USDFI introduces a radical new stablecoin design. Simply put, it is deliberately unstable at first, and then stable. The design repeatedly returns to the region of stability after temporary instability. Over time, the volume and scope of these events will decrease, and the recovery time will decrease as user confidence and trust grows. Unlike fiat currency, the trust of users of a decentralized stablecoin cannot be secured.
Description of the USDFI project
It is a digital currency for decentralized finance and more. With USDFI, periods of downward price volatility are an integral and necessary part of the process. Over time, the design gradually shifts towards greater price stability.
This process allows the project to develop the necessary rigidity and economic security over time to fulfill its role as a decentralized digital dollar by actively reducing time preferences.
Distinctive features:
| 1. | It is the only DeFi stablecoin with a built-in cryptosystem, supporting a separate DeFi stability engine. |
| 2. | Monetary policy is fully automated, using various protocols. |
| 3. | For the first time, stablecoin risks can be diversified across architecture, issuers, stability mechanisms and blockchains. |
The price of a token can be in three different states: at the peg level, in a downward volatility state or in an upward volatility state. In the normal state (when pegged), Treasury revenues help to boost the liquidity of the ecosystem in and around the USDFI pegging. Protocol assets are allocated to yield operations. More revenue is generated, which is pooled into AMM operations, which, in turn, creates more liquidity and revenue.
How to stake USDFI?
If your MetaMask is already connected, you need to enable mining first. This step is required to give the website permission to access the wallet. USDFI must be available in your wallet to start staking.
Before you can start placing bets, you need to enable the betting feature. Click the "Enable" button. Your wallet will ask you to confirm the transaction. Successful approval will show you a "Completed" notification. Select the amount of USDFI you would like to bet. Select "MAX" for the maximum amount, available in your wallet. Click the "BET" button to start the transaction. A successful transaction will show you the TX code. After a successful transaction, you will receive a confirmation and your statistics on the page will be updated accordingly.