Ghoul Finance aims to provide an easy-to-use DeFi protocol that lowers the threshold for participation in a decentralized finance. The developers strive to make the crypto economy transparent, accessible, easy to understand and inclusive for everyone around the world. The team is developing and will continue to develop features and services that give users more freedom and control over their cryptocurrency than is currently available.
About Ghoul Finance
Stablecoins and lending - the building blocks of the decentralized financial services ecosystem. The project is creating a stablecoin, gDAI, that will help anyone in the crypto community to use their tokens as collateral and serve as a catalyst for DeFi innovation at Binance. GhoulDAO - a way to store your cryptocurrency while still being able to spend its value. It allows you to borrow stablecoins (tokens, pegged to $1) at 0% per annum without selling your cryptocurrency.
gDAI coin:
| 1 | gDAI — a collateralized stablecoin and can only be minted with collateral. |
| 2 | gDAI is created when users deposit accepted tokens as collateral in vaults and receive credit against that collateral. |
| 3 | Users can also mint gDAI via Swap, where gDAI is minted in exchange for accepted stablecoins. gDAI is softly pegged to the US dollar, which means that 1 gDAI is about 1 US dollar. |
Anyone can create a gDAI vault and post collateral for a loan. All you need to get started - some of the accepted types of collateral in your wallet and some BNB to cover any transaction fees.
More about defi app
GhoulDAO gives projects the ability to “hold” their tokens while retaining the ability to use their stablecoin value. Any crypto community will be able to create, manage and benefit from stablecoins, backed by their tokens as collateral. Through GhoulDAO, hodlers will be able to borrow against their tokens and receive stablecoins. This adds use cases for the accepted tokens and provides upward price pressure on the token due to its being locked out of circulation.
Reviews (0)