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β‘οΈ Latest collateral addition
Davos Protocol now accepts @LidoFinance's wstETH as collateral! π
Deposit $wstETH to mint our stablecoin, $DUSD.
We're leveraging DeFi composability, where one protocol's output becomes another's input.
Learn more below π§΅π
Davos Protocol now accepts @LidoFinance's wstETH as collateral! π
Deposit $wstETH to mint our stablecoin, $DUSD.
We're leveraging DeFi composability, where one protocol's output becomes another's input.
Learn more below π§΅π
2/ What's $wstETH? π€
It's $stETH wrapped into a DeFi-compatible version by @LidoFinance.
It's designed for seamless integration with DeFi protocols, facilitating the growth of $stETH in the #Ethereum ecosystem.
It's $stETH wrapped into a DeFi-compatible version by @LidoFinance.
It's designed for seamless integration with DeFi protocols, facilitating the growth of $stETH in the #Ethereum ecosystem.
3/ Accepting $wstETH as collateral offers a unique opportunity to stay involved in proof-of-stake networks while benefiting from the value appreciation of your staked assets. π
4/ When you deposit $wstETH as collateral, you can mint $DUSD, our stablecoin. πͺ
Unlike others, $DUSD is designed to be inflation-proof, with a borrowing rate aligned with the Consumer Price Index (CPI) Annual Change or a rate above it.
Unlike others, $DUSD is designed to be inflation-proof, with a borrowing rate aligned with the Consumer Price Index (CPI) Annual Change or a rate above it.
5/ Our unique approach safeguards your purchasing power and turns it into an opportunity.
The borrowing rate is redistributed back as yield, making your $wstETH work harder. βοΈ
The more you borrow, the more you earn.
It's time to maximize your yield with Davos Protocol! π―
The borrowing rate is redistributed back as yield, making your $wstETH work harder. βοΈ
The more you borrow, the more you earn.
It's time to maximize your yield with Davos Protocol! π―
6/ We're not just matching inflation; we're outpacing it. Our yield generation strategy includes:
β’ Borrowing interest rate & redistribution
β’ Yield from the Peg Stability Module
β’ Yield from LSTs
β’ Third-party protocol voting incentives (when veModel goes live)
β’ Borrowing interest rate & redistribution
β’ Yield from the Peg Stability Module
β’ Yield from LSTs
β’ Third-party protocol voting incentives (when veModel goes live)
7/ This robust monetary policy framework is part of our commitment to leveraging Liquid Staking Tokens (LSTs) to facilitate seamless minting of $DUSD. πͺ
8/ But there's more! π
By staking $DUSD, you can can earn more $DUSD as rewards.
This provides users with an additional source of income which they can leverage to yield farm further. π½
By staking $DUSD, you can can earn more $DUSD as rewards.
This provides users with an additional source of income which they can leverage to yield farm further. π½
9/ By minting $DUSD, you're not just getting a stablecoin.
You're getting a stablecoin designed to combat wealth depreciation caused by inflation, making it a more reliable store of value. π¦
You're getting a stablecoin designed to combat wealth depreciation caused by inflation, making it a more reliable store of value. π¦
10/ We're thrilled to offer this new feature.
Start depositing your $wstETH today, mint $DUSD, & unlock the potential of your staked tokens!
And remember, farming incentives will be released when $DGT is live. π
So, be sure to follow us @Davos_Protocol to receive updates. π
Start depositing your $wstETH today, mint $DUSD, & unlock the potential of your staked tokens!
And remember, farming incentives will be released when $DGT is live. π
So, be sure to follow us @Davos_Protocol to receive updates. π
https://twitter.com/Davos_Protocol/status/1669725281895211010
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