DeFi
Last updated
Last updated
Defi is the future of finance. That future is in jeopardy however because it's supported by some flawed stable coin systems. Since DeFi was made possible by Ethereum it purposefully forgot about Bitcoin. Rather than stable coin pairs it should have been ETH/BTC AAVE/BTC etc
One of the main stablecoins on the Ethereum network DAI has recently come out and said that their stable coin is only backed 32% by the dollar. So what is the true value of this
We envision DXO being the reserve currency of Defi. You know where it came from. It's Forged by burning deflationary coins. You know its verified. Why hold a traditional stable that doesn't provide yield? And while DXO may not be stable, its benefits outnumber holding a stable coin. DXO is also completely decentralized. No addresses can be blocked from transactions.