On the Vyndao project, you can generate stablecoins. USDV - a safe haven currency, pegged to the US dollar and always backed by a VEX collateral.
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About Vyndao crypto defi site
Each USDV stablecoin is backed by digital assets, stored in a secure Vynilum smart contract. Anyone can block their digital assets as collateral and issue USDV against it.
Vynilum encourages third party participants to maintain the USDV peg to the dollar. Arbitrators - automated programs that look for arbitrage opportunities when the USDV price deviates from the peg. They also participate in liquidation auctions to ensure that liquidated debt and collateral is managed in a timely manner. USDV - a stable cryptocurrency with a predictable price and low volatility, compared to peers.
For example:
| Leverage | users can get more capital by generating USDV without spending the collateral they have risk to. |
| Hedging | during times of market turmoil, USDV offers a safe haven to safeguard the value of custom holdings. |
| Lending and borrowing | high volatility creates an uncertain lending environment where borrowers and lenders cannot effectively assess how risky a loan might be. |
Users can currently lend themselves USDV at a rate of just 1%, payable in VYN tokens at the time of loan repayment. In order to ensure that the new USDV cryptocurrency will not be subject to collateral attacks or speculative attacks, we must maintain a collateral of at least 100%. The 130% figure is derived from an analysis of current collateral volatility levels. No users or other contracts have access to your funds.
More information about the dapp
There are no WhitePaper and RoadMap documents on the site. Instead, a large section with answers to questions is available. Thus, you can familiarize yourself with the site.
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