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🚨 DYAD, Testnet is Live / Mint one of the 888 NFTs
#DYAD is a Hard pegged, immutable and governance-free stablecoin backed by #ETH. Decentralized monetary policy via long-vol NFTs.
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#AlphaInsiders 🕵️♂️⚡️🪂
#DYAD is a Hard pegged, immutable and governance-free stablecoin backed by #ETH. Decentralized monetary policy via long-vol NFTs.
⭕️ Like and RT
#AlphaInsiders 🕵️♂️⚡️🪂
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WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS.
THIS IS NOT FINANCIAL ADVICE.
Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.
WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS.
THIS IS NOT FINANCIAL ADVICE.
Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.
There's a new #stablecoin coming to $ETH mainnet. It will be immutable, governance free, fully collateralized, and includes some fun PVP & #NFT elements.
In this thread, I'll briefly go over what @DYADstable is, how it works, and what to expect come launch. 👇
In this thread, I'll briefly go over what @DYADstable is, how it works, and what to expect come launch. 👇
First, lets try to identify the ideal stablecoin protocol/design in order to better understand Dyad's design. The ideal stablecoin will balance Supply and Demand side dynamics, creating a Dyad between the two.
For the Demand Side, a stablecoin protocol needs to:
- Be stable
- Be decentralized and immutable
- Be redeemable for $1 worth of collateral at any time
- Maintain overcollateralization to absorb extreme volatility
- Be stable
- Be decentralized and immutable
- Be redeemable for $1 worth of collateral at any time
- Maintain overcollateralization to absorb extreme volatility
