ERD DeFi Lending Platform and USDE Stablecoin Revealed at This Year's EDCON

Web3 Tech Brief By HackerNoon

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...
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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.