KaspaDollar

Decentralized dollar on @kaspaunchained aiming to pioneer the DeFi ecosystem on the fastest PoW network.

[KaspaDollar @KaspaDollar]

@backasin89 Very fair point.

[KaspaDollar @KaspaDollar]

@HashAndPower Very good point! It will be clarified as time goes by.

[KaspaDollar @KaspaDollar]

@IbuyKaspa @asaefstroem @kccforum Rust fund is already allocated to the devs of RK

[KaspaDollar @KaspaDollar]

Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.

The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.

The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.

Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.

Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.

Up until that point, this account will share the plans, details and progress of the work as it develops.

[KaspaDollar @KaspaDollar]

@BroadKasp @KarolPryka @pushisNu @asaefstroem @kccforum Will be done!

[KaspaDollar @KaspaDollar]

@KarolPryka @pushisNu @asaefstroem @kccforum Thanks for your feedback! It will be clarified!

[KaspaDollar @KaspaDollar]

@DailyKaspa Step by step, $KAS by $KAS.

[KaspaDollar @KaspaDollar]

@cll0ne Truly unstoppable.

[KaspaDollar @KaspaDollar]

@crono_walker No, those are both equally considered.

[KaspaDollar @KaspaDollar]

@crono_walker Similar to DAI yes.

[KaspaDollar @KaspaDollar]

@KarolPryka @pushisNu @asaefstroem @kccforum Everything is on the roadmap!

[KaspaDollar @KaspaDollar]

@jcrypto787 @asaefstroem @kccforum Everything is on the roadmap! Check the website!

[KaspaDollar @KaspaDollar]

@kakaroaeli @asaefstroem @kccforum Push it to the moon!

[KaspaDollar @KaspaDollar]

@pushisNu @asaefstroem @kccforum Huge indeed!

[KaspaDollar @KaspaDollar]

@backasin89 @asaefstroem @kccforum That’s the spirit!

[KaspaDollar @KaspaDollar]

@backasin89 @asaefstroem @kccforum Good idea!

[KaspaDollar @KaspaDollar]

@_Jswell It’s time to build!

[KaspaDollar @KaspaDollar]

@RionTheG The sooner the better tbh

[KaspaDollar @KaspaDollar]

@Ed_L_P We’re here 👀

[KaspaDollar @KaspaDollar]

@El_literate27 @asaefstroem @kccforum We are counting on you!