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eggman 🔵
@eggman.eth
A quick update on USDO by /nova ; our doge-backed stablecoin has now held the dollar peg for 162 days, with only $28k in liquidity!! 🥳 USDO utilizes our own in-house formula for security-first stablecoins (dubbed "hyper-collateralization"); and can essentially use *any* token as a stablecoin backing.
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Suz
@suz93
Congrats! Interesting to see how this expands into the future :)
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eggman 🔵
@eggman.eth
Danke! 1000 $degen It was a particularly difficult build - excellent decentralized utility but very expensive to fund liquidity on, given the scaling collateralization requirements. As it stands I think it's more of a technical showcase, but would love to see it expanded on as the market cycle moves forward
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