1/ World, Meet ARC - A Synthetic Asset Game.
Composable debt is here.
The idea is simple, you can create a synthetic debt dollar from any collateral type you want via separate asset pools (i.e. a LINK pool, a RENBTC pool, etc.)
defiweekly.substack.com/p/world-meet-a…
Composable debt is here.
The idea is simple, you can create a synthetic debt dollar from any collateral type you want via separate asset pools (i.e. a LINK pool, a RENBTC pool, etc.)
defiweekly.substack.com/p/world-meet-a…
2/ We’ll be kicking things off with LINK as the first collateral type. This means that you can use your LINK tokens to mint synthetic LINK dollars (LINKUSD). Oh and did I mention we use LINK oracles as well? #LINKMARINES
3/ There’ll be many more collateral and debt products but the end goal is to have a universe of debt products. Ultimately you’ll be able to decide which kind of product you hold and use based on the underlying risk profiles of the debt.
4/ The ARC network will contain levels which yield farmers will need to progressively unlock. The higher the level, the more valuable ARC as a network will become. Work together and win together with fellow Arc Angels.
5/ There’s no pre-mine of ARC. The only way to get tokens will be by using the protocol. ⅓ of all tokens minted in real-time will go to the ARC-DAO. Read the blog post at the end for more details around token allocations/issuance.
6/ We’re incredibly excited to launch this new experiment to you all, join our Discord to stay up to date with next steps: discord.gg/gyvbm9
Read the gamepaper here: gamepaper.arcx.game
Read the gamepaper here: gamepaper.arcx.game
