⚡️ Latest collateral addition

Davos Protocol now accepts @LidoFinance's wstETH as collateral! 🎉

Deposit $wstETH to mint our stablecoin, $DUSD.

We're leveraging DeFi composability, where one protocol's output becomes another's input.

Learn more below 🧵👇 2/ What's $wstETH? 🤔

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.

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 🧵👇 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. 🤝

”I stake my asset, receive an LST, and then what do I do 😰?”

Liquid staking is a hot topic in DeFi, but it can be overwhelming for those who are not yet at the degen level 🤯

We simplify the process for you, so you can stake your assets and sit back and relax! 🛋️ 2️⃣ With Davos Protocol, users no longer need to stress about completing complex strategies. We remove the burden so you can focus on the rewards.

At Davos Protocol, we identified that Liquid Staking doesn't just have to be completed by users

Here's how it works👇

Many people wonder, why $DAVOS isn't considered a stablecoin? 🤔

The answer lies in the fact that $DAVOS is not pegged to any fiat currency, unlike other stablecoins👀 2/ What is the goal of the Davos Protocol? 🥅

The primary objective of the Protocol is to create a stable asset with high price stability that is tied to the protocol's monetary policies and features.

Given our innovative mechanism, we aim to reset the stablecoin landscape 👀