All - Activity - jesulonimi - Algorand

What is xBacked?

xBacked pioneers stablecoin issuance with xUSD on Algorand. Backed by gold, silver, BTC, and more, xBacked leverages Algorand Blockchain for seamless asset management and swift, low-cost transactions.

Program Goals:

Aligning with Algorand’s TDR principles, we focus on user growth…

xGov Proposal 159 - Dynamic Interest Stability and Zap Vaults Impl

Yes, payment for third-party audits of the code are included. Also, sorry about the confusion, the audit for the dynamic loan rate mechanism is also supposed to be included.

Also @lobo you mentioned something about having the opportunity to launch earlier. We could not launch earlier because we needed box storage to be available on Algorand before we launched; before box storage, we were using local storage to store each user’s vault details and local storage could always...

To answer your question, the infrastructure for staking was already built by the team and the contract for staking was also audited by Reach, but making a deployment of the staking infrastructure requires a platform token that has not yet been launched and we are hoping it will be launched soon.

Discussion Information:

Author: Giles Campbell, Nimi
Advisors: Michael Cotton, AJ Milne
Discussions: Discord
Company Name: xBacked
Category: dApps
Focus Area: Depeg Mechanism, Dynamic Loan Rates, Zap Function
Open Source: No
Amount Requested: 175,000 ALG...