Danchor - an EOS-based decentralized betting stablecoin project that allows users to place EOS bets to create USN stablecoins.
Contents:
- Danchor blockchain platform description
- Benefits of running an EOS resource
- Additional information about dapp
Danchor blockchain platform description
With its overshoot and liquidation risk control mechanism, Danchor effectively prevents market fluctuations and ensures that there are enough placement elements to provide valuable support for each USN. Decentralizing escrow eliminates the risk of a hack and your reserves can be checked at any time.
USN generation rates can meet the needs of various financial transactions such as leveraged transactions and working capital.
Benefits of running an EOS resource
The platform never controls user funds. Why this particular platform:
| Friendly user experience | Flexible treasury management, better risk control. Repayment within 1 hour, no interest by default. |
| Excess rate | Full support in every USN. Reasonable liquidation mechanism to avoid market fluctuations effectively. |
All user funds are in decentralized escrow in the EOS contract. Users directly deposit and withdraw their funds from this smart contract. Daily interest is calculated from the total generated USN and the annual rate. Working rules:
- each USN order is payable within one hour of receipt, no interest. If it is not repaid within one hour, interest is calculated as usual;
- if the account has multiple generated records, the total interest is the sum of the interest, generated by each record;
- the annual rate fluctuates and will be adjusted, depending on the market situation;
- every 24 hours during the generation process, the system calculates your interest for the last 24 hours, based on the current annual rate, and accumulates it automatically;
- the specified 24 hour interest rate applies only to the annual rate on the same day and is not affected by subsequent adjustments to the annual rate.
Moreover, even if the duration of the interest is less than 24 hours, the interest is calculated on a 24 hour basis.
Additional information about dapp
The company does not use social media at the moment. As indicated in the company's Road Map, the next update is going to release a White paper, as well as the development of chat support for the company.