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ERD DeFi Lending Platform and USDE Stablecoin Revealed at This Year's EDCON
Manage episode 365769919 series 3474370
This story was originally published on HackerNoon at: https://hackernoon.com/erd-defi-lending-platform-and-usde-stablecoin-revealed-at-this-years-edcon.
At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin...
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency, #business, #conference, #blockchain-conferences, #stablecoin, #stablecoins, #crypto, #good-company, #hackernoon-es, #hackernoon-hi, #hackernoon-zh, #hackernoon-vi, #hackernoon-fr, #hackernoon-pt, #hackernoon-ja, and more.
This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.
ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability. ERD team will launch their testnet event on June 12, 2023.
328 قسمت
Manage episode 365769919 series 3474370
This story was originally published on HackerNoon at: https://hackernoon.com/erd-defi-lending-platform-and-usde-stablecoin-revealed-at-this-years-edcon.
At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin...
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency, #business, #conference, #blockchain-conferences, #stablecoin, #stablecoins, #crypto, #good-company, #hackernoon-es, #hackernoon-hi, #hackernoon-zh, #hackernoon-vi, #hackernoon-fr, #hackernoon-pt, #hackernoon-ja, and more.
This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.
ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability. ERD team will launch their testnet event on June 12, 2023.
328 قسمت
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