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Buckle up! We're taking you on a journey into the heart of #LSTfi innovation. 💡
Welcome to @Davos_Protocol, where we're reshaping the DeFi landscape with our inflation resistant stablecoin, $DUSD.
Stick with us because you won't want to miss this thread 🧵👇
Welcome to @Davos_Protocol, where we're reshaping the DeFi landscape with our inflation resistant stablecoin, $DUSD.
Stick with us because you won't want to miss this thread 🧵👇
2/ Our mission? 🎯
Address the challenges traditional CDPs face in DeFi by leveraging Liquid Staking Tokens (#LSTs) to mint $DUSD, our inflation-proof stablecoin.
We’re enhancing user protection, promoting #LSTfi adoption, and maintaining a fair and unbiased monetary policy. 🤝
Address the challenges traditional CDPs face in DeFi by leveraging Liquid Staking Tokens (#LSTs) to mint $DUSD, our inflation-proof stablecoin.
We’re enhancing user protection, promoting #LSTfi adoption, and maintaining a fair and unbiased monetary policy. 🤝
3/ #LSTs are tokens that represent staked assets. 🥩
By collateralizing them, users can access liquidity while benefiting from their staked assets' value appreciation.
But that's not all.
We're putting a unique spin on the borrowing rate mechanism too. 😉
By collateralizing them, users can access liquidity while benefiting from their staked assets' value appreciation.
But that's not all.
We're putting a unique spin on the borrowing rate mechanism too. 😉
4/ Unlike other protocols, we tie the borrowing rate of $DUSD to the CPI Annual Change or a rate higher.
This strategy protects users' purchasing power against inflationary risks and maintains an unbiased monetary policy. 🫶🏻
We aim for a robust, inclusive, and fair system.
This strategy protects users' purchasing power against inflationary risks and maintains an unbiased monetary policy. 🫶🏻
We aim for a robust, inclusive, and fair system.
5/ Our protocol incorporates liquidity gauges, steering liquidity and driving involvement.
They allow us to manage stablecoin yield distribution, optimize performance, and empower our community to shape the protocol’s future with $DGT, our governance token. 🏛️
They allow us to manage stablecoin yield distribution, optimize performance, and empower our community to shape the protocol’s future with $DGT, our governance token. 🏛️
6/ We're revolutionizing the stablecoin landscape by overcoming limitations of traditional CDPs.
By leveraging #LSTs and accessing @ethereum Proof-of-Stake Rewards for example, we could open a scalable and lucrative yield generation avenue for stablecoins. 🔑
By leveraging #LSTs and accessing @ethereum Proof-of-Stake Rewards for example, we could open a scalable and lucrative yield generation avenue for stablecoins. 🔑
7/ $DUSD, our inflation-proof stablecoin, combats wealth depreciation caused by inflation.
The interest rate aligns with the prevailing inflation rate, preserving your wealth over time and bridging the gap between #LSTfi and TradFi ecosystems. 🌉
The interest rate aligns with the prevailing inflation rate, preserving your wealth over time and bridging the gap between #LSTfi and TradFi ecosystems. 🌉
6/ Stay tuned for our next thread where we'll delve into the world of stablecoins and introduce $DUSD, our unique solution to the limitations of existing stablecoin models. 🪙
Until then, you can read our whitepaper here for more details:
🔗 davos.xyz/assets/davos_w…
Until then, you can read our whitepaper here for more details:
🔗 davos.xyz/assets/davos_w…
7/ Want to learn more about us and be a part of this #LSTfi revolution?
Follow us on Twitter @Davos_Protocol and turn on notifications for instant updates! 🔔
Follow us on Twitter @Davos_Protocol and turn on notifications for instant updates! 🔔
https://twitter.com/Davos_Protocol/status/1669649781705297920
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