Thread by @SebastianWols17

🧵 -- $GSU --🧵
🧵 @GSUcoin 🧵

🧵Thread about $GSU and why it could be an ultimate stablecoin protocol!

LETS GO!!

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So what is @GSUcoin

$GSU aims to be the best stable coin on the planet even more stable than fiat!

Their system continuously monitors changes to the worldwide patterns and then re-calibrating itself on an ongoing basis so it maintains its stabilizing function.

Sounds cool?

@GSUcoin has also launched it`s testnet couple days ago and already more than 4000 community members have joined in the testing process towards implementation of the @GSUcoin

@GSUcoin aims to be the first #crypto to offer better price stability than any crypto or fiat at the moment

$GSU want`s to be World’s Most Stable Unit and the common denominator for shared price stability for all.

$GSU will provide a neutral point of balance, protecting

everyone equally, and ensuring a level playing field.

It`s a new stablecoin that is pegged to its own rate

Sounds cool and interesting if you ask me:)

Link to the rates:
gsu.io

The team of @GSUcoin want to bring the best possible price stability at scale to the Ethereum Virtual Machine (EVM) To have an ultimate stable coin that will contribute to shared stability that is not dependent on broken economic mechanics ($UST/$LUNA style)

and is not dependent on single point of value determination ($USDC, $USDT, $DAI) but on bi-lateral trade volume and capital flows between countries.

$GSU solution is based on calculations representing more than 80% of global capital flows, which corresponds to ≈1000 most important trade relations in the world.

$GSU Protocol performs the issuance of overcollateralised $GSU coins called $GSUc - soft pegged to the GSU rate.

@GSUcoin system is continuously monitoring changes to the worldwide patterns and re-calibrating itself on an ongoing basis so it maintains it`s stabilizing function.

$GSU plans to bring:
- new opportunities for crypto market trading
- lending
- serve the existing DeFi ecosystem with provable stability applied in prediction markets
- stablecoin
- hedging against volatile markets by holding funds in $GSUc

$GSU Protocol is an overcollaterized debt position protocol

It allows users to perform the issuance of $GSU coins (GSUc) based on collateral provided.
It aims to lift the sustainable scalability limits of the existing stablecoin market.

$GSU exchange rate is more stable because:

- It reflects actual underlying economic activities between countries and currencies
- It aims to lift the sustainable scalability limits of the existing stablecoin market.
- It is not a rigid currency-peg controlled by a central bank

@GSUcoin is build from the fork of Maker protocol due stability.
The maker protocol has been battle tested for past 5 years +

$GSU aims to distribute $GSUc stablecoin through an overcollateralised debt position of diverse crypto assets.

Their vault options will have different collateral ratios based on individual risk assessment.

$GSU will be accepting set of collateral options from more traditional tokens to qualified $USD and €EUR pegged stablecoins.

$GSU is not pegged to a dollar, instead it`s pegged to the GSU rate which is a more stable unit than the USD

Here is the link to the testnet guide:
So I don`t have to write the same

mirror.xyz/airdropscaptai…

Other links:
Tweeter: @GSUcoin
Telegram: t.me/gsu_coin
Website: gsuprotocol.io
App: gsucoin.app/?network=goerl…

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ALUCARD OUT