A venture known as Common Cash has formally unveiled its public mainnet, launching the same old usd (USD0) stablecoin. This initiative seeks to offer a decentralized different to conventional fiat-backed stablecoins.
Common Cash Debuts USD0 Stablecoin and USD0++ Liquid Bond
In keeping with the venture’s workforce, ordinary usd (USD0) is a stablecoin supported by real-world property (RWAs), crafted to supply customers a reliable and decentralized monetary software. The venture additionally introduces USD0++, a liquid bond variant of the stablecoin, offering elevated yield by way of possession and governance redistribution. Customers can acquire USD0, interact in liquidity swimming pools, and earn Drugs—a reward system tied to the quantity of USD0++ held or supplied as liquidity.
The launch is accompanied by the Drugs marketing campaign, permitting individuals to earn Drugs by interacting with the Common ecosystem. These Drugs will decide the allocation of USUAL tokens in the course of the upcoming Token Technology Occasion. In keeping with defillama.com stats, the USD0 protocol has $90.78 million complete worth locked (TVL) as of July 14.
In a weblog submit on the subject, Common Labs, the workforce behind Common Cash, burdened the significance of early participation to maximise rewards. The Drugs marketing campaign asserts to supply substantial incentives for early adopters. Common Cash goals to place itself as a significant participant within the decentralized finance (defi) panorama, difficult standard monetary techniques. Its entry comes at a time the place a bunch of yield-bearing and defi stablecoin rivals have entered the fray.
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