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A decentralized protocol to create and trade synthetic assets against cryptocurrency, commodities, forex or market indices.
Users can stake their $LINA to generate $LUSD which can be traded against synthetic assets on their exchange platform or it can be traded on other exchanges where it was listed as well. $LUSD has to be burned in order get the staked $LINA back.
The mainnet launch is on 12th Dec.
They have partnered with band protocol for price feeds.
It currently has 3.6m market cap. Protocol fees and a percent of total supply will be distributed to the stakers.
DYOR
Subreddit
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- 4 years ago
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- reddit.com/r/CryptoMoonS...