Verifiable Collateral For DeFi Opportunities: OpenDAO Stable C | ElrondNetwork - Announcements

Verifiable Collateral For DeFi Opportunities: OpenDAO Stable Coins On The Elrond Network

For DeFi products to finally take off, the transition to fully digital financial services needs to be underpinned by a strong layer of confidence stemming from reliable stable coins.

That is why we are excited to announce that OpenDAO stable coins will be available for DeFi products on the Elrond Network!

“Adoption will happen when the new capabilities of the digital financial system will be combined with the same level of trust market players have in the traditional system. It will be interesting to explore the opportunities created by the hybrid collateralization mechanism proposed by OpenDAO” said Beniamin Mincu, Elrond CEO.

#hypergrowth100 Day 38

https://elrond.com/blog/elrond-egold-stable-coin-opendao

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