Switch the website to: 繁體中文 English (Powered By : ChatGPT)

The Bitcoin concept continues to lead the rally, will the speculation bitcoin is stable project?

03-15 17:37
The currency
Reading this article requires 7 minutes
Translate this text into 繁體中文简体中文 (Powered By : ChatGPT)
Abstract is generated ChatGPT produce
Recent bitcoin stable project dynamic list

After the Silicon Valley Bank incident, crypto seems to be rediscovering its roots as a hedge against traditional financial and monetary systems. Practitioners are rethinking whether we need a crypto native stablecoin that doesn't rely on traditional banks. Market hot spot also seems to be looking for such a project, ethereum ecology of Frax, Liquity protocol market speculation has been full, so with the violent rise of bitcoin in this wave, should we pay attention to the bitcoin based stablecoin project? At least the project side is already taking action. BlockBeats has sorted out the recent Bitcoin and calculated the project status as follows.


Threshold


On March 14, privacy Network Threshold Network announced that thUSD, a dollar stablecoin based on tBTC, would soon go live. The stablecoin borrows from the Liquity protocol mechanism and uses tBTC (which Bridges bitcoin to a derivative Token generated by Ethereum via Threshold Network's cross-chain solution) as collateral to generate USD stablecoin thUSD.


HOPE


On March 13, Flex Yang, former founder of Babel Finance, launched HOPE, a distributed stablecoin backed by native crypto assets. HOPE will be supported by BTC and ETH in the early stages of development. Ecology of HOPE includes HopeSwap, HopeLend, HopeConnect and HopeEcho, which provide trading, lending, derivatives and synthetic asset functions. In addition, the project will introduce the Incentive and Governance Token LT (Light Token) to motivate users to participate in ecological application and governance.


HOPE is anchored to BTC/ETH for early casting and destruction. In the growth stage, the price of HOPE will fluctuate with the price fluctuations of the anchor. At this time, HOPE can be considered as an ETF of BTC and ETH, which effectively avoids the occurrence of Terra death spiral events. When it is fully stocked or even overstocked, HOPE will enter a maturity phase and the price will gradually anchor to $1 until it becomes a stablecoin. After maintaining excess reserve of ecological stability, assets participating in pledge casting HOPE will be expanded by voting. For example, stable assets resistant to review, Curve 3Pool LP Token and DAI, have the opportunity to become pledges.


NUSD


On March 9, Arthur proposed to establish a stablecoin NUSD (The Satoshi Nakamoto Dollar) based on Bitcoin. NUSD consists of the value of bitcoin and an "empty order of the reverse permanent swap agreement between the value of bitcoin and the value of the dollar". Hence the stability of the currency through the derivatives market. At the same time, NakaDAO and a central trading platform providing a trading venue for permanent swap agreements are needed to maintain the normal operation of NUSD.


Arkadiko


Arkadiko is an open source, unmanaged liquidity protocol built on the Stacks smart Contract that allows users to pledge assets to mint stablecoin USDA, earn deposit interest, and borrow assets at Stacks. Arkadiko's governance Token is a DIKO, which can be obtained by pledging assets to add liquidity to the pool.

The currency
Everything about bitcoin
Related articles
Bitcoin's New Era: Opportunities and Risks of BRC-20.
This article introduces the development process of BRC-20 and provides an objective analysis of its value and risks.
05-29
比特币
Bitcoin halving is less than a year away: Is the cycle theory still reliable?
Don't blindly trust cycle theory, it can only serve as a reference for your investment decisions.
05-24
比特币
Binance Research: Principles, Current Status, and Future of BRC-20.
This article provides a detailed overview of the impact, risks, and challenges of BRC-20 on the market.
05-23
比特币
Popular articles
Creating NFTs on Bitcoin for just $5? Learn about BRC-1155 and GBRC-721.
Creating NFTs on Bitcoin for just $5? Learn about BRC-1155 and GBRC-721.
Revisiting the Orthodoxy of Crypto: The Spiritual Divide Between Us and Vitalik.
Revisiting the Orthodoxy of Crypto: The Spiritual Divide Between Us and Vitalik.
The new regulations on virtual assets in Hong Kong have officially come into effect, marking a historic moment for Web3 in Hong Kong.
The new regulations on virtual assets in Hong Kong have officially come into effect, marking a historic moment for Web3 in Hong Kong.
MoDragon: Can the new trend of blockchain gaming be replicated on Arbitrum?
MoDragon: Can the new trend of blockchain gaming be replicated on Arbitrum?
Vitalik: Maintain the minimalism of the chain, do not let Ethereum's consensus become overloaded.
Vitalik: Maintain the minimalism of the chain, do not let Ethereum's consensus become overloaded.
Download BlockBeats App
Business
Business
Contribute
Post