowing. It does not publish whether other costs, such as opening, closing, or liquidation fees, apply, so check the interface and terms before opening a vault.
What is xDollar’s collateral ratio?
The stated minimum collateral ratio is 110%. That is a relatively small buffer against a fall in collateral value; a vault may be liquidated if it no longer meets the required ratio.
What is the xDollar token?
The named token is SPACE, while XIM is the stablecoin users can borrow. xDollar describes SPACE as part of its DAO governance, but token-specific rights and mechanics are not detailed here.
Which networks does xDollar support?
xDollar’s listed networks are IoTeX, Ethereum, Arbitrum, Polygon, and Avalanche. Confirm that the specific vault and assets you want to use are supported on your chosen network.
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How we checked
Sources
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